Now here R some facts which may SHOCK the bashers.
Had another look at the 1 H numbers.
NET ASETT PER SHARE SGH is 1.15 dollars.
This is after considering the DEBT from banking syndicate and impairmaent of nearly 900 million dollars .
Amazing stuff.
Here is another thing to consider. This 900 million or so impairment provides a tax free cushion ( excuse me i am not a corporate taxation consultant) according to my commonsense understanding against a future profit of 900 million dollars ............making tax payable in future yrs agianst profit of 900 million dollars to zero.
This 900 million dollars is again a embedded value of nearly more than 1 dollar per share to SGH stock price.
If u add that to 1.15 it makes for SGH worthy of more than 2.5 dollars in terms of its real value.
Mostly good stocks sell at 5-7 times of their net worth.
As far as OPEX is concerned, it is manageable and can be done in Uk ALONE.
Rememeber this EPS last yr for SGH stock for full yr was nearly 50 cents.
Agreed there is debt to be serviced and all that, But excuse me thsi VA and this equity raisng and administration stuff, who is BS TING whom.
Keep UR cool. Market has thrown the baby with the bathj water for sure.
DoUR own research B4 u make any investment decvision and dont decide because just some one wrote it here.
SGH Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
