What a crazy day.
I didnt think the information was that bad! Sure negative cash flow for first half. But still optomistic for second half, and no change in guidance. Perhaps insto's think otherwise, and see this as early warning signs? All I know is that with a guidance of 55c EPS, even if there is a 10-20% reduction in actual EPS, we are still travelling at a low PE, and importantly a significant increase in earnings year on year. Surely the SP should be sitting at $5 or more.
Perhaps this is just more games from shorters allowing further accumulation? Hard to know.
SGH Price at posting:
$2.68 Sentiment: Buy Disclosure: Held
