By observing a whole week of SGH trading session despite going from 21 Cents to 30 Cents within a week. There are no market sensitive Ann. SGH total shares Volume conserved. Despite massive volume flow over the past 5 days, the total number of trade = 1879 trades. Let put it in a simple context for you. An average daily trading of STO (Santos Energy) is around 4300 trades/day. That makes me think SGH have too many LT holders and not enough day traders.
SP can be easily manipulated by a small group of traders or even one good trader with multiple trade platform.
I think if SGH board want to see their SP back in the $ figure. Best way is buying back their shares from the market but that really depends on their cash situation.
Like I said earlier dilute shares to pay off debts. I think it demonstrate the board have poor management and it an early indication of forming a titanic. In long term every investors know there weren't much titanic survival.
SGH Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
