well yes - your're right - I was never your type of "SGH bull".
Saw SGH as a recovery stock, with price rising by maybe 300% over 18 months (my average in was 25.7c).
I still think that with continued bank support, and left to their own devices, SGH should have EPS of 10c in FY2017 - depending on level of non-recurring expenses.
Lack of updates from SGH is an issue. Lenders are in a preferred position - getting weekly / monthly trading and cash updates, but the lower ranked shareholders look like getting only bare legal minimum.
When Trump started winning (interest rate risk) and thinking about Citi bailing out, plus comment at AGM about liquidity, decided risk profile of SGH a bit too uncertain for me.
Last of my shares went yesterday - may buy back in with more info - don't mind paying a higher price if risk profile more clear.
well yes - your're right - I was never your type of "SGH bull"....
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