It was a madness, and massive overreaction. Company has strong fundamentals and proposed laws wont take effect till 2017. Every business adapts to regulation changes and I still believe this 80 year old firm can adjust around this. I think ASX should probe more deeply to see if there was any foul-play. Looks like stock was massively manipulated in last week. It gained more than 20% and then lost it all.
I would continue to hold shares in this company and believe it will turn this around. Planning to top-up further.
SGH Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held