Australia's largest stock trading and investment forum Australia's #1 stock forum

SGH

0.00%

54.5¢ slater & gordon limited

SGH, page-82

First 82 Last

Share
Profile

Follow
GrumpyScouser

281 Posts.

8

19/04/18

16:18

Post #: 32563318
Share

Originally posted by croasian ↑

In the 1920's analysts were called investment statisticians. They would look at long term averages.

There are obvious flaws but it's a good place to start. Long term averages describe a businesses historical economic position.

If you are going to venture from that area into growth stocks which are considered blue-chip (and therefore perilously overvalued) you need to really KNOW the business.

Turns out Quindell was a fraud and frauds often look for a sucker to buy them out before bankruptcy. It's very easy for a company to have a few good (fake) years of earnings, looking back through a couple of economic cycles would give more confidence.

My preferred process is to avoid growth like the plague, stick to companies with strong economics and financials which are considered speculative by the market.

It's logical that only hated companies make safe investments.

I nearly got caught out on this one.

It's totally out of my experience to evaluate a growth stock, the difference between doc and I is that I know what I don't know. Also not my job to warn people about random stocks though I did, in 2015 on the nz forum.

After I read the Gotham report.

So to avoid this in future, you could avoid growth stocks like I do.

Or only buy when you honestly really understand the economics are strong. From an on the ground perspective.

There's no way to slash your way through staff to prosperity if you don't have the economics behind you. From the day they bought Quindell it was all over for SGH bar the shouting.

Expand

I think I've missed something: could you point me to the formal judgement about fraud, or is that just a personal point?

If it was...the SFO have yet to comment after 3 years.

SGH Price at posting: $3.10 Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

The winners & losers on market if negative gearing were gone

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The market's shrugged at China's stimulus measures all year. Why is this one different?

There are more pages in this discussion • 285 more messages in this thread...

First 82 Last

Add SGH (ASX) to my watchlist

SGH, page-82

Top Stories

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

ACCC seeks Olam divestments before it can buy Namoi Cotton

The winners & losers on market if negative gearing were gone

KalGold rolls out detailed aeromagnetic survey across Pinjin project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The market's shrugged at China's stimulus measures all year. Why is this one different?

Featured News