SGR Shorts Position dropping, page-56

I’ve been averaging down so many times because I feel the company is undervalued, and continually it goes lower. I still think it’s cheap. It has now become my top individually held stock.

The one thing I will be cautious of is whether SGR gets kicked out of the ASX200 in December when they do their next rebalance. The market cap has dropped so much over the years that it’s now ranked #245 on ASX. A lot can happen between now and then but being removed won’t help the downward trend.