Just bought into this at 37.7 cents. Looking at the last annual report released 4/10/16 it is clear that there are two possible options and the share price will move fairly quickly in either direction. The first is that the debt level is very high and the banks will call in their loans and liquidate the company in which case the shares will be worthless. Hopefully, the second option prevails. The company had 908.2 million revenue in 2016 and the market cap should be at least this if the debt situation was stable and manageable. Given the current market cap is around 132 million at the current share price it is difficult to see how it can be reduced significantly even with a 1 for 1 share issue to raise capital.
SGH Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
