@milesy Thanks for the reply. I believe now the banks are...

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Kunleesp

1,252 Posts.

13/05/16

01:07

Post #: 17754253
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Originally posted by milesy ↑

You answered your question for yourself...

'I think that's to be expected that we won't see any substantial holder notice, as most institutions would be waiting for more news. '

So if we are waiting until August in this information vacuum, then, apart from the odd few pip rise in occasions, then the share price will drift lower.

The gap may have been a breakaway gap, but we will not know this until a bottom is finally reached.

A slow bleed like this is almost worst than a haemorrhage. You watch each day expecting a rise, but it is either flat or slightly down. Losses build. This fuels further capitulation.

I bought in fully expecting a market update to reassure the market. That is, tell us what you told the banks.

I really liked the announcement regarding bank support, but also accept that management have been good at convincing banks to back them despite some shocking decisions being made. After all they are lawyers......sell ice to Eskimos and all that.

So yes, while I am comforted with the banks support, I also know they are self-interested and until we know the success, or otherwise, of the overall venture, then it is at high risk of missing targets and continuing the death spiral.

I'm sticking with them for now, but hope that management drip feed information to the market in order to maintain confidence.

Milesy

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@milesy

Thanks for the reply.

I believe now the banks are onboard they will push SGH management to release more news and updates to build confidence back up.

I don't think the banks will like to see the sp hit the lows like before as that would further destroy confidence in the company and wouldn't be good for the banks either.

Having the sp this low wouldn't be doing any good for anyone, the investors, mums & dads, etc

I also believe if the sp stays this low for too long, the good news that came out will be wasted.

I know that management haven't done a good job and keeping us informed. Only reason I bought back in is because management have to answer to the banks and have there backing.

And we all know what the banks are like and want, MONEY.

What are your thoughts on this, do you see the banks pushing SGH and also trying to get the sp back up.

SGH Price at posting: 40.5¢ Sentiment: Buy Disclosure: Held
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