Kunleesp
Why not consider investing not trading.
It is possible 2015/16 is the year of kitchen sinking and 2016/17 is the year SGH astonishes with $270M PAT.
Currently the SP is so far out of kilter that it is absurd. How did it get there.....BOTS ......they are holding it at ludicrous levels to maximise capitulation. In time the same BOTS will fix the sp somewhere else. When PAT is obvious and obviously sustainable to the kids who comment and sensationalise in the press...it will be more and more difficult to keep the lid on it.
Time and getting out of 2015/16 - shedding overborrowing ( by $200M) is the cure. 2016/17 ....walk in park?
Capitulate by all means.....but not waiting would be a bit silly. SP rises when Bots allow it. Bots will allow it when institutions want in. Meantime every bit of bad news and misinterpreted news is in the SP. Doesnt get much better for an investor.
Cherry on top will be the day divy comes back.
Mel
Kunleesp Why not consider investing not trading. It is possible...
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