Too close to the release of the HY results, which they must know given the latest announcement.
Don't want to add insider trading to the problems now do we?
Huge amount of fear and uncertainty around at the moment (and rightly so). Still a week or so until the true numbers are known. Large volumes.
If I was younger and more risk averse, I would expect a capitulation day maybe followed by a bounce. Traders delight. But I don't have the nerve for it these days.
I'm actually surprised it is still trading. It must at least be considered solvent, so I'll wait for the HY report and may consider buying at that stage, although I still feel the company will not look anything like it does now in term of corporate and capital structure once the banks make there move.
Milesy
SGH Price at posting:
17.0¢ Sentiment: Sell Disclosure: Not Held