Looks like GEG has been trying for some time to get out of the consumer business where margins are thin and barriers of entry are low. The share was floated at $1.20 post Mnemon merger and has tanked ever since.
http://www.copyright link/street-ta...-weighs-sale-of-consumer-unit-20150526-gh9ial
What hope does SHP have with its sub-size business lacking in scale and profile, when the big guys are already feeling the heat?
No newsflow of late and nothing positive expected in the coming months; share price remains depressed and hasn't moved since Oct last year.
With endless supply of shares still being sold at 1.5c, what is management/board going to do now? Selling their sites back to the previous owners at a discount? Buying more shares with their own tiny bits of cash when there is still 75% of the company in free float and more getting issued in earn-outs?
Looks like GEG has been trying for some time to get out of the...
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