SGH 0.00% 54.5¢ slater & gordon limited

Who the hell is buying ??, page-129

  1. 4,431 Posts.
    Hi Denbo,
    Technically v bad as long term support broken and closed below 20 with failure of double bottom unless coming events prove that it was afalse break as it has still not closed for 2 consecutive days below 20.
    Fundamentally,i think banks will come to the party.
    They will take the hair cut of 40-50% and go for some creative way of
    D 4 E or sell out to outsiders at a discount with pre arrangement/agreement through the consultant re D 4 E at an agreed price etc etc.

    Or banks have other options.
    Let us see what they come out with.

    Going to the wall is not a an option for banks and SGH as no one wins whereas SGH can B saved and can again become profitable.

    Now here is one v different take,
    Astrologically ,if 1 H numbers come on 28/2/17, i think last 2 days action will B proved as A BEAR TRAP.
    If numbers come on 27/2/17 then market reaction will be bad.
    PS.
    Even with 2 billion issued stock SGH can still be above 2 dollars in 2-3 years time
    if they return it to expected margins.If they restore growth too then it will B a differnet story altogether.
 
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