There is a suggestion in a news report I read that this could be party of a strategy by SGH to appear to have nothing of any value 'grabbable' by MB in a CA and that, it's hoped, MB will pull the pin on it's CA because there's nothing to be had.
This might suggest that SGH expects a bad judgement in a CA.
Also - there's the ASIC thing which, if ASIC reckons it's got a case could mean SGH insurers pull the pin on it's cover - in which case MB, in turn, intends to pull the pin on it's CA because, once again, if there's no insurance payout to be had, it's not worth going after individuals, ( who, it turns out, have sold their house assets).
So - maybe there's more to this schmozzle than initially meets the eye - and which no-one will ever know the full story about.
All I know is that SGH SP isn't much lower right now than it's previous bottoms, the last one on Jan 5th. after it's announcement on 28th. December 2016.
So - wait and see, but I'm the first to agree that, also, could be a mistake.
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Last
$52.02 |
Change
0.305(0.59%) |
Mkt cap ! $21.18B | |||
| Open | High | Low | Value | Volume |
| $51.71 | $52.27 | $51.54 | $3.977M | 76.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26 | $52.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $52.02 | 81 | 6 |
View Market Depth
| Last trade - 13.25pm 30/07/2025 (20 minute delay) ? |
| SGH (ASX) Chart |