why sgb is down, page-2

Hai

I am also having the same doubt. May be now that the merger with WBC is going to take place, institutions are feeling that SGB is over valued in comparison to WBC share price (SGB holders get 1.31 WBC shares). Remember that SGB is Cum dividend. When it goes ex dividend on 2 June, we would have another blood shed for SGB. I have SGB and hoping that WBC would pick up from its bottom and jack up SGB