SGH sgh limited

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$43.85

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EtfTrader

305 Posts.

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17/04/18

11:10

Post #: 32499829
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Originally posted by ChristopherC ↑

Juust visiting the old stamping ground.

Jim are you still here warning others who have their fingers in their ears? I thought you may have been ready to move on from being the saviour of the deaf and blind.

To ETF and others, you need to listen to both sides of the story. I was once very positive on SGH and refused to believe that management would be so incompetent. However like now their were many people heeding the warnings and i wasn't listening to both sides of the story. I kept averaging down initially and had an average price of $2 or $200 based on the recent consolidation of shares. After a couple of really bad half yearlies, the penny finally dropped that we had bought a dud company in the UK that was leaking money like a sinking ship. Dont be fooled,this also had a big affect on the Australian side of the business as well. I finally sold some at 11 cents or $11 equivalent and another batch at 9.5 cents or $9.50 equivalent. I had about 25 per cent of my super portfolio tied up in this one so SGH alone caused my super portfolio to decrease by more than 20 per cent, so a big wakeup call and my wife continues to remind me about that money i lost on SGH if i mention the word shares.
Now there may be a turnaround story here but mum and dad investors own only a very small amount of the company so must be very illiquid.

But this will be a long term turnaround and is likely to have ups and downs along the way, so dont dismiss the negative posters as they could well be your saviour.

Christopher

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Thanks christopher for your views...Yes I am listening to the naysayers but I still want to be on this boat....I have just got in anyways so ready to hold on to it for the next 5 years

SGH Price at posting: $3.10 Sentiment: Buy Disclosure: Held
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Last $43.85		Change 0.010(0.02%)		Mkt cap ! $17.82B

Open	High	Low	Volume
$43.84	$44.25	$43.72	230.5K

Buyers (Bids)

Vol.	Price($)
447	$43.80

Sellers (Offers)

Price($)	Vol.
$43.92	100

Last trade - 16.25pm 17/07/2026 (20 minute delay)

SGH (ASX) Chart

SGH, page-51

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SGH, page-51

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