Been away with little Internet access. Yes SGI's website looks pretty good to me. Had a good look at the coins and stamps they sell, certainly got some top quality products. They even have some Silver bullion! Don't know what there margins are though. I have some cash also waiting to perhaps buy back in. The bears still look very much in control at the moment with the SP possibly going 200p? Do you have a target in mind or will you be waiting to see what the SP is come October, early Nov?
Just got back from a week's holiday & find carnage everywhere. Afrc - I suspect China stock market rout is cause for SGI SP drop. There were high market expectations from the Hong Kong office & we'll only know how good/bad trading has been when the interims are released. Strikes me there's a good opportunity here to buy at the bottom in the coming weeks.
Whats going on with this share.This company has lost 30% of its market value in the last 3 months or so.The non sale of these high value items which was supposed to justify part of the fall does not make sense for me.For me this has been a very disappointing investment and i dont believe this has reached a bootom!
22 Aug '15
Davbro: yes I follow this SP only second to AUE. I have dipped on & out since we last spoke making small profits. I feel the SP is following the general trend, eg Footsie in last 3 months has dropped from over 7000 to around 6180. I have cash waiting for a low point before the interim results around November. A big sale was achieved in April (was originally expected in last FY) so I believe good results will be reported. Have you looked at their new website? Some nifty ideas there.
21 Aug '15
Do you still watch this share? Any particular reason for the continued fall? From a chart point of view 217p is a strong support level, or could we see sub 200p which would look a good buying opp? Thoughts?
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