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Another good day on the markets...SGI....not so good, usual tumble weed.
Perhaps a new found BEAR is right. "Pitiful", indeed.
I think it's a fair approach GP. I think it's going to be more investable once we have figures that reflect a full years post-covid trading, so March/June 22. If the figurers are "knockout" in October it might be worth a punt.
I don't think they are going to turn that balance sheet round in 6 months, so yes they are going to be cash negative for most of '21 and unable to service their debt. The issue of course is that you have to considered that spread, so even if that last 6 months carried on the "less bad" theme...how Peals interprets that in to turn-over doubling is a bit beyond me..then you could see the share price rise and your profits cuts by the spread IF there's the usual liquidity. I'd work on a double digit spread when making any future estimates.
On balance, I don't see any evidence to suggest treble digit growth in turn-over, there was no suggestion in the last RNS that the company was predicting that kind of performance or a substantial turn-around, so on a risk adjusted basis it remains nothing more than a gamble. Nothing wrong with that, BUT if we are in a upward super cycle for markets and commodities .....fastest growth pace in the UK for 70 years according to the BoE...then there's just going to be easier pickings else where. Of course that won't help Pearls, who said in a previous post was thinking about throwing in the "towel in" on SGI earlier in the year and the covid-lock-down would be great for SGI! That's migrated to "pitiful" performance now reality has dawned.
Appreciate all points of view. Pearls, I'd hope you're right... Because someone isn't.- The share price is 2.95.
In last RNS they said: 'However it is important to note that at the current time the business continues to be cash negative...' So maybe some more hope in the results towards the end of year... Maybe next year indeed...
I need to be cold-eyed here.
Just one trade today. Would we consider that "pitiful"?
Overall, positive day for the markets. You'd think they have picked up this super high growth company by now wouldn't you......no movement for SGI and just 1 trade. That blows efficient market theory out of the water ;)
Why are you being so negative about last year? The figures aren't even out yet, but you still call the performance "pitiful".