Some nice charting there. I have been watching Sig for quite a long time.
I got in for the DIV and looked at the numbers & thought, fair value of around .85 to .95 give or take a few cents.
Then the algorithms started coming in and found Sig today at #85 on the top 100 hit parade for shorts. http://www.shortman.com.au
So onto the phone I went to have a chat to Gary Woodford at SIG.
Although they can not tell you how things are going with The warehouse which I'm assuming is behind the short, but the team at SIG are not worried in the slightest about the pending resigning.
Well run company that is about to expand, keeping all its clients with a few more coming on board, making a profit and paying divs with a PE of at a guess around 10 by now with this SP.
Im holding firm and if it falls further its a gift and load up on some more.
I would be interested in some info and more charts here.
All the best to all
SIG Chart, page-4
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 (20min delay)
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Last
$2.89 |
Change
0.110(3.96%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $2.82 | $2.92 | $2.76 | $22.11M | 7.733M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 509791 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 226186 | 6 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SIG (ASX) Chart |
