So that's a yes isn't it Ash I was one of the "crazy" ones who warned about SGH and had the intellectual circle jerk of stale bulls and rusted on longs like yourself pillory me for it.
Then I waited for SHJ to fall to 55c before I took a stake but that was just "lucky" as Tim puts it.
So then crazy must surely be a badge of honour when you guys define it for me, in your doublethink kind of way.
Where freedom and democracy means corporate bailouts, government capture, and wage slavery.
Where entrepreneurship is managerial beuracratic aristocracy and the old boy's club of directorships failing with billions of dollars of other people's money.
I don't mean to poke an old wound or resort to ad hominems but maybe people living in glass houses should be careful when throwing stones?
Yes, nightmare although this is a little of the TWR thread they are related it seems resonable doesn't it to think that they would act in this way. The risk of earthquakes is still very real and present, perhaps in 20 years that may change but for the time being because it is in people's minds so from an investment perspective it is no longer a risk.
Or perhaps it was just luck again.
I still honestly haven't had time to run the numbers on the company which is disgraceful but in these takeover situations when you are holding a strong company recent experience tells me to hold.
Worth recalling what the takeover offers were last year after adjusting for raising (maybe 91c?), if that eventuates it would be nice but holding also for dividends is great. They have promised to resume them.
I had to reduce a few TWR into another fantastically good investment which I won't disclose but I still have 80% of my original position.
I certainly didn't like seeing the debt increase at SHJ in this last half or the disbursement funder pulling the plug but I suppose it's just in the timing of receipts and no major stress.
GLTA.
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