SGO 0.00% 2.0¢ stream group limited

Ann: Non-Renounceable Rights Issue Offer Document, page-5

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  1. 1,073 Posts.
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    Hi Crokedit. To be honest I rarely think about them other than to read their announcements. I originally brought some when they listed out of Long Group.

    I liked the prospectus. They had super growth as a private company. Seemed to have a good management team. Were building a niche service business in insurance. Had a sound business plan. Asked for some money and I gave them a small amount.

    If I hadn't brought at the time I wouldn't know they exist.

    I still think they know what they are doing so the low volume price movements in an unknown stock amongst thousands doesn't keep me awake at night. Their announcements indicate to me they have a plan and are executing it. I don't think they listed to fail.

    It was just an accident that they were in my investment universe when I brought in the float at $0.20. For anyone looking now they are about 1/2 the price, still unknown and still executing their plan to build a successful business.

    If I was looking at them now, I'd read the prospectus and the cap raising document and weigh up if the current price was a compelling opportunity to take a punt. Most of the shares are held by the vendors so I read nothing into the small number that dribble through as trades in a $17m MC business.

    As I said in an earlier post: Act of faith really. I consider myself a small seed investor

    Good luck with your deliberations
 
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Currently unlisted public company.

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