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AmbiGuity

1,825 Posts.

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05/09/16

18:44

Post #: 18943506
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Originally posted by mickeebee ↑

cheers ambi - purely got on as a former holder and offering my advice based on past experience (learnt the hard way) so mum n dada retailers like me dont have to experience my same costly burn. Billabong was just as unkind to me as this has been to the longers.

seen too many a stock fall from grace and want to simply caution others against a pie n the sky style false hope....momentum is your friend, and here, its plummeting south.

hope im wrong, but too many twisted tails for my liking. new sub-holders that are taking legal action, former owners cut n run and throw reverse takeover smoke screens to avoid litigation, too many "insider" shenanigans for my liking....seen it all before, smoke n mirrors.....seriously, how did the auditors not qualify the report?

agree - people who take thrill in loss of others should be ........H quartered....drawn, i simply dont want any1 getting fried like i have in the past.

opportunity cost needs to play a role - this is a binary call now, with bias to the south......funding to prop up bal sheet will become vital - all that sell speech about the asset sale as non-core - BS - they need to sell something fast to keep the creditors at bay!
your fat cats must get paid, remaining balance sheet mostly goodwill/intangibles..

GLTAH - seriously hope i am wrong, but it always works for the insto's who rinse n walk away (p&d style), at the cost of the "hopeful" retailers.

might re-enter, only on sustained fact and proof of turnaround, best to catch a wave on the ride up and sacrifice 15-30% (2-5c right now) rather than come in now when next year was forecast still at a LOSS...scary....

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Ahh, I hear ya....who hasn't been burnt? Nasty and bipolar market, couple that with managers (and the PR machines behind them) who think they know it all, and attempt to take it all, at any cost...
Agree with what you posit, and I think Sonand is attempting to do just that. Nevertheless, an interesting turn of events with the latest announcement...??

Take a walk along the BPT and contemplate the SRF, the tide may be turning for both.

SRF Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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dumb money, page-60

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