I kind of like your "over simplistic" assessment and as Chartsshout says based on your arithmetic, that a 30% rise in SIG's current price valuation puts it at circa 80 cents roughly back where it started when the announcement on 2nd of July came out. Should that happen in the near term future I shall be a pretty happy camper just quietly, and that is in the absence of any positive news that may yet come out. Fingers crossed all the bad news is over.....We also appear to be subjected to a pretty tidy FF dividend going forward and given the aim is to pay out at an 80% ratio of profits it appears that a divvy is not under threat at this stage although it appears to be reducing over the next few years just depends on whether they can scratch back additional profits when CW contract expires. The return of 300 million to the company as working capital after June 2019 when CW contract expires pretty well eradicates all debt if they chose to. The buyback remains open but not active currently and shorts still need to cover. To me that equals a pretty healthy increasingly diversified company going forwards so I reckon I'm going to hang in there for some time and see just how far SIG can go up. Looks like strong buying again today as the price grinds onwards and upwards. Don't imagine the company price will drop too much as it goes ex dividend as it's only 1.5 cents so that's just an added bonus. At this stage I'm glad I picked up 100000 sub 50 cents. Perfect storm will be a series of positive announcements, new longs coming in, recommencement of buyback and shorts being forced to cover...and yes precious little discussion going on here. Chartsshout is having too good a time on the MYX thread!!!!
SIG Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held
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