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Community


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Online Share Trading

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What's up with SPG?

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Not applicable
Can anyone tell me what's happening with this share? Seems to be huge volumes traded over the last two days and price falling. Any idea where to from here?
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5 REPLIES 5
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Super Contributor
Before anyone gets the idea to botto feed. In the opinion of the forum will this share make it through the current economic crisis and will this share recover with the market?
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Super Contributor
It's highly vunerable to a corporate raider right now - maybe one of the bigger boy's in the transport and logistics space. Someone like IPL or VLE .
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Super Contributor
Worth a punt at 50cps in my view. Fully underwritten rights issue addressed gearing and concerns about sustainability. Historic PE on a fully diluted basis on continuing earnings comes to 5.7x. SPG is highly geared to any improvement/recovery in the domestic economy and Lipschitz is gone.
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Super Contributor
Seems to be on the way back to +60cps.
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Super Contributor
Agreed. I bought some earlier in the week and will happily add if it drops.
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