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SGB - Any reason why its plummeted so much lately?

Discussion in 'Shares' started by Sk3tChY, 19th Dec, 2007.

  1. Sk3tChY

    Sk3tChY Well-Known Member

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    Just wondering if anyone know why SGB has basically dropped to its lowest point in 12 months?
     
  2. Redwing

    Redwing Well-Known Member

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    CENTRO exposure :confused:
     
  3. Sk3tChY

    Sk3tChY Well-Known Member

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    Whats that?
     
  4. DaveA

    DaveA Well-Known Member

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    do you live under a rock???

    Actually SGB has first mortages over centros properties so it shouldnt have a huge impact if centro went under...
     
  5. Sk3tChY

    Sk3tChY Well-Known Member

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    Heh, no I'm just new to most of this, and unfortunately haven't been keeping a close eye on my shares lately.

    So what exactly is the go with these centros property things?
     
  6. Glebe

    Glebe Well-Known Member

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    google news is your friend

    Google News

    Learn to help yourself before asking others for help.
     
  7. Sk3tChY

    Sk3tChY Well-Known Member

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    I see...

    So this doesn't look like its gonna be ending anytime soon? SGB will continue to drop for quite some time?
     
  8. crc_error

    crc_error The Rule of 72

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    who knows.. I would say the market has just over reacted of late.. the current time presents good opportunity to buy!
     
  9. Sk3tChY

    Sk3tChY Well-Known Member

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    Exactly what I was thinking...

    I was recently planning on putting another $10k into my portfolio.

    I was originally planning on either investing in CBA, BHP or WOW, but with SGB as low as it is atm (lowest in 12 months) it looks like a VERY good time to buy.

    The only question is, how low will it go?
     
  10. crc_error

    crc_error The Rule of 72

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    Perfect, now is a great time to top up.. if you were looking for a entry point, now is the time to get in at a discount.. are you getting in at the bottom? who knows, but you are getting in at discounted rates!
     
  11. Sk3tChY

    Sk3tChY Well-Known Member

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    Of course, now looks to be a great time to buy, although I may wait till the week is out to see how things go, I'm thinking it still might drop a little more.

    Then I just hope it doesn't take to long to get back up.

    Now I gots to transfer money over to my CDIA account and prepare myself!

    I just hope next time I got the money to make another injection SGB doesn't drop again, I've been wanting to increase my holding in CBA, but with SGB this low I can't pass up the oppurtunity.
     
  12. crc_error

    crc_error The Rule of 72

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    and then the horse might bolt!

    Look at centro.. bottom was 50 odd cents, and today closed 82c..

    when the horse runs, it bolts!

    prehaps but a portion now, and leave some for later..
     
  13. Tropo

    Tropo Well-Known Member

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    To Sk3tChY and crc_error....Are you both a taxi drivers? :confused:
     
  14. Sk3tChY

    Sk3tChY Well-Known Member

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    True.

    Well regardless, theres no way I can have my money transferred into my CDIA account before like, tomorrow afternoon, so i'll just have to hope for the best.

    I'll see how things are looking on Fridays close, then Sunday night, Monday morning put my order in and pray for the best. :p
     
  15. Sk3tChY

    Sk3tChY Well-Known Member

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    Would you be jealous if we were..?

    If so... Then yes. :)
     
  16. The Stig

    The Stig Well-Known Member

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    Aren't Taxi drivers allowed to invest and discuss investments here?
     
  17. crc_error

    crc_error The Rule of 72

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    yep.. a taxi driver who bought at 50c and sold 80c a day later.

    all the 'professionals' got it right over the last week didn't they! 52 billion wiped from the markets???
     
  18. Tropo

    Tropo Well-Known Member

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    Should I be jealous?:eek:
     
  19. Tropo

    Tropo Well-Known Member

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    Sure. They even should. It’s a good fun.:p
     
  20. voigtstr

    voigtstr Well-Known Member

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    A mate at work just bought $1600 worth of shares in centro (as of yesterday) he's already made a 10% paper profit I think.