The SGR share price may come under renewed selling pressure this morning after the AFR & SMH, probably to name a few, ran a story that they disguised $900mn worth of Chinese high roller transactions as ”hotel expenses”, must be some rooms & wine! The more they get caught breaking rules the greater the regulatory cost down the track plus some of the press are again suggesting the company could lose their licence, it’s simply all too hard in MM’s opinion.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM is neutral SGR
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