I was just going through the financials of the top DIV sectors and SHL seems to be the most pathetic
Im one of the IPO victims, having SHL shares worth 100k at 29. Which worths now on 44k. Still heavily dissapointed.
Im actually not dissapointed from this market crashing down or free fall moments. I would understand and have a peice of mind, since this is correction and it will recover . None of coudnt avoid buying shares and attractive prices and expect this blood bath. But this seems al rite to me. It because we couldnt predict.
But what hurts more is this bloody IPO. It was my last IPO i touched, and sadly I have burnt my fingers, and Im sure many of you have too.
the main reason was because, we were dumb and illiterate, following a blind herd which bought us to this state. It was cleary our fault, I myself gambled on this shit stock. Now having much better expericne and much more and better knowledge, looking at this IPO stabs my heart for not reading the prospectus deeply and just following some mad dogs word.
Till now, this company current ratio is below 1, Debt ratio is high, basically this company at the moment has less assets to back its liabilities, and its still over valued at 12.9
What I request from the new comers and the existing members, before investing in anything, investing in knowledge, invest in studying new things, this is your valuable asset.
I strongly recommend people to attend the CCM course conducted by SEC. Its one of the best things they have done, by trying to educate, and they are pretty much very good at what they do, including teaching. It will be an eye opener to everyone. The main reason for our market to be like this is because 99% of people have money but not financial literate or literate at all. The 1% are the smart people and money who have spent by investing in knowledge.
Back to softlogic, I still wonder what I should be doing, dump the stock, or just hold on to it. Because averaging is not a option for this stock. This is junk for now. nor i dont like losing money! Losing big , no not at all.
I hope SHL and its managemnt come up with a great strategy to cover up its debts and creat a better strong cash flow. The business in outer picture looks prettywith branded companies, hospitals etc, but their balance sheet is a dark hole for me.