RE:RE:Facts for the idiots Fuergo and Pierre
Believe it or not I have respect for your posts and see some truth to your comments while others maybe some mis belief or guidance.
Yeah the results from today were pretty much standard of what to expect from SNC. I didn't get excited or down much from todays ER or cc.
I was prepared to dive head first in SNC if we hit $20 sometime today similar to the $4 drop on last ER where we dropped from $29 plus to $25 where I had my limit price. That was a long shot that paid off for me. Yeah you take long shots in markets and if your order gets filled on those excessive discounts to where you believe intrinsic value belongs then you take those gambles imo.
You made a comment today that the CFO sold 10,000 shares a few months ago means very little. People in those positions sell many more shares in their cimpsnies for any number of reasons as you know. Not worth mentioning here as you already know. Those guys make much more money than that drop in the bucket.
The fact of the matter is that the stock today just briefly pulled back "as expected " each time SNC reports these ER these days. The stock increased end of day by .20. Not much I know but still something to build on as I think the market is finally starting to get a glimmer of hope that the worst is truly behind us and that this may "potentially" be the start of the uptrend. If it is then my guess is that it will be a slow and gradual move up with cautious optimism the name of the game here. We finished another qtr so my guess is we will be significantly more clear where this company really belongs by the time we report 1'st qtr 2023 results (around mid May 2023). Most of the LSTK are done and the results should be confirmed if what Ian says is nothing to worry about and the $300m they disclosed are very sound abd ssfe.
What would help move the stock upwards on a more "v shaped recovery?" It could be any number of my 6 or so comments I posted a few days ago. The biggest imo is replacing the CEO and this BOD both of which I consider a joke in this space. Ian probably handpicked these directors and the BOD so not sure how many are independent BOD verses those hand picked by Ian. Get rid of those overpaid baffoons and we start getting some form of liftoff as the market these days likes change just for the sake of not listening to the same jibberish over and over again on these conference calls. They don't do much for anyone imo. We are all used to the talk. We want to see results!
With another qtr out of the way and the results not catastrophic but not stellar much either today, they were certainly something to build and grow on and my guess is we truly have turned the corner.
The value of SNC's assets truly outweigh the risk profile or current share price. If this CEO and BOD can't unlock that value then they need to be replaced. A smart and opportunistic CEO out there already knows how to do that with SNC and my guess is that will happen by end of next year at the latest if not this year. If you can't sell this company today as a whole over a pathetic $23.60 price then break up the company and sell it off piece by piece. The value there is a no brainer. I find it hard to believe all these "fat cats" at SNC haven't figured this out yet and need a guy like Gabriel to point out these matters or present case studies to them on unlocking value for shareholders? This is too f'n pathetic we have these morons running this company. And we have these 3 large institutional investors that hold what 47 percent of this company and we don't here a peep out of them? Another bunch of losers imo. Don't they have to report on the success or failures of their investment portfolios every month or qtr at least? That's why this world is so f'd up. People accept things as they are and dont hold people in charge accountable for results or their shareholders.
This could all be and probably is an orchestrated game plan to enrich the powers to be within SNC as well as an already picked "suitor company" who will buy SNC on the cheap at the expense of retail shareholders. With my avg price of just over $25, I am very happy to continue to hold here. Time is on my side and nothing to worry about. The mystery will be unravelled by end of next year my friends.
Ron