Agree @Tom73 relative "Buy" / "Sell" volumes are crazy.

Just announcing that they are going to announce their results seems to have reminded a bunch of buyers that their trades haven't gone through, so presumably they've upped their price limits wanting to get in ahead of the result.

Welcome to the world of dividend-paying micro-caps!

I hope the result is half-decent. It will be interesting to see how the acquired business is performing, as well as any word on progress on the captive $60m revenue opportunity.

Disc: Held in RL and SM

Boom! You love to see it @Tom73

Shares are still rather illiquid, so today's gain could easily be reversed. But enjoying the pop for now!

We'll see what they say when they report, but based on the midpoint of the guidance (or more correctly "goal") issued at the AGM, they are on a forward PE of 16.8x.

For a company that's expecting revenue and profit to grow at ~40% & 155% (respectively) this year, it hardly seems demanding.

Keen to see more evidence of margin expansion/operating leverage.

@Tom73 @Strawman, today $SGI closed for the first time above my central case valuation ... but then there's that beautiful asymmtery!

Well it just hit 4x for my RL portfolio and is still around 25% under what I have as my base line valuation on assumptions well under where Mike has been spooking...

It's starting to look very weighty in the portfolio but I haven't got any plans to trim currently - all pending on the H1 results and any new information of course!

@Strawman volume yesterday was about 240k shares and about another 230k so far today, which is way above average but still small fry in the grand scheme of things. $SGI has for some time had quite a few buyers waiting to get in at low SP and relatively few sellers holding out for higher SP. So someone (or several someones?) has gotten tired of waiting and agreed to step up an take the plunge....maybe triggering a little mini-FOMO?

Like you, I'm not complaining!

@Strawman, your Equity Mates interview went live earlier this week, in which Stealth was one of your 10 buys. Maybe Stealth reached a new audience? Gradually then suddenly. Even now though the price isn't stupid. But maybe getting close to fair given risks and illiquidity. Plenty of upside even if Mike only achieves half is vision. And a modest increase in NPAT to $2m would still only puts them on PE of 10. We may see price dip if this bump brings out sellers.

Ha, maybe I should invoice Mike for the investor relations work!

I have mentioned it on several other pods and Ausbiz appearances over the last year or so, and that never moved the dial.. so I'm not sure I can claim credit. Maybe because I was also talking up other greatest hits like Envirosuite, Catapult and Pointerra...

Can't wait for your next buy hold sell episode, but this time with 10 sells in it. :P

It should be obvious by now that anything I label a "Buy" is more likely a "Strong sell".

The inverse Strawman portfolio would have had a cracker of a year!

I think you modestly underestimate the power of your jawboning @Strawman !

Fascintating behaviour at $SGI.

Consistently over the last two weeks, there have been around 5 buyers for every seller, and pending buy orders to sell order volumes also around 4:1 to 5:1.

But this morning its got even tighter. Buys in the queue up to 1m shares, up from typically 0.8m, but the sells having almost dried up.

Glad to be on board, but just wishing I'd done so with a more meaningful position.

This may have more to run. As the price advances, the buy queue keep upping their prices, hoping for the inevitable (?) pullback.

Disc: Held in RL and SM

My sentiments exactly. I thought I had another 3 months at least and had been slowly picking up shares with lowball bids but was about 60-70% of the way to my desired position sizing. I now find myself, in under a couple of weeks, being at the point where I’m approaching selling down to maintain that position size!

I was always anticipating (read: hoping) that this push would occur; hence, I have been a long-term holder, and IRL have kept dollar-cost averaging in. Like everyone else, I am thrilled to see the expected (again read: hoped) gains starting to materialise.

What will be interesting, as you touch on @mikebrisy, is if this is FOMO or the market finally starting to recognise the quality of $SGI. Either way, I am quietly hopeful that the share price will be higher in 5-7+ years, so I will keep dollar-cost averaging regardless of what the share price does in the shorter term.