Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest update is out from SGH ( (AU:SGH) ).
SGH Limited has disclosed that it has ceased to be a substantial holder in Raiz Invest Limited following a change in interests held by associate entity Seven West Media Investments. The group clarified that it and its subsidiaries do not directly own Raiz shares, but were required to lodge the notice because of their association with Seven West Media Investments within the Southern Cross Media Group structure.
The change stems from an off‑market disposal of about 6.18 million Raiz shares at $0.585 per share by Seven West Media Investments, which reduced the associated group’s relevant interest below the substantial holding threshold. SGH noted that its interest was only a deemed relevant interest via its stake in Southern Cross Media Group, and that its ability to vote or dispose of the Raiz shares had been limited, signalling a reduced indirect exposure to Raiz for SGH‑related investors.
The most recent analyst rating on (AU:SGH) stock is a Hold with a A$42.50 price target. To see the full list of analyst forecasts on SGH stock, see the AU:SGH Stock Forecast page.
More about SGH
SGH Limited is an Australian listed company on the ASX that holds investments through subsidiaries, including Network Investment Holdings Pty Limited. Its portfolio has included a significant stake in Southern Cross Media Group, giving it indirect exposure to other listed entities through associated holdings and investment structures.
Average Trading Volume: 516,680
Technical Sentiment Signal: Buy
Current Market Cap: A$16.26B
For an in-depth examination of SGH stock, go to TipRanks’ Overview page.