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54.5¢ slater & gordon limited

Cato better off sell in the morning for whatever damn price Buy...

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sprooker7

2,050 Posts.

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01/03/16

16:37

Post #: 17157482
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Originally posted by Cato ↑

Look...
I cant say im right..we never can..

I can say few things,and all them based and common sense

a) the company have work in progress and "some" become cash
b) the company informed the market they will cut costs.
b1) obvious they will cut at limit to make the money IN become bigger than money OUT, correct ?
c) the banks talk about (2017) that means the company have a full year to plan,to adjust,to convert, to leave the days going and dissipate all that
bad environment
d) after some number the company become much more than a bargain... If we convert today all WIP and give goodwill value for a positive cash flow,this is certainly much more than 0.30
e) the sellers are the ones that rush first days,..after some momentum the volume of sell just stop and naturally the price rebound by lack of sellers

I'm in... I cant say if I will make profit or loss..I can say I'm in conscient about the risks,and to me... worth !

Cato (average buying price 0.325,,,stop loss 0.285)

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Cato better off sell in the morning for whatever damn price
Buy the missus some hot lingerie and a nice dress, drink dance get some wine, go for a long cruise somewhere nice mate - or just jetset somewhere tropical

FFS - GET OUT!

SGH Price at posting: 31.5¢ Sentiment: Sell Disclosure: Not Held
11 Upvote

0 Great analysis

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