AFR "report", page-47

Certainly interesting to get a uk accountants perspective. I am a retired Civil Contractor, the core skill in that game is managing risk. I often reflect on those that on seeing risk think that no matter would the outcome it's not worth the risk. Slater and Gordon's model is about managing risk. They are happy to accept the risk of failure and exchange for greater fees. This has tipped the legal universe on its head. I have read the psd capital raise disclosure presentation. It's not an overly difficult business to understand . The rta claims are easierly measure and calibrate, they observed the business for months. What is less clear is the nhil claims 55000 cases to be resolved. But even there Sgh has had more success off a much smaller portfolio. It would seem those resources will be deployed over time to rta cases which have cycling higher as per presentation.
So we have a report out of Newyork done by someone who can only access publicly available information. Hardly any concrete numbers in the recent afr article to add weight to any arguement. It should be self evident the growth that Sgh has sustained in the past can't continue. Everything is off a higher base.
I daresay those poor fundies who thought it was a good idea to pile into the cap raise are still sitting in the naughty boy corner. Imagine fronting up and promoting the idea , I know we have done our arses in April, I think we should go again. They won't be risking their jobs. Sgh suits me, at a discount and risks are diminishing. Like when you hear the crack of the rubber glove, time to be brave.