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54.5¢ slater & gordon limited

Given up on SGH, page-58

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nhawk

528 Posts.

03/02/16

20:07

Post #: 16934717
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Originally posted by ashleywd ↑

I've been spending the weekend thinking about this, following the drop in SHJ.

If you look at SGH, they have entered into negotiations of a debt restructure (yet made no announcements). They cannot release cashflow figures, a revaluation of WIP is still underway and has been for some time. New Guidance has yet to be released and is still being calculated... The market has been trading uninformed and has been for some while.

I predict a lot of pain for SGH shareholders. At least SHJ were prudent and have been nothing but up front with how they've handled themselves per Investor Relations.

To me SHJ offers a lot more value at this point in time. I still think SGH can turn around but it will be a while and other firms will drag them through the courts over their incompetency.

AG must step down, the board must step down for failing to act.

What an absolutely useless company. Today I sold and replaced all my stocks for SHJ who at least have the intelligence to get on top of things before they get out of control.

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ashleywd did you actually go ahead with this?

SGH Price at posting: 56.0¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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