SGH 0.00% 54.5¢ slater & gordon limited

Long Position, page-103

  1. 1,786 Posts.
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    Another thing to consider about the "38 cents " is that since the loan was taken out, if it was in pounds the currency movements have moved against it eg if Citibank had lent £48m in May 2015 or $A100m that same loan would have been worth £48m or $A76m last month. Then they received fees to reset it. Maybe they have a directive to reduce U.K. Exposures who knows. The AFR is incorrect anyway because the deal has not been done according to IR. Yet another example of made up media BS. This company is a great long term investment because there is so much incorrect negative BS weighing on the stock price
 
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