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54.5¢ slater & gordon limited

HY results - put your numbers in, page-65

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kangaroojackson

31 Posts.

19/01/17

13:16

Post #: 22000199
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Originally posted by BarrenBuffett ↑

Banks had a pretty good hand to play at the time of renegotiation in April - they chose warrants and 2 yrs time period to let SGH get out of its hole.

The best result for banks is that SGH pays back its loan with interest.

It would be incredible if bank renegade on their promise after taking 17 mil renegotiation fees just 6 months before.

D4E is created by HC And picked up by AFR from here only.

Company has said recap not D4E - there are multiple ways to recap. Not every avenue leads to shareholder erosion.

Besides at these levels there is nothing for the banks to gain out of this. Issue 1 billion shares to get 125 mil - that would still leave the debt at 500mil + and would take their safe debt and convert into unsafe equity.

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Can't argue with this. D4e does not make sense at this level.

SGH Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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