-
Share
2,060 Posts.
312
24/05/17
06:12
Share
It is certainly full steam ahead for SGH.
I appears that VW wants to put in a little fight in relation to the group action in the UK
http://www.autoexpress.co.uk/volksw...compensation-is-your-car-affected-latest-news
https://www.slatergordon.co.uk/comm...ation/volkswagen-scandal-legal-investigation/
SGH is a major player in that group action.
Bigger fight = larger fees (if we win - I don't think we would go ahead on this if not a proper claim).
We are now also advertising on channel 7 prime time (yesterday was channel 9 prime time and a couple of weeks ago it was channel 10 prime time).
Why would we burn all this cash when the end of year is coming up and we suppose to look good in our financials?
Maybe we are not short of cash? Maybe now we are going to get back to the $900mil revenue.
What does that give with a conservative 15% net profit margin? ($135mil profit)
All in my opinion
-