SGH 0.00% 54.5¢ slater & gordon limited

missed the class action - what happens next, page-92

  1. 720 Posts.
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    Jim I think that you are getting your knickers in a knot due to a long term misunderstanding on your part.

    The amount going to each eligible SH will be the same no matter whether you registered early or not. It was always the case that the CA was on behalf of all elegible shareholders, whether they registered or not.

    The only difference is that people that don't register may find that MB don't make a proactive effort to find them and give them their share, I doubt that it affects the dilution, the amount you get was always going to be the total awarded, minus the amount that goes to the funders and lawyers, apportioned according to the number of shares you bought in the specified period (and if the early buyers are lucky maybe the purchase price will be factored in).
    Either way the amount disbursed for each holding is liable to be peanuts.

    And remember, the main reason that you registered early was so that you could find out what REALLY happened, not because you expected to get much cash back - you said as much quite a few times

    I was talking about the main amount recovered above, not the $4M extra. The additional payment will not amount to much IMO, not worth a frantic flurry of furious posts ...

    You should think yourself lucky in one way. About 95% of my shares were bought outside of the specified period of the current MB CA and I feel that the shareholders were being just as badly misled by apple pie statements combined with very poor information about financial progress. There may well be a case for a CA for the director's behaviour in the period after Apr 1st 2016. Whether there's any money left to award is another question.
 
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