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54.5¢ slater & gordon limited

Ann: SGH FY17 Results Presentation, page-140

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Successwillcome

2,060 Posts.

312

01/09/17

15:47

Post #: 26936808
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Originally posted by zwu ↑

The purpose of creditors to inject $50m into SGH is not to keep the company alive for the benefits of the present shareholders, but is to rescue their own bad loans which are worth many times more than the $50m.

So they don't mind at all if the Market Capitalization (MC) of their 95% of total SGH shares would drop under $50m. The most important thing for them is to keep SGH alive to continuously repay the interest on loans to them. They would never mind if the whole of $50m were used to repay the interest.

This is the reality of the present situation.

So what the present shareholders will get at best is only 5% of the $50m, that is $2.5m, which is only a 1/10 of the present MC. Or in other words, the present shareholders value will soon be reduced by at least 90%.

Say if you have $10k in SGH shares now, it will be under $1k soon.

Please everyone don't ignore this post.

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Be aware of puppets on this site.

They are not what they say they are.

My shares are valuable as they have a voting power attached to them.

And I say NO to the recap proposal.

I will tell those yanks to go jump.

This is Australia. The country of a fair go.

SGH Price at posting: 7.6¢ Sentiment: Hold Disclosure: Held
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