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54.5¢ slater & gordon limited

Ann: Market Update, page-133

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8horse

34,354 Posts.

9149

29/06/15

20:55

Post #: 15551351
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Originally posted by insomniac ↑

Eps growth means nothing if it comes at the expense of cashflow (over an extended period). Basically SGH eps growth is being paid out of cashflow...which is unsustainable. This is why Andrew Greach says the acquisition of Quindell is transormational. They have bought via equity in the main. So if it comes off finallly they actually get cash...and the business has been transformed. But the size, complexity and the queztionable nature of the operations, mean there aRe serious doubts and hence the shorters, about this transformation occurring and if there is no transformation then goodbye SGH as we know it. Okay perhaps overstated, but it makes a point, that i am again hoping so eone will refute, so I can buy in.
Re the WIP my understanding ezp. Re Quindell is the opposite.

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Is normal WIP is almost twice of annual revenue?
$983m WIP versus Targeted annual sales of $520m

Is billing period taking over 12 months?

SGH Price at posting: $3.78 Sentiment: None Disclosure: Not Held
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