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54.5¢ slater & gordon limited

P/B Ratio is currently 0.23, page-26

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NotthatWarren

1,720 Posts.

84

27/11/15

21:14

Post #: 16498473
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Originally posted by GC8 ↑

I can't see how they can get out of this without a CR in the short term. They are already desperately short of working capital and they will have to reduce the debt in the near future. This action can act as a reset button together with a cogent forward plan and also provide the opportunity for a clean out at management level.

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Morningstar has forecast FY16 earnings 60% lower the Managements forecast. They have also said no dividends for 2 years and a possible highly dilutive capital raise.

And Morningstar has had a strong buy on this stock until the last week - they have been big supporters.

SGH Price at posting: 69.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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