SGH 0.00% 54.5¢ slater & gordon limited

debt covenants, page-58

  1. 25 Posts.
    Hi Copter
    Agree, that's what interested me to invest in the first place.
    However, when you record profits bt of $ 114.5 million and $ 112.2 million is due to bookkeeping entries, management valuations, some call t creative accounting, then I need to reconsider.
    Moreover, if $ 142.8 million profit has already been booked from WIP , most of which will become realized in 2016 and 2017, plus given the other factors, I quit. I must say I found these actions unimaginable from such a prestigious law firm.
    But, we are all human and fallible.
    Jake
 
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