Firstly, welcome back Technical. It good to have you back with all the entertainment and positivity. It brighten my day with all this troll around.
I thought I cut and paste part of the 17 Dec announcement. I not quite sure why people think SGS will be 100% write off when they are inline with management expectation. I think people just over react.
17 December 2015 2016
Financial Year Update
Slater and Gordon Limited (“the Company”) confirms that Slater and Gordon Lawyers (Australia) and Slater Gordon Solutions (SGS), excluding noise induced hearing loss (NIHL), are continuing to trade in line with expectations. However, lower than expected trading results in segments of the business in the UK in November, coupled with the commencement of a review of the Company’s approach to financial forecasting by new Group Chief Financial Officer Bryce Houghton and independent advisors appointed by the Board, has resulted in 2016 financial year guidance being reconsidered
SGH Price at posting:
83.0¢ Sentiment: None Disclosure: Held
