SGH 0.00% 54.5¢ slater & gordon limited

Got legs, page-326

  1. 100 Posts.
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    Did you read the annual report??? It's already turning a profit, and improving efficiency. From pg 18

    "• SGS delivered positive $3.3 million normalised EBITDAW for FY16. There was significant improvement in H2 performance with normalised EBITDAW of $27.3 million compared to a $24.0 million H1 normalised EBITDAW loss.
    • Management has driven consistent quarterly improvement in claims handling and resolution activity in SGS Claims, resulting in a 30% improvement in total billed revenue (from Q1 to Q4) in RTA claims underpinned by a substantial improvement in case handler productivity.
    • While NIHL resolution levels remain lower than anticipated when the business was acquired, management has made significant progress with internal process improvements and engagement with key counterparties.
    • Management has delivered consistently high levels of service performance to partners in SGS Motor and has made steady progress in reducing aged debt levels.
    • SGS Health has performed broadly in accordance with expectations given intake volumes, benefiting from Group synergy opportunities and a stabilising operating environment."
 
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