SGH 0.00% 54.5¢ slater & gordon limited

SGH sell UK asset, page-16

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    2013 $13m
    2014 $27m
    2015 $35m

    Then 2016 massive expansion - adoption of close to cash accounting and a depressed SP (many factors leading to that)causing goodwill impairment threw a spanner in the works.

    It will come out the other side a leading force in UK consumer law plus branching into business law and complimentary services

    The debt burden is killing interest in the stock but that can be addressed with a little good fortune and focused management.

    So yes the UK does earn money. Despite the short-term 15/16 headwinds in legal service its complimentary motor/health business did earn money.
 
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