SGH 0.00% 54.5¢ slater & gordon limited

Ann: Market Update - lender discussions and trading performance, page-74

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,251 Posts.
    lightbulb Created with Sketch. 54
    Same sorry to holders who lost money. Even though I pointed out that SGS is all that they own and has no history of profitability (while @DrWho lied about it) it sucks to be proven right. This announcement has flagged another impairment in that business.
    That slices another chunk out of shareholders equity in a woefully undercapitalised business. Will be interesting to see what the directors think the business is worth this time.
    People who lost money weren't alone, it's not a lack of intelligence for me it's the method that most market analysts apply which is flawed.
    That's why I go on about it, I think the discussion should turn to how to avoid situations like this. The class actions will carry on better just go criusing or whatever and not think about it.
    GLTA.
 
watchlist Created with Sketch. Add SGH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.