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54.5¢ slater & gordon limited

Ann: Becoming a substantial holder, page-100

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jimk3758

23,799 Posts.

83

04/01/18

22:17

Post #: 30053345
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Originally posted by Braintot ↑

I as usual know little. Just used Jim's figure. But if sgh only owe $100M now then there would have been say $400 to $700 M written off. Or swapped for 66 M shares. If the writeoff was $660 M then they valued each share at $10? Or is that 10c each? Even at $10 most LT holders would be losing a lot what with their atrophied bundles of shares.

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Pre-recap $761.6 million debt owed. Post-recap ~$125 million debt owed.

Debt reduction ~$635M for 95% of AU and 100% of UK.

Read here.

SGH Price at posting: $3.25 Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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