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54.5¢ slater & gordon limited

AGM soon, page-490

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Braintot

720 Posts.

7

22/11/16

00:26

Post #: 20778626
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Originally posted by Braintot ↑

Thanks Maz, brilliant!

So lawyer's weekly expects
1.5% of $23 B ie $345 earnings to go to S&G in Australia in the current financial year

and 1.5% of $3.3 B profits to go to S & G ie $49.5 M ie with 352.4 M shares, that's 14c profits per share in Australia alone.

And that is enough for the share price to go conservatively to $1.50 to $2 (comparing with low point at 2011/2012).

And never begin a sentence with "And" unless you are very excited.

If the UK contributes an equal amount, I would expect SP to go to $3 to $4 based on these numbers.

Do these numbers seem right? If so and it gets out SGH will be too expensive to accumulate soon. Need confirmation at AGM &/or Feb.

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Maz had sent this link:

http://www.lawyersweekly.com.au/news/19536-firms-market-share-revealed

When I wrote $345 earnings I meant $345 Million earnings in Oz (1.5% of $23 Billion), $49.5 M profit in Oz ie 14c per share (1.5% of $3.3 Billion).

Can add on earnings/profit in UK, maybe same as the Oz amount or more. Gives at least $100 M profit.

Does the article still seem right?

SGH Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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