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SGH

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54.5¢ slater & gordon limited

Braintot,I totally agree with you on every point...there's going...

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Pos98

395 Posts.

05/12/16

13:11

Post #: 21108230
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Originally posted by Braintot ↑

"Folks how many were here touting VA, CR and NO ESCROW etc etc for the last 9 months. Here we R PIP done SGH alive and kicking, 2H last finncl yr delivering brk even."

AND many doom-sayers claimed repeatedly early in the year that the banks would pull the plug on the loans when it was fairly obvious that the loans would continue as S&G is a cash cow that the banks can milk for years.

And folks claimed that the CA was going to ruin S&G except that
(a) MB said that they didn't expect ruination to happen (even in the unlikely event of an MB win) and
(b) since it wouldn't be settled for several years even to launch a CA is kind of a vote of confidence from MB that SGH would be around for long enough for MB to milk them too and every year that SGH survives means that the chances of long term survival and of the punters doing very well with SP and dividends increases by a lot.

I still have a buy order in for 29c just in case it makes it there briefly. The order's been there for 3 months but the likelihood is that it will never get filled before the market wises up to these shares and the big boom badaboom kicks off.

I might just try to stop looking at the prices until Feb 2017. Or at least not bother checking daily (or twenty times a day), it doesn't really tell you anything most of the time.

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Braintot,I totally agree with you on every point...there's going to be no CR no debt for equity swap.has anyone stopped to think management have massive holdings,and the last thing they'll want is to have their shares diluted...another thing,maybe CITI sold their debt because SGH are going to go after them as well,with themselves being part of the flawed DD.think about it.

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

0 Great analysis

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Braintot,I totally agree with you on every point...there's going...

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