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54.5¢ slater & gordon limited

Ann: 2016 Financial Year Update, page-86

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17/12/15

10:40

Post #: 16633414
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Originally posted by Caliente ↑

Acca - $100m headroom and growing if you read the ann again.

Are people really surprised that FY16 guidance is not likely to be reached? I'm not and I doubt the market was when it cut SGH to sub $1. This news is priced in at current levels. Guidance is going to be hard to predict, sure... but once again largely priced in.

I think it's a positive that the UK business has turned from cashflow negative to positive since the last announcement.

This is the key piece of information from todays document. Of course there will be the usual selldown, but I'm not budging.

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"Are people really surprised that FY16 guidance is not likely to be reached?"

Yes we are!
SGH management confirmed that TWICE in less than 2 months.
Now you tell how you can trust what he said?? how?

SGH Price at posting: 92.5¢ Sentiment: None Disclosure: Held
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