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54.5¢ slater & gordon limited

Mighty well done....it is looking good.

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632 Posts.

19

30/09/15

10:17

Post #: 16086221
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Originally posted by Mightyatom ↑

We are making too much of the ASIC thing. Let's keep in mind AISC regularly audit companies (in excess of 70 a year) it is usually a confidential and private affair. Nothing is heard unless there is some malpractice that ASIC decide to publish by releasing a statement.

The only reason we are talking regularly about ASIC is because those with a vested interest, shorters, released information to the press (playing on Quindells troubles) making it public.

There won't be a grand sign-off from ASIC. One day when ASIC see fit they will write to SGH to say their review is concluded and thank you of the cooperation, nothing more. In theory they could conduct a review indefinitely, it is what a watchdog does. In practice ASIC don't have the resources or warrant such an expense so we will hear a simple statement from Slater and Gordon to confirm ASIC review is complete soon enough.

If it hadn't been made public by the press we would never have known about a normal ASIC compliance check. Can anyone name the other 70 odd companies who will have been subjected to a review during the past 12 months?

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Mighty well done....it is looking good.

SGH Price at posting: $3.06 Sentiment: Buy Disclosure: Held
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