Slater, Intangible asset increased by $1 billion in 2015 due to UK acquisition.
I simply avoid for three main reasons:
1. Earning concern, guide withhdrawal and negative cash flow for first half year, negative cash flow $30m - $50m was aired by media
2. Net debt was $630m in 2015, currently would be around $660m - $750m
3. Two class actions against CR $890m for acquisition PDS.
In late March, Slater & Gordon announced it would buy the PSD from Quindell for $1.3 billion – a price that suprised Quindell investors who had witnessed a share price plunge and revelations of accounting issues emerged.
Slater & Gordon conducted its own review of Quindell's accounts which it determined was "aggressive", particularly in relation to hearing loss cases.
The ASX-lised law firm restated Quindell PSD's full year earnings before interest tax and depreciation from £289 million to £70 million for acquisition valuation purposes, with £200 million of that restatement relating to the hearing loss unit.
- Forums
- ASX - By Stock
- SHJ
- Ann: Market Guidance
Ann: Market Guidance, page-98
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SHJ (ASX) to my watchlist
|
|||||
Last
71.0¢ |
Change
0.010(1.43%) |
Mkt cap ! $123.0M |
Open | High | Low | Value | Volume |
70.5¢ | 71.0¢ | 70.5¢ | $1.773K | 2.506K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35154 | 70.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
75.0¢ | 33433 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35154 | 0.700 |
1 | 40549 | 0.695 |
1 | 30000 | 0.690 |
1 | 1538 | 0.650 |
1 | 865 | 0.580 |
Price($) | Vol. | No. |
---|---|---|
0.730 | 25000 | 1 |
0.750 | 33433 | 4 |
0.755 | 83623 | 2 |
0.760 | 1588 | 1 |
0.790 | 1800 | 1 |
Last trade - 15.33pm 24/07/2024 (20 minute delay) ? |
Featured News
SHJ (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, CEO
Paul Long
CEO
Previous Video
Next Video
SPONSORED BY The Market Online