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0.00% 54.5¢ slater & gordon limited

I'm sure I have the maths wrong, but isn't this an okay deal?...

  1. asanque
    204 Posts.
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    29/06/17
    11:31
    Post #: 25560378
    I'm sure I have the maths wrong, but isn't this an okay deal?

    The debt was about $700 million.
    Shares are only worth about $32 million.

    If the debt has been reduced $670 million ($30 million now owing) in exchange for $30 million in shares - isn't that a good thing?
    Last edited by asanque: 29/06/17
    SGH Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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