SGH 0.00% 54.5¢ slater & gordon limited

Ann: Release of restricted securities from escrow, page-65

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  1. 4,431 Posts.
    @mirren.
    As with a lot of companies that have encountered trouble - it takes a lot longer than anyone thinks to resolve- imo.
    True.

    already 19 months out since buy out in UK.
    Oz was already fine.
    PIP already completed and funded with hundreds of millions of self generated hard cash.
    UK also turned around as last finncl yr 2H was break even for SGH Vs massive losees 1 H .

    .
    Turnaround already in play
    What needs to be known as i have been saying for months is degree and extent of trunaround.

    We will see come 1H numbers and coomentary unless SGH BOD plays with words that even a lawyer finds hard to interpret. Then message will be simple.
    My views here.
    SGH is a high risk high reward buy here with stop loss at 18 on closing basis.
    We shall see how cookie crumbles.
    Last edited by Krispytech: 28/01/17
 
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