Hi Arpit95,
Assume you mean this article:
http://www.copyright link/brand/cha...ks-with-amended-debt-facility-20160502-gojuy9
This part of the article is either intentionally misleading or shows a lack of understanding of the current state of affairs:
"To get an idea of the task facing Grech and his management team it is worth noting that since it was listed Slater & Gordon's net operating cash flow over the past five years has totalled $164 million.
Even if Slater & Gordon achieves the highest annual cash flow of $54 million achieved in 2014, it will still be $380 million short of repaying its first tranche of debt in May 2018."
Given the size of last year's aquisition, the business over those past 5 years is simply not comparable to the current business. It makes the AFR's comparison entirely useless. Surely they realise this.
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Ann: SGH Successfully Agrees Bank Facility Amendments-SGH.AX, page-168
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