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.
- Forums
- ASX - By Stock
- SGH
- Ann: SGH Successfully Agrees Bank Facility Amendments-SGH.AX
Ann: SGH Successfully Agrees Bank Facility Amendments-SGH.AX, page-168
-
-
- There are more pages in this discussion • 78 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 SGH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online