SGH 0.00% 54.5¢ slater & gordon limited

Hi Arpit95, Assume you mean this article:...

  1. 642 Posts.
    lightbulb Created with Sketch. 52
    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.
 
watchlist Created with Sketch. Add SGH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.