SGH 0.00% 54.5¢ slater & gordon limited

Ann: Suspension from Official Quotation, page-154

  1. 5,381 Posts.
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    More often than not suspension is bad news, I think right now the auditor probably won't sign off on the account and they argy bargy on the figure

    If they can not sign it off and banks aren't happy they may not come out of suspension and that the end of it.

    That the worse case scenario but I hope you guys won't face that scenario

    I been following this stock and their cash flow is a real issue, they need some serious cost cutting no way they can carry on like this.

    You got to remember this is not the same business 2 years ago when they don't have much debt but they have so much debt now that the banks are in control and now pulling strings.

    If banks are not happy things will be ugly.

    Good luck
 
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