SGH 0.00% 54.5¢ slater & gordon limited

Ann: Suspension from Official Quotation, page-156

  1. 330 Posts.
    The company showed $1.15 billion of "goodwill" on its book when it reported full year financial results for 2015.

    In March, Slater & Gordon acquired the professional services division from UK listed firm Quindell for $1.3 billion, of which $710 million was a "goodwill" consideration. However that acquisition has proved ill-fated, straining the law firm's cash flows, while touted regulatory changes have cast doubt over future profits from fast-track road accident claims.

    Slater & Gordon's lenders have appointed advisers to assess the company's books.

    Recent disclosures from Westpac, a major lender to Slater & Gordon, showed it had increased provisions relating to a property and business services loan, which the bank told analysts was an exposure to Slater & Gordon.
 
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.