In general, private fun trimmed all the expenses for a loss...

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slingz

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14/02/22

19:02

Post #: 59564491
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Originally posted by denbo: ↑

I don't know much about this stuff but I think what happens with some companies they appear to be growing buy buying up other companies to attract their revenue - making them seem to look good but, in reality, there's no profit.

One example of this was Slater & Gordon who, briefly, became the market darling by buying up a load of smaller legal firms for their revenue, (with investors money and CRs), but had little interest in growing the businesses. Essentially, SGH bought their customers for top dollar instead of finding it's own. SGH was little more than a giant ponzi IMO with the biggest corporate loss in Aus. history - about a $billion.

Can it be this crowd appears to be doing the same?

How many of it's 'yew beaut' acquisitions SH have paid for so far have amounted to anything - other than those peeps they bought them off of?

Asking for a friend.

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Well, our CEO was a lawyer. Just not sure he was part of slater and Gordon team.

Originally posted by SMXtimes50folds: ↑

Would you still hold this company if come Wednesday the terms of the sale is not favorite or to your liking? Thanks for your hard work as always.

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In general, private fun trimmed all the expenses for a loss making business, touched up with the biggest lipstick and face masks they could ever find on earth then sell them as Miss Universe to please Trump. It reminds me of a company called ominlend not long ago. Sold as a wonderful business for ?18 millions to some idiots like my company

HLF Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
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In general, private fun trimmed all the expenses for a loss...

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