As a supporter of listed law firms and the business model of receipts flowing later, I accept the market, industry and observers are pointing their fingers at management, business acquisitions, level of debt, cash flow and cash generation (not in any particular order). I truly believe the businesses of SHJ and SGH both have something to prove over the next year and whilst volatility will remain its a great trading opportunity for the genuine market participants and a struggle for many LT holders. If you don't have all your eggs in one basket then ok for the LT holders with "balls of steel".
Lawyers will continue to charge high rates and case work isn't just going to disappear overnight.
As for bounces, a 10% or 20% bounce looks far more impressive off a lower base but for me Id first like to see the underlying profit bounce upwards in FY17 as it will take time to restore confidence in the listed Professional services firm segment.
GLTA
DYOR
As a supporter of listed law firms and the business model of...
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
