SGH 0.00% 54.5¢ slater & gordon limited

Buying SGH, page-291

  1. 2,060 Posts.
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    I think you worry too much Grant. Especially as you have no SGH shares

    Remember what happened this time last year. Posters were yelling out VA and the lot where they not?

    What happened then?

    An agreement was reached between the banks and SGH.

    They are now negotiating a new agreement. A statement was provided that we had not breached the old agreement as far as I remember.

    Let SGH and the banks work it out to mutual benefit.

    What SGH need is a bit more time to turn this massive ship around. Already we are close on cash flow positive even after we have paid one-offs to restructuring and PIP.

    What usually happens when doing these things is that it takes time to take effect. Stopping now and giving up would have wasted all those cash without giving it a try to see if it works.

    Don't make things to complicated I would suggest. We don't know about the negotiations but we can be pretty sure they are working on this.

    Till then I just need a bit of patience and belief
 
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