SGH 0.00% 54.5¢ slater & gordon limited

Cash flow positive?, page-16

  1. 315 Posts.
    I sold out at about 85c around Xmas. I can't see why the SP wouldn't go back to that level since the outlook is more certain than it was then. But SGH will be working solely to pay off the bank debt for many years to come with no dividends payable. Debt at $700M approx and gross operating cash flow of $56M in 2015 and $67M in 2014. I see the attraction for a short term trade (hence the buy sentiment). But a long term shareholder would have to have a 15 year horizon min. and it isn't the only company in town. IMO only.
 
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Currently unlisted public company.

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