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SGH

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54.5¢ slater & gordon limited

FTI Consulting to help boost financial health, page-2

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hottuna

3,053 Posts.

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02/02/16

13:56

Post #: 16922427
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Originally posted by geralvin1484 ↑

“Law firm Slater and Gordon in talks over debt restructuring, calling in FTI Consulting to help boost the firm's financial health”
http://www.cityam.com/233469/law-fi...ting-to-help-boost-the-firms-financial-health
Does this article sound more positive?
Everyone knows the fact that there is SGH, debt restructuring talk and FTI involved, nobody knows about the details of what is happening, and the some down rampers keep on correlate the debt restructuring talk to the administration and constantly scaring the share holders with “you guys are ignoring the debt”. I felt sorry for these guys, they are fully of negativity, they are actually trying to link any information available to the negativity, for instance, the delay of the first half impact announcement with no fundamental change can also be speculated that SGH do not dare to show the figure as December is not generating positive cash flow as opposed to the management expectation that from December onwards, it is expected that the company will generate positive cash flow, which indicates that the bad time has passed.
The market clearly tells us that debt of course is concern. Thanks for the down rampers for constantly reminding, we all know what is SGH debt well by now. Even the bank themselves should clearly understand that SGH are using the loan to buy an intangible asset. In order to see the whole picture, we also need to know what is the EBITAW and NPAT, which will be confirmed end of this month.

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Not really, especially since the company have confirmed that it was McGrathNichol representing the lenders who appointed FTI, not the company!! You seem to be saying that pointing out that SGH has massive debts is 'negativity' - but it's just reality. EBITDAW and NPAT mean nothing when it comes to debt - you can only pay back debt with cold, hard cash, so it's the bank balance that matters, not a seven letter acronym.

But if you want to sit back and think happy, happy thoughts by all means you are welcome to!

SGH Price at posting: 57.0¢ Sentiment: Sell Disclosure: Held
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