I hope someone asks this question at the AGM.Frankly LT holders...

I hope someone asks this question at the AGM.

Frankly LT holders would have every right to be disgusted and feel greatly betrayed if SHJ come out and announce they are going to the UK.

It would show a massive sense of arrogance and indifference to the idea of creating shareholder value.

At this point, we holders have seen basically fat nothing to compensate for our patience throughout the ethicon case. The stock is so thinly traded that even a small buyback would allow some retailers a chance to get out at decent profit and then frankly they could move towards delisting, which the history of this and Slaters shows would be a fair move. The listed law firm experiment shows little signs of success. One of them failed massively, costing holders millions and the directors lied to holders whilst it failed (NB the settled class actions actions against SGH) The other took a big hit but survived and grew only to sneak away millions of profits into “provisioning” and deny shareholders anything but modest, unfranked dividends which look far less attractive now interest rates have jumped.

If announced I wouldn’t be surprised if the SP was impacted 50% in the red.

I call on the company to do the right thing, buyback shares to increase value north of $1.50 and then delist away from the ASX. Don’t subject us to the years of price pain and likely company failure a UK expansion would bring. Don’t think you’re so special that you’ll succeed where many other Aussie companies have failed. Sentiment changed from buy to none.