SGH 0.00% 54.5¢ slater & gordon limited

Got legs, page-530

  1. 2,060 Posts.
    lightbulb Created with Sketch. 312
    Funny to see all the 'wise' heads with no apparent attachment to this stock out in full force spreading their 'knowledge'.

    Motives for that posting I asked? 'nobody's business' I was told.

    If I meet someone on the street and this person had an opinion on SGH would I not like to know the motives of that person before I put any trust into that person's opinion?

    My thinking is that a person who cannot/ will not disclose their motive for posting cannot be trusted. If you had good intentions then certainly it would not hurt to be honest about your motives for posting?

    Anyway I will leave that for today.

    If conflicting information is out there I always stay with the known facts.

    What do I get for $0.265?

    - part in a $900mil+ revenue international leading law firm
    - a company that is 'on budget' according to management
    - a company that has main banking syndicate support as per latest announcement
    - a company that has passed the 'greatest risk' phase of a major restructuring and business improvement program which has been paid for mainly out of own generated cash flows
    - the restructuring and business improvement program when complete may create a material competitive advantage in relation to competitors
    - a company that is hiring permanent NIHL post settlement staff in the UK (this portfolio alone could be worth $100mil to $200mil)
    - a company which in the UK have 98% of clients recommending us
    - a positive Barrister's opinion in relation to escrow money worth 50mill British Pounds
    - part in a massive UK CA against VW (could create unlimited goodwill with future clients).

    Then the unknown in relation to our major UK purchase from Watchstone. Are we going to sue Watchstone and/or our external due diligence high profile advising specialists (if going ahead on this and if successful then it could be worth multiple $100mills)?

    Then on the flip side we have a large debt covered by term loans (which we may address if some of the above points goes in our favour) and the MB CA (which we are defending robustly).

    Any speculation about any dilution is just that. Speculation.

    For me I will wait for the 2017 H1 results and then the 2017 H2 results.

    Patience is the key
    J

    All the above in my opinion.

    Each investor will do his/her own research and invest in accordance with own needs, circumstances and risk profile.
 
watchlist Created with Sketch. Add SGH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.