SGH 0.00% 54.5¢ slater & gordon limited

Yes you are bewildered alright. You were the one who wanted to...

  1. 2,060 Posts.
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    Yes you are bewildered alright. You were the one who wanted to short at $0.21. Augh there goes my credibility as an informed poster.

    Fear and fiction is not working is it?

    SGH have til May 2018 to renegotiate terms. Please spend 1 minute or so to actually read the announcement.

    Til then I agree with your statement that you are 'bewildered'.

    The future is bright for SGH (have a look around you) and I am looking forwards to the 2017 H1 results.

    What do I get for $0.255?

    - 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.

    Why put the cart in front of the horse?

    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
 
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Currently unlisted public company.

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