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54.5¢ slater & gordon limited

The Choo Choo train is leaving tran, you coming for a train...

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brad0990

3,333 Posts.

115

26/03/17

22:11

Post #: 23636250
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Originally posted by htran7528 ↑

reviewing past scheme of arrangement, where equity is negative. Or close to negative.

Lenders have swapped debt to take. 70%, 80% or 90% of all shares.

Iam expecting anchorage to swap debts for 80% of post dilution shares.

Slaters have 3 halfs of negative earning. Its not going to magically make 70m net profit a year.. realistically, iam expecting maybe 7m net profit this half.. even then thats not enough.

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The Choo Choo train is leaving tran, you coming for a train ride?
Btw Sgh debt doesn't need to be zero so just relax and enjoy Sgh going up.

SGH Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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