SGH 0.00% 54.5¢ slater & gordon limited

Interesting or sloppy?, page-6

  1. 3,827 Posts.
    lightbulb Created with Sketch. 79
    Mighty, you are going to have to try harder to find the missing $34m odd from the motor division post-Swinton plus Brightside that crashes the division to zero or maybe the red.

    There are a lot of heads need to go just for Swinton, say $75-100k each on average including on costs (though rentals won't change), that's 340-450 people to axe from November just to balance things up. But let's say you can't afford to pay redundancy (even more cash negative) and you have a hope against hope strategy that "something will turn up"
    Sounds about right doesn't it for the remaining longs SGH when you have religious faith, despite all facts - who needs more than hope against hope as an operating plan?
 
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.