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27/11/15
14:39
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Originally posted by Quelque
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The management has said:
"Whilst the Government’s announcement was unexpected, the Company believes that the scale and diversity of the Slater Gordon Solutions business in the UK positions it well to deal with the potential impact of any future legislative change."
How does that sound? They said that they believe....
As as fellow Believer in the great Carrot of Downtown Abbey the term "Believe" is as clear as it gets.
Of course more clear terms would be Jesus is coming, we believe or something of that affect.
It reminds me of another ASX company VET which used to say "Believe" and "immaterial" alot.
Yesterday and today are just a beginning, I value this company -700mil or bankrupt. Very similar to Vocation VET when they lost a major Government contract due to non-compliance. SGH may, one may believe is not as good a company as they claim.
Most lawyers would say SGH is a big law firm. Not a good law firm but BIG.
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At the end of the day, if the legislation goes through, it will hurt SGS revenue. Only way this can be good for SGH is if the legislation is not implemented or they change their focus away from road accident injuries to other areas, which defeats the whole purpose of them buying out Quindell in the first place.
Last edited by
arazad :
27/11/15