SGH 0.00% 54.5¢ slater & gordon limited

Loading up the truck, page-2262

  1. 3,827 Posts.
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    It is also worth mentioning all the cash received from SGH in the Quindell purchase (save the losses-only-incurred, 100m warranties on NIHL held in escrow) was returned to QPP/WTG shareholders on 2 November - 90p per share - just moments before the UK reforms announced.
    QPP/WTG could not have rushed the cash return faster, pending only final procedural-only the rubber stamp UK Court Approval, which was given December for the cash to go back.

    The Quindell cash has gone now….poof!!  
    Claim all you like - there is no cash now.  
    "No cash here", WTG can now legitimately say.  Not just in relation UK reforms disaster, but all the other PSD problems.

    Do you think that UK founders/builders of QPP PSD had their ears to ground with UK MPs on the timing these reforms, or do you think the "Good Sirs from Oz", walking into the UK used car yard with their cash bulging from pockets and, with no UK underbidders, paying top dollar cash for the PSD "Roller" had the correct picture?  As SGH's November Ann said "no material affect" - all good.
 
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