Firstly, the link you provided was for SGH group, not SGH UK, u...

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Tram09

82 Posts.

17/04/16

22:16

Post #: 17526358
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Originally posted by Alex999 ↑

The "first" link you say? I'm reporting on the accounts for 18 months to June 15 as disclosed this UK government site - it was the only relevant link there when I commented earlier today. They're disastrous as reported.
I do trust them, as far as accounts can be trusted. They do include inter-entity cash transfers in reported cash flow. I understand what you're saying about "consolidated" but they state inclusion inter-entity cash, hard to understand and get bottom of but there it is. Is there
something I've missed you can explain?

Though I accept it's still possible things bounce back - and agree E&Y's non-qualification is a positive.

Something really spooky. I'm not even going to try explain, the 18 month accounts posted there at Conpanies House - compared with previous 18 month accounts - seems now only be 12 month accounts compared 12 month accounts, looking quickly on my phone to try answer your question?? Too late at night to look at it. But spooky nonetheless!

You missed point on D/E - what I'm saying is face value debt/market value equity has financial theory that implies market value of debt.

Good night. GLTA.

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Firstly, the link you provided was for SGH group, not SGH UK, u can go back and check yourself.
AND
Secondly, I didn't miss your point on D/E, you specifically said "face value debt to traded market equity, depending liquidity... implies a certain market expected write-off in face debt." Which is WRONG; and "800-1000% debt to market value equity implies in fact debt worth less than face." just doesn't make sense at all.

Last edited by Tram09: 17/04/16

SGH Price at posting: 27.5¢ Sentiment: None Disclosure: Held
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