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54.5¢ slater & gordon limited

I agree.Who knows to what extent morale has been affected. I...

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68 Posts.

18/04/16

15:57

Post #: 17533679
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I agree.Who knows  to what extent morale has been affected.
I think employees that own shares at best will roll their sleeves up and work harder as they have seen the value of their shares evaporate.The year also gives the board time to canvas partial sell off or White Knight
Take a stab at what you think worst case scenario  positive U.k Cash will be in the next 12 months?

Originally posted by Alex999 ↑

MB,
- I think the banks want it to survive, their recovery options otherwise do exist but not good, this point is a big plus
- I also think banks hugely annoyed, "frosty" relationship reported media putting mildly
- I think line in sand is no more cash from banks
- based on H1 results SGH Australia, it can't even pay interest bill
- so all comes down to UK cash over next 12 months
- E&Y expecting positive UK cash coming as at their 29/2 audit sign off or otherwise would have written down UK to zero in audit, this another positive.  Also the lack "going concern" qualification several have pointed to, another positive.

My view, the sorry saga will play out another 6 months or so with ups downs.  But again, only a view, the talent/client morale equation will be the killer under boots of lenders.  Because financial forecasts in such situation run away in a white collar firm.

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SGH Price at posting: 26.5¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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