SGH 0.00% 54.5¢ slater & gordon limited

Positive vs Negative, page-19

  1. 4,941 Posts.
    lightbulb Created with Sketch. 147
    Ordinarily, the trading window would open with the release of the H17 results but, in this instance, those results also foreshadowed a 3 month countdown to a required recapitalisation otherwise the whole of the SFA can be called in. That's point 1.

    The second point is that SGH's current position is -ve net assets with a near 100% liquidity reliance on the banks for continuation of trading.

    In light of these circumstances, I doubt that the trading window will now open. Reason: there is a material event which is either currently happening, is in progress, or is shaping up inside SGH which, in any event, would be considered as market moving. To therefore lift the trading window in these circumstances could also very well risk distorting the maintenance of an informed market. The trading black out period therefore is likely to remain in place.
 
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.