SGH 0.00% 54.5¢ slater & gordon limited

Relative Strength

  1. 4,679 Posts.
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    When looking at share price action, or lack thereof, it can be useful to compare S&G performance over the near term with listed competitors operating in a similar field (specifically PI UK).

    If the SP is not moving yet holding up well comparative to competitors then it is a good sign.

    NAHL have said they expect a GBP4m reduction in FY17 as they undergo their version of a PIP,  restructuring its business model in advance of change.  NAHL are down over 40% in a month.

    S&G are down just 12% in the same period.  It could be argued that the S&G decline is solely down to the cautious AGM rather than ongoing pressure in the industry. In other words S&G downside is now priced in, subject to no debt issue raising its head .

    Redde are also down around 12% in the same month period.

    Slater & Gordon are performing better than competitors - while the SP malaise might feel poor it is a good sign that it is holding up, and in fact improving (slightly), while others continue to slip on industry reform.


    SLATER & GORDON: November 2016 SP performance
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    REDDE: November 2016 SP performance

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    NAHL: November 2016 SP performance

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    Last edited by Dr.Who: 03/12/16
 
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