RIP slater and gordon, page-5

My take on the HY was it was as expected.

The EBIT of -$17m (-$14m if you take out ASIC and AASB 15 expense) was close to CLSA estimate which was +$10m and Wilsons expected no return on NIHL in the first half. Very little was expected in the first half and very little was received.

The goodwill WIP write downs were a shock but these are rubbery and non cash. Many posters on HC called for management to "bring out all the skeletons" to " kitchen sink it" but when they do they panic. I don't think they reflect the underlying value of the CGU in the company