SGH 0.00% 54.5¢ slater & gordon limited

SGH Update, page-179

  1. 23,243 Posts.
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    Doubt we will see even 5 cents back. Here's why;

    SH losses were $2B during CA claims period.
    Say half of that loss is registered CA members so $1B.
    Settlement was $32.5M + $4M = $36.5M
    Funder gets 8.25M + reimbursed legal costs paid
    Administrator of settlement will also get paid before SH
    But let's say there's $25M net to pay SH after all costs;

    25M / 1B = 0.025 being 2.5%
    Even being very optimistic I think 5% is the most SH will see.
    Directors won't pay even one cent in compensation.
 
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