I draw a comparison here with Cash Converters. CCV, problems with regulatory authority curtailing its revenues, class actions, UK not living up to expectation, finance provider issues. CCV have systematically worked through all of those issue and it looks like they have now turned a corner. Into profit and dividend declared, regulatory change look like playing into their hands as competition drops out, class action didn't kill them, brushed off bad press, making necessary hard calls in UK business, new finance on favourable terms.
Could this be the story that unfolds at Slater and Gordon?
SGH Price at posting:
38.0¢ Sentiment: Hold Disclosure: Held