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Tentative signs of rocket firing, page-138

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Krispytech

4,431 Posts.

10/02/17

05:45

Post #: 22504916
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Originally posted by Krispytech ↑

This is unbelievable.

When this issue came SGH fell 50% from 356 to below 2 dollars.

There is no way any changes are happening in PI law by the look of it.

Up goes the rocket of SGH folks up goes SGH share into the stratosphere.

Chair Bob Neill, one of Chris Grayling’s head cheerleaders during the latter's time as justice secretary, now seems to relish his chance to hold the Ministry of Justice up to scrutiny. Liz Truss, an enthusiast for PI reforms, will hardly have enjoyed Neill’s opening gambit to Dalton that reforms were based on ‘no hard evidence’. He pressed on: ‘Do you think we should be changing the law on the basis of suspicions?’
Dalton was briefly winded, and had barely recovered before Neill was on to the issue of promised premium cuts.
‘Are you telling me this is going to feed through into lower car insurance premiums,’ he asked, with a dollop of scepticism in his voice.
Conservative MP and solicitor Alberto Costa picked up the baton for the quartet. Costa is known as a stickler for detail and an expert on legal services regulation. His questions were not intended to get any more than one-word answers.
James Dalton thought it would be better to state the facts without seeing the whites of his inquisitor’s eyes.
‘Do you believe in the duty of care that is owed in a society between one citizen and another?’ Dalton had little option but to nod.
‘Your organisation has used the word "epidemic" to talk about whiplash claims,’ said Costa. Dalton was barely allowed to finish before Costa plunged the knife: ‘Is it also the case that whiplash claims have come significantly down?’
Dalton agreed, grudgingly, but when pressed for figures was wise enough to fall back on the age-old trick of promising to write later. Much better to state the facts without seeing the whites of your inquisitor’s eyes.
The initial four – joined by Labour’s Kate Green and David Hanson – were in their stride now.
Costa asked why we shouldn’t enforce existing laws, while Hanson pressed Dalton on how many of his members had committed to reducing premiums. No response was forthcoming.
Curiously, committee member Keith Vaz MP joined the session 30 minutes late and departed without saying a word, but another late arrival, Alex Chalk, asked exactly how a worker on minimum wage might fight a £4,000 claim against his employer. The answer was not entirely clear.
Neill was revelling in the whole thing, accusing the MoJ of ‘firing in entirely the wrong direction’. It was not an accusation you could level at his committee.
John Hyde is Gazette deputy news editor

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Looks LIKE MT got it wrong again at the bottom like they got it wrong at the top.

They all are living in the past where as present is v v different and future is going to be way way different.
Read the above post.

Moreover 500 law firms expected to close down in coming 5 years and their business being gobbled up by the biggies like of SGH and in consolidation, looks like SGH is heading towards at least 2 billion AUD revenue in 5 years time.

SGH Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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