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54.5¢ slater & gordon limited

When did you read the MgN report? Can you share this information...

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brad0990

3,333 Posts.

115

12/02/17

18:11

Post #: 22552091
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Originally posted by Fishinnick ↑

Not sure about your disturbing fact that any company can have SP destroyed, like this one, just because over leverage.
If what SGH bought had produced what they thought it could the goodwill would still be there, it hasn't been marked down because it just has loads of debt, it gets marked down because it dosen't produce income, so therfore isn't worth any goodwill, or very little.
SGH is in financial trouble because it can't make enough money, its as simple as that.
The MgN report did not say it is sound by ALL accounts, it said the underlying business is ok but the debt is a problem. i.e If SGH had no debt there would be no problem.
The solution is simple........ Cut the debt, this will come through a re-financing AND and recapitisation, just like the company has told the market it could do.
Master plan, mmmm, that may be worth a thought, imo its already check mate, only time left.

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When did you read the MgN report?
Can you share this information that is confidential?

SGH Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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