There were couple my posts moderated for lack of complete substantiation - I guess there's degree extra carefulness at HC because SGH is a law firm. Fair enough.
Michael Smith in link below has an axe to grind against SGH because he's been going on about what he regards as their sub-standard management of Julia Gillard's exit and in his view their lack morals.
However, he quotes in link VGI the leading shorter in SGH and their analysis of profit v. cash flow and profit v. tax in detail. To my view also: reported profit doesn't make sense in light of ITRs and there's no positive cash flow. VGI's view has crushed it since $7.50
http://www.michaelsmithnews.com/201...market-has-marked-slater-and-gordon-down.html
The above is old news and referred to elsewhere without full quoting. Perhaps already all taken into account in price.
http://www.copyright link/business/...es-in-slater--gordons-kitchen-20150629-gi0o47
http://www.smh.com.au/business/between-the-lines-of-slater--gordons-books-20150629-gi0slg.html
http://ftalphaville.ft.com/2015/06/29/2129518/slater-gordon-oops-we-double-counted-the-cash/
The above is little bit scary because leading HC punter longs like 'Mighty' quote SGH revenue vs cash figures, as if that's the valid analysis. Oh dear. Though I do 100% agree with 'Mighty' the consesnus 90c valuation aint right - it's either going much higher or much lower. Red or black the bet?
...
Well done to buyers and holders last days. IMO, this is going to swish like a snake in a swimming pool. Ideal for traders and gamblers.
Good luck to all.
