SGH 0.00% 54.5¢ slater & gordon limited

Today SP, page-91

  1. 7 Posts.
    No such thing as technical support levels when a company writes down a 1billion. Having met the exec team, I for one am confident in the management team and believe this will turn around in '17 and '18 if they continue on a similar path. It is no surprise that this write down happened following the appointment of a new CFO. BH has taken a very aggressive approach to writedowns - as happened at the likes of QANTAS.
    I was a quindell share holder and have become unaccustomed to a wild ride. Fortunately this management team and company culture are everything quindell was not. Sucks to be a share holder in weeks like this but it is the nature of investing. IMO stop watching the daily share price movement (unless you day trade), enjoy this coming Australian summer and revisit in March.
 
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