Slater going under has got to be a good story for shj to state the bleeding obvious!
So far they continually delay updating the market....last ann was a pretty big warning bell that shitt is real.
Have some massive debt about triple current mc.
Investigations run by lenders and asic.
Rubbery wip figures out of Uk so much so they themselves cant provide firm values plus the business they bought was/is under fraud investigation.
Retrenchment and disgruntled employees saying its operating in a management vacuum.
Not one but 2 class actions now with overseas investors looking for retribution.
Damage to brand will have filtered down and probably has/is impacting client decisions.
Shj could would should be on the front foot here and attacking sgh clients for all their worth , join in on the class action media exposure, start poaching staff and generally get ready for an increased market share!
All the banks have to do is say no and break up the business into pieces some of which shj could be bidding on.
Think about it if we all think its in a precarious position then the banks must absolutely beside themselves and pondering how to get out of this mess with some of their capital intact.
SHJ Price at posting:
53.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)