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54.5¢ slater & gordon limited

I only have a small parcel just over $1000 worth which obviously...

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deepvalue79

58 Posts.

11/12/17

06:11

Post #: 29523350
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Originally posted by Nick Miller ↑

I'd say a good 75%+ of people still posting here (including myself) have lost money on this at some point so don't feel too bad.

Re-cap hasn't been formally approved by the court yet though I think most would agree it looks to be a formality given shareholder and creditor approval has already been received.

What that means for you is the share price is still trading at pre-recap levels. Does your steep lesson require you to hold through the recap (i.e. over the next 1-2 weeks) for the share price to fully reflect 95% dilution or can you preserve some of what's left of your capital?

Have a read of the SGH threads over the past few weeks if what I'm suggesting doesn't make sense.

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I only have a small parcel just over $1000 worth which obviously is worth far less. The insignificant amount I have left I may as well hang onto. Who knows maybe in 20 years I might get my money back?

SGH Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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