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54.5¢ slater & gordon limited

Who the hell is buying ??, page-9

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willydc8912

393 Posts.

16/02/17

15:28

Post #: 22672502
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Originally posted by denbo ↑

There is a suggestion in a news report I read that this could be party of a strategy by SGH to appear to have nothing of any value 'grabbable' by MB in a CA and that, it's hoped, MB will pull the pin on it's CA because there's nothing to be had.

This might suggest that SGH expects a bad judgement in a CA.

Also - there's the ASIC thing which, if ASIC reckons it's got a case could mean SGH insurers pull the pin on it's cover - in which case MB, in turn, intends to pull the pin on it's CA because, once again, if there's no insurance payout to be had, it's not worth going after individuals, ( who, it turns out, have sold their house assets).

So - maybe there's more to this schmozzle than initially meets the eye - and which no-one will ever know the full story about.

All I know is that SGH SP isn't much lower right now than it's previous bottoms, the last one on Jan 5th. after it's announcement on 28th. December 2016.

So - wait and see, but I'm the first to agree that, also, could be a mistake.

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Which news report was that? Could you share the link?

SGH Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
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