Slater Gordon Holdings - SGH

[NZSilver]

Contemplating!

This would definitely break the rule of not buying in a downtrend! Seems no one actually know to what level this change in the UK will affect SGH's revenues, but could be potentially a big chunk!

[bull....]

This would definitely break the rule of not buying in a downtrend! Seems no one actually know to what level this change in the UK will affect SGH's revenues, but could be potentially a big chunk!

from afr - RTA account for 90% of the newly aquired slater and gordon business and the regulatory changes will have a significant dent in the companies earnings from 2017.


also you gotta remeber they got heaps of debt to service now 700mil odd i think from the aquisition so reduced earnings in 2017 gonna make it tough

also wouldnt it be ironic if a class action was taken against sgh? being talked about

[h2so4]

....and cashflow negative.

[NZSilver]

....and cashflow negative.

and now 63c

[h2so4]

Oh dear that's silly. There 1.5b in equity in SGH that is $4 per share.....and there is or was $96m sitting in cash or cash equivalents.

[dobby41]

Oh dear that's silly. There 1.5b in equity in SGH that is $4 per share.....and there is or was $96m sitting in cash or cash equivalents.

the cash is the only real equity.
The rest is WIP which may or may not become real cash

[h2so4]

......must be some very nervous panic stricken share holders selling.

[h2so4]

I'll take the cash but their practices must have some value?

[stoploss]

As of 31 Oct Milford Active Growth fund had a holding of 1.32 % of the fund in SGH, hope this balanced out against 2.2 % of the fund in ATM........

I went to a presentation where they said"we normally sell at the first sign of trouble " and words to the effect we have looked at this one and are backing ourselves on this ......

Luckily my Kiwisaver is not the growth fund.

[h2so4]

Oh dear that's silly. There 1.5b in equity in SGH that is $4 per share.....and there is or was $96m sitting in cash or cash equivalents.

Well I purchased a few? I'm not valuing SGH at $4 but I do expect their businesses to continue.