Slater & Gordon (SGH) proved it has been listening to investor concerns, has improved its disclosure and promised more in the future. FY15 results were somewhat distorted by accounting changes, but show good progression on a number of fronts. The management team continues to reiterate its cash and EBITDA guidance from the Quindell PSD acquisition. Our analysis indicates the material revenue acceleration and cost control to achieve management guidance is stretching, but not unachievable.
23 Sep 2015
Starting the fight back
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Starting the fight back
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23 Sep 2015 - Author:
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Slater & Gordon (SGH) proved it has been listening to investor concerns, has improved its disclosure and promised more in the future. FY15 results were somewhat distorted by accounting changes, but show good progression on a number of fronts. The management team continues to reiterate its cash and EBITDA guidance from the Quindell PSD acquisition. Our analysis indicates the material revenue acceleration and cost control to achieve management guidance is stretching, but not unachievable.