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Slater & Gordon Beer & Popcorn Results Debacle Podcast Part 3 - why did S&G's board crash the car

By Tom Winnifrith | Monday 29 February 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


In part two of this series I showed why analysing today's interims leads to just one conclusion - shares in Slater & Gordon (SGH) are going to zero or near as damn it. That podcast can be accessed HERE. Now I look at quite why the poltroons who run S&G did the Quindell (QPP) deal in the first place and why they overpaid so monstrously for a fraud


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More on SGH


Comments

3 comments

  1. ZZZzzzzzz this is getting so tedious and boring

  2. Judith

    a) Still not using your real name – coward
    b) I enjoyed recording so that’s one win
    c) thousands of folks have listened to the trilogy so that’s another good thing
    d) you only come here to say how boring all my stuff is. So why dont you just fuck off because we will not miss you

    Best wishes

    T

  3. Tom

    A great series of bearcasts!

    Taking the strapline from the current Slater & Gordon television commercials……

    Its a great shame that the board showed neither “ skill care or commitment” in ensuring the wealth of their shareholders in forging ahead with the miserable disastrous purchase of Quindell frauds.

    Knowing some of the characters involved in this deal and the highly questionable commercial rationale, borne out by the catastrophic results released, are we being too cynical in asking how many brown envelopes changed hands?


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