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Business Description: Slater & Gordon Limited (SGH) is an Australian law firm specializing in insurance claims, commercial, family and asbestor-related law. SGH also provides advice to organizations involved in commercial or business disputes. SGH operates core business with 70 offices throughout Australia and across 12 locations in the UK. SGH now includes five brands in total: Slater & Gordon (national), Trilby Misso Lawyers and Conveyancing Works (Queensland), Russell Jones & Walker and Claims Direct (UK).
Strategy Analysis: SGH's strategy is to continue to lead the consolidation of the national personal injuries litigation market, to extend the geographical reach of the business, to expand the range of services we offer clients and to continue to build the Slater &amp; Gordon brand. SGH is pursuing an ongoing acquisition program and the acceleration of the organic growth of the business through advertising and other national brand building initiatives. This will lead to expansion into new and emerging geographical markets. The Company will also continue to pursue opportunities to increase its presence in practice areas outside the personal injuries sector. SGH is also seeking to benefit from system and process efficiencies to support the growing business.
Slater & Gordon reported NPAT up 61.29% to $19.08m for the half-year ended 31 December 2012. Revenue from ordinary activities were $145.69m, up 46.47% from last year. Diluted EPS was 11 cents compared to 7.6 cents last year. Net operating cash flow was $17.49m compared to $4.09m last year. The interim dividend declared was 2.75 cents, compared with 2.5 cents last year.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
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