Slater & Gordon shares have given back a third of the week’s strong gains. Photo: Jessica Shapiro
Shares in law firm Slater & Gordon slid by as much as 17 per cent after the company appeared to have missed its self-imposed deadline to update investors about its closely watched cash flows.
In a statement to the Australian Stock Exchange on Thursday morning, Slater & Gordon said although it had previously advised that it would provide an update on its gross operating cash flow for the first half of the financial year in January, the company “continues to work with its auditors and advisors” to finalise the…
Read the full article at: http://www.smh.com.au/business/slater–gordon-shares-plunge-after-cashflow-update-delayed-20160127-gmfob7