Slater and Gordon's future is uncertain following the AUD 1 billion loss in fiscal 2016.
The disastrous fiscal 2016 result reinforces our view that Slater and Gordon warrants an extreme fair value uncertainty rating. This means the range of potential financial outcomes is too wide to provide a fair value estimate with reasonable accuracy. The degree of uncertainty around the equity and the risk of significant capital loss mean that the shares are unsuitable for most investors. Our fair value estimate remains suspended, and we still believe the company lacks a sustainable competitive...Slater & Gordon's principal activities are the operation of legal practices in Australia and the U.K. Co.'s services include: Personal Injury Law, which provides legal services in a range of personal injury areas including motor vehicle accidents, workers' compensation and civil liability law; General Law, which is made up of Personal Legal Services and Business and Specialised Litigation Services; Claims, which deals with the origination, assessment and resolution of personal injury claims with a focus on road traffic accidents; and Motor and Health Services, which provides motor vehicle accident management support and rehabilitation and medical reporting management solutions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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