Slater & Gordon Ltd

SGH Details
· Proactive efforts to address maturing bank finance facilities: Slater & Gordon Ltd (ASX: SGH) surged over 5.3% on January 10, 2017 post a rally of about 26.7% in the last five days alone (as at January 09, 2017). SGH has entered into an agreement with lenders to make amendments to bank finance facilities. The group is thus addressing investors’ concerns over their bank finance facilities which would be maturing in May 2018, by proactively discussing and making further amendments. Potential for some legislative reforms in the UK with regard to small claims in the personal injury (PI) sector might provide some boost. SGH also plans to sue Watchstone Group (Quindell vendor) over the acquisition that triggered the SGH downfall.

· Recommendation: SGH stock lost over 61.2% in the last one year (as of January 09, 2017). We give a “Hold” recommendation at the current price of – $ 0.30

BrainChip Holdings Ltd

BRN Details 
· Dismissed the rumors: BrainChip Holdings Ltd (ASX: BRN) stock resumed trading and rallied over 7% on January 10, 2017. Management reported that they appointed Pillsbury Winthrop Shaw Pittman and Allen & Overy to advise them and their Directors on company’s business and capital strategy. The group also responded over the Australian Financial Review (AFR) article and dismissed the alleged rumors of a “take?private” transaction in Australia with a new listing in the United States. In fact, management reported that they are rather evaluating a possible scheme of arrangement whereby the Company would offer an exchange of shares that would be publicly traded on another market; however, there is no certainty regarding the scheme. In December 2016, the group’s Game Outcome solution for monitoring and providing alerts for gaming operators used to supervise the outcome of card games is deployed by Mohegan Sun Casino in Uncasville, Connecticut.

· Recommendation: BRN stock already surged 103% in the last six months (as of January 06, 2017). Considering the higher levels, we give an “Expensive” recommendation on the stock at the current price of – $ 0.30

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