Mighty you are starting to look very biased. What concerns me you do not see Grech has made a huge mistake. Share price fall from $7.80s (needs to be adjusted for capital raising) to below $3 is hard for instos to explain to their superiors. Not just instos in trouble but analysts that supported Grech and SGH.....many analysts are asking more questions as their superiors do not believe the SGH story because share price fall.
Please do not blame shorters - SGH gave them the opportunity.
You say you have understanding of UK insurance market...... but others might have more. I understand Quindell signifcantly and its workings. Plus how insurance companies regard them. Saved alot of friends money who were in Quindell - told them to get out.
As i said before, I only thought SGH were going to buy files and let Quindell slowly die. 90% of PI market SGH bought is in MVA. I was hoping SGH had done their DD thoroughly ( i doubt this has happened). I was very negative after SGH bought Quindell.
I do believe SGH is a buy and bought some last week. Only because PSD is valued at zero at these prices.
However will be a bumpy ride......even if it gets to $4 thats still failure for the instos and analysts.
Alot of work for Grech and his team. Plus the board.
SGH Price at posting:
$2.87 Sentiment: Buy Disclosure: Held
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