Ann: SGH advises Watchstone Group Plc of claim under SPA-SGH.AX, page-204

GC8 - they (SGH) chose 8000 cases across the whole business and had 70 of their own lawyers go through as many as possible to see what was in there. Are you suggesting this wasn't representative of the overall caseload? I knew you weren't that clever but..............

Had you seen as many S&P deals as I have over the years, you'd have a much better idea of what can (and does) go wrong when one company acquires a business from another. Acquirers spend a fortune on due diligence in advance of an acquisition but seldom seek help with the difficult part, which is to manage the process of change effectively so that the expected synergies materialise and the maximum is squeezed immediately and permanently from a business now in new hands, where the new owners know only a fraction of what former management knew about the people involved, the business culture and even the way it is normal to expect business to be done (the latter is particularly true where acquisitions are 'international' in nature.

Many things will have contributed to PSD's well below par performance but I seriously doubt misrepresenting what was sold comes into it.

There is an old saying that is usually good advice: "Caveat emptor".

Evidently Andrew Grech didn't study latin.