There is no evidence the Sgh overseas strategy is flawed. In fact the opposite from a standing start in 2012. They have built a UK busines equal to Australia in 3 years , a remarkable achievement. Their latest acquisition has not had hard numbers to prove anything, except a ceo stating confirming guidance. These are the facts. I suspect time may prove that it might have been more appropriate to pay a multiple more consistent to previous multiples, but that thought is not based on what Sgh saw before them. The whole issue of class actions surround investors being misled. There doesn't appear to be a case to be made. Go back through the announcements , webcasts, presentations. All risks were presented including with have sufficient headroom to ride out a longer than expected claim cycle. Read , potential for a negative cashflow. That article is fluff.
SGH Price at posting:
$1.02 Sentiment: Hold Disclosure: Held
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