Lenders force SGH to restructure, page-204

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The QPP MC claims business is great. Great unless it is starved of throughput. Ins companies love the efficiencies, cost efficiency, and self developed software. For SGH it makes a lot of sense to drive it hard - and generate the profits. Quick efficient throughput reduces £'s tied up in WIP. ( It may be a bit legal light, but now that it is owned by lawyers , there is a danger of too much expensive legal input._

HL claims. Reading the *rap from the deniers of profits to come form Motor Claims makes me a bit sad. If the financial analysts , Trolls, bankers and investment community are collectively not bright enough to see that HL claims is a bit like the second house you have to finance while your eldest finishes schooling and your bosses move you to another city. Its a temporary second house. We may not know the actual sale price of the house or exact sale date...we know it will be sold in around 18 months. No more second house to finance/

The really annoying bit is unbalanced financial reporting

I fully acknowledge that SGH may not hit £300M Ebitda to June 16 , but there is No reason why that is not delivered in yr to June 17

If SGH merged with WTG - paper deal 10/13 to sgh and 3/13 to wtg? - WTG shareholders would have cash not sitting around with no purpose and applied to a profits stream ..and SGH would have debt slashed. I suspect the WTG are keen on trade sales oif the rest and a cash distribution. There is an argument to say that both sets of shareholders would benefit ( HUGE?)

If the problem is overborrowing - it would solve it.

Mel