Agree, if 500 million is total which includes MB and ACA, then look at a settlement of around 180 million or there abouts.
This is still signifivant as this will be close to SGHmarket Cap and that will be concerning is this rubble ca not turn the ship aound. The best think IMHO is to say by by to AG and get some confidence back into this organisation, second, start settling the UK claims ASAP to start generating cash flow.
Still more cutting to be done, more streamlining to be done and hope AG (grrrrr) forms part of those cuts in the best iterest of shareholders, or at least in my best interest.
SGH Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
