The CA against PP has a better than 50% chance of succeeding. The bitter taste for shareholders will be the eventual compensation. PP will use some of the evidence that Quindell use to defend there law suit, so it will be in PP financial interest to not rollover until the Quindell case is resolved. I also think the super fast resolution to the MB class action against SGH confirms that all of the responsibility for what happened was solely the responsibility of SGH management and the board.
All that aside PP will come to the table with cash but nowhere near the amounts people are hoping or dreaming for. My guess is 5million or less, with MB taking the lions share.
SGH Price at posting:
$3.05 Sentiment: Buy Disclosure: Held
