Ann: FY16 H1 Financial Results, page-74

with goodwill writedown, SGH is saving 200 million dollars plus in four years as income tax. add to that 100 million from escrow money. so 300 million is back.
I will try to pick the bottom today and add heaps for the long term view of 2-3 years.
Agreed there is debt to service, but there is still profit of 200 miln dollars PA and reduction in opex etc...
stage is set for things to be sorted out v v agressively as they have already shown with the writedowns.
This massive write down is a positive not negative.................in a way.it is no longer a hanging sword.