Ann: SGH FY17 Results Presentation, page-212

currently 350 million SOI with MC = $25 million
recapitalised 7 billion SOI with MC = $500 million and UK business gone

I very much doubt once the recapitalised diluted SGH trades again it will hold or even open at a $500 million MC and with the UK business gone.

So unlike yourself SWC, those who choose to face reality and not fiction, the only relevant question is what MC is the recapitalised diluted structure minus UK business worth, so as to decide whether to sell or hold. I would value it at $250-300 million, which is a SP now of 3.7 to 4.4c

Success may come at 3.7 to 4.4c