I dont see any reason why the maturities would be shortened....

I dont see any reason why the maturities would be shortened. Unless SGH was in some serious trouble (they arnt, not yet anyway). 1 half of losses is not unexpected when integrating a business such as Quindell into SGH. Aussie division continues to be profitable and grows.

Once they cut opex and integrate the business properly im sure it will do fine in the years to come. In the event that they are unable to integrate it and it continues to burn cash then SGH, then i have no issues with the banks pulling the plug. You dont cut a persons life support when they are 1 days in (1 half), you cut it after a month or more. But at this stage 6months in, i doubt we are even close to that yet.

One of my principles is not to pay for a stock trading at a p/e of anything above 10. (fairly valued stocks) it has to be very risky and has had a run of bad profits (tick, tick) .Hence buying SGH at this price, im betting that the risk will decrease and returns improve.