Your comments are similar in context to posts I've made in the past.
I 've come to the conclusion a while ago that SGH's problems were in place well before the Quindell acquisition - likely contributed to by the things you mentioned.
Which is possibly why AG decided to do the Quindell thing, despite the rest of the business world saying Quindell was a 'country club built on sand' .
Business blindness caused by desperation and arrogance.
And, lo and behold, along came the Quindell life-boat.
Easy pickings too - no one else was interested. Wonder why.
The rest is just history.
I still don't get how the 'most rigorous DD' didn't warn them off before the deal was finalised. (CA aside, I confess my decision to buy was influenced by Skippen's comments).
Dah!
How come all those files the 70 lawyers looked at didn't amount to anything useful now?
But done it was and the poms cleaned up their Aussie country cuzzins and laughed all the way to the bank while the good ole' boys from down under were still wondering 'what happened'.
We'll never know.
Wait for the mini-series.
It'll be fun to watch.
SGH Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
