Debt is 3 times larger than market cap, page-17

"Well i have never seen a company where the share price has dropped 80% ever recover". OK, it's rare, but it happens. For starters, in 1929 the whole wretched market fell 85% - and recovered. News Corp probably fell 80% in the 1980s(?) when it almost defaulted on its debt, and is um quite a successful company now. In the UK, Autonomy fell 95% in 2007, with all sorts of shenanigans driving down its SP, like Merryl Lynch falsely saying Microsoft had poached Autonomy staff; Autonomy recovered pretty impressively and was taken over by Hewlett Packard for 11.7bn GBP in 2011.

Will SGH go bust? It really doesn't look likely. There has been a raft of bad sentiment and the SP has suffered hugely, but legal life goes on. For example, S&G UK are canvassing VW diesel owners for possible compensation / class action (http://www.slatergordon.co.uk/comme...ation/volkswagen-scandal-legal-investigation/). And SGH's Oz business is in no sort of trouble and should remain very profitable. The panic does look badly overdone.