SGH are targeting debtor days to below 150 days. PSD was at 175...

SGH are targeting debtor days to below 150 days. PSD was at 175 days for RTA.

Looks like alot of people might entered SGH at around $5 mark which would equate to SGH normal acquisition value of 3.5 to 4.5 times EBITDA. SGH paid 6.9 times proforma EBITDA for PSD. ( SGH has continued to fall, $5 entry holders likely to have average down).

FCA in UK has withdrawn their investigation into Quindell, which is good news for Quindell. However this is due to SFO (Serious Fraud Office) investigation of Quindell.

So there is likely to more bad news stories relating to Quindell (especially previous management of Quindell) as SFO continues investigation that could cause hccups to SGH ( though should not be financially material to SGH).

You would think SGH would suspend former Quindell executives who are being investigated by SFO.

Then you have to look at RTA industry in UK is that matching SGH's DD and expections.

timing critical when to jump back in on SGH.