Crippled the firm? Earnings guidance is perfectly on track. The share price has fallen. That's the only real difference, stating the company is crippled, what a joke.
According to who? How do you exactly value a company? On future revenues. SGH obviously thinks the company will prove to be worth more in the future. Besides which is was a small fraction of the overall price.
Ignored multiple warnings? The negotiations were ongoing for months, and SGH hired many advisers and analysts and probably have some in house. The whole controversy of overpaying only came some time afterwards.
Maybe it spent 1.3 billion buying it because you know, they know the laws either A) Will not affect them as they have stated.
B) Do not believe the laws will go through.
They're not a bunch of fools, they understand the law better than a two bit article stealing writer on a shitty newspaper.
This is stupid. Share price actually went UP after the capital raising and taking on of debt. Doesn't sound like laughter to me. and also what does "It paid over the odds" even mean? English, do you speak it.
This has nothing to do with anything? Big companies frequently have dinners and such.
So first the article says they knew in 2012 and should not have bought quindell, now they were caught by surprise? Get your facts right.
So talk shit about company for whole article, then include quote propping it up? Then some lame story about an old guy losing a few bucks and some afl players losing heaps. Great write up daily telegraph, well done again f*ing up another article.
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