I think it's pretty clear this is an ASIC review with serious stock price implications, unlike many other routine in nature reviews ASIC may do which may not be considered material. In my view management should disclose the ASIC findings as soon as the review is complete (not wait for the AGM or another convenient time). Clearly the current stock price is pricing in a lot of risk based on question marks over SGH's accounting practices which ASIC's finding could go a long way to remedying.
SGH Price at posting:
$2.70 Sentiment: Buy Disclosure: Held
