Regarding your second paragraph, the reason is valid, but then if I remembered corrected Quindell has then restated their account and it is shown that it is losing money and that was the time the management came up and said they didn't reply of Quindell accounts and they have done their due diligence. This is also the reason the share price being heavily bashed even not to mention about the acquisition cost, the market still not convince it is worth the net debt of $600+M. I haven't really seen the performance of SGS yet, and this is my concern, if the SGS with its associated debt is inline with expectation in 2H as well, then I can't find any single reason that SGH can lose 90% of share price since acquisition.
SGH Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held
