SGH to recover in 2016?

SGH commenced business over 80 years ago and have had a very successful business model.
SGH started trading on the ASX in 2007 priced at $1
SGH during the past 7 years how grown their business via both acquisition and increased amount of cases and the associated rise in profits.
SGH SP hit $8 in April 2015 and even at that that price a number of analysts had it as a BUY.
SGH purchased Quindell in the UK for 1.3billion AUD, and raised funds to assist with this purchased via $6.50 Cap. Raising and borrowed the balance.
SGH Through June 2015 to 26th Dec. 2015 the SP has been smashed down due to various issues such as the ASIC investigation, Change in Legislation in the UK, potential Class Action......etc etc

If you look at each reason why the SP got driven down and believe that each reason caused an emotional over reaction causing the sell off in the SP, and that it is really not that bad.

**ASIC will complete their review and SGH will move on with a new CFO and the company accounts will be done correctly.
**The change in Legislation in the UK will not have the impact on profit levels as first thought and a large number of people believe the proposed legislation will be watered down and will have even less impact on the UK business.
**The proposed Class Action being discussed right now will not happen.
**The business in the UK will start to improve and become a very important and profitable part of the SGH business.

The H1 result will be below guidance , however there is a good chance that the full year guidance will be a good result with a strong 2nd half performance by the entire company both Aust. & UK, and at that stage the SP will start to recover after the annual results published in August.

Possible reasons for short term bounces in the SP:-

**Class action not proceeding.
**ASIC annc confirming the investigation has been completed with SGH making the necessary changes to their accounting methods.
**The new CFO publishing the H1 results confirming as first thought we are about %15 below guidance for H1 however we expect a strong 2nd half to make up this poor H1 result.

I am confident in the business and think it can recover.... I am holding and believe the SP will also recover.