I truly believe, that SHG is massively oversold and will recover...

I truly believe, that SHG is massively oversold and will recover some ground within the next 12-18 months. I jumped on board at $1.00 - though, currently down 27% in a short time span - I think there will be an announcement late January, as the new auditor (E&Y if I recall) will make sure they are on top of the figures.

The announcement will most likely include write downs on WIP and goodwill (no cash impact), and hopefully SGH will confirm an ongoing EBITDA of A$ 150-175m, which hopefully will bring the share price back to $2.80-3.00.