I would guess that SGH will be sold down , as per SHJ , even the though result isn't nearly as bad as the downrampers would have you believe ....
.... firstly , we got all the bad news out in one hit ... we start the second financial half with a clean slater ...
Secondly , this is a massive wake up call for the UK staff ... they have no wiggle room as SGH restructures their operations ... Quindell was variously described as a " Gentlemen's Club built upon Quicksand " ...
.... and lastly , we now have a ginormous goodwill writedown , which SGH can utilize to reduce tax paid in the future ...
Oh yeah , and that little matter of the ASIC investigation ... all gone now , vanished !
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