May I add something whilst we are at the GRC topic?
The GRC report however damning on Quindell, couldn't find much about the quasi-insurance side of the business, which is exactly what SGH have bought. The best shot GRC could do in its report was stating that the accounting seemed overly aggressive for the insurance arm. But SGH actually did their own calculation when purchasing the insurance arm (with 70 lawyers and all these advisors, I think they did a good job valuing the business from bottom up). And to me this is one of the reasons I jumped in.
It's like saying to a guy, hey you are handsome but ... you are short; now we are pulling that guy apart and putting his head on a hulk, just because he was short before, doesn't mean he can't be handsome and tall now.
SGH Price at posting:
47.5¢ Sentiment: Hold Disclosure: Held
