What is important at this stage is that a material slice of the debt is reduced when NIHL cases are done.
The underlying debt is just fine and can take care of itself.
I expect board additions and some UK based directors .
Just maybe WTG with MCAP $192M and $190M cash ( no debt) + $100M sitting in escrow is important. ( So MC Less than cash)
Plonked in it is the data management telematics businesses and an entre into Canada? SGS customers are insurance cos and their actuaries drool at the prospect of telematics.......because the ins companies will be able to relate mtor ins pricing to individuals driving patterns ( More profit fro ins cos./ cheaper more competitive ins policies to sell ie they MUST HAVE IT) . Every car made is going to have telematics devices. SGH, with a bit of actuarialthink people, could profitably provide the data management. It does not tie up much dosh in WIP.
Tis on a plate ! annd the bad smell means it will stay cheap fro a bit. Trakm8 plc ( London AIM) has a PE of 44.
Mel
SGH Price at posting:
78.5¢ Sentiment: Hold Disclosure: Held
