The vendor of a business always knows more about it than the purchaser. So if QLL's shareholders think they got a good deal then they did. Fact is QLL was teetering on the brink of insolvency. They would have sold at half the price. I suspect SGH wanted to pay more to justify their own SP at the time (over $8). If QLL was bought too cheaply then it called into question SGH's own valuation. And let's not forget the profit made by management by participating in the institutional book build at $1.13 for renouncable rights.
SGH Price at posting:
69.0¢ Sentiment: Sell Disclosure: Not Held
