@walkingeagle
Let me just say at the outset that I respect you as a poster, so please take my post at face value, not as personal criticism. I would like to ask you a series of questions.
Why do you think legal fee revenue for SGS was so low for the month or so of ownership in FY2015?
Why do you think legal fee revenue for SGS was so low in HY2016?
Why do you think legal fee revenue for SGS was so low in FY2016?
Before you answer those questions I'd like you to consider what the core business of SGS is; fast track RTA claims with a turnaround of 6-9 months. That being the case most nearly all of settlements/resolutions in the HY2016 result (i.e. legal fee revenue) would have come from cases inherited from WTG. Is it fair to speculate that the SGH board may have asked for guarantees (warranties) on what legal fee revenue they would achieve from inherited cases? Is it also fair to speculate that waiting for those cases to move through the court system and reach conclusion (for a period of in excess of nine months post purchase) before making a claim does not necessarily make the board a group of hopeless amateurs?
I'm only speculating and I may be way off the mark, but I think that the most plausible claim that SGH can level against WTG is the failure of SGS to generate legal fee revenue as anticipated during the year post acquisition.