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08-09-2006, 12:12 PM
#1581
quote: Originally posted by moimoi
""but only in an environment which is more conducive to a successful sales process."""
IE: we want to hold the last bid so lets just have a look at what that other crowd offers first....
moi.
IE: If the Turner offer's not very good for ANZ, we'll grab it off the receivers
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08-09-2006, 12:15 PM
#1582
Banned
meanwhile, down at the farm GH is taking full advantage of the situation
market share.
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08-09-2006, 01:58 PM
#1583
quote: Originally posted by The BOWMAN
That's easy. Refuse Turners deal, call in the receivers, they can get the capital back.
No, the bank does not want a receivership. Imagine all the redundancy payments, reciever/liquidator fees, delays in capital repayment, tax liabilities, etc etc
It ia all about risk - doing a deal is the lower risk option. Even if the price is a significant interest holiday.
Turners should now put the heat on the ANX - GH is not necessarily in the picture anymore. Now is the time to exploit the information asymmetry ...
Do not consider my postings as investment advice. I am here to share research and to speculate on what might be. The boundary between fact and conjecture might not always be clear - best to treat all comments as speculation.
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08-09-2006, 05:20 PM
#1584
I thought we should have had ANZ response by now ?
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08-09-2006, 06:55 PM
#1585
belge, I only hope you have learned to never average down like those other idiots. macdunk
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08-09-2006, 07:01 PM
#1586
quote: Originally posted by belgarion
Think you are correct Belg, suspect it is a case of no news being good news.
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08-09-2006, 07:09 PM
#1587
Banned
quote: Originally posted by duncan macgregor
belge, I only hope you have learned to never average down like those other idiots. macdunk
What are you talking about?
His spreadsheet now shows his average entry price to be 7.2 cents because he averaged down this week.
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08-09-2006, 07:27 PM
#1588
BELGE, go for it hope you win. Not for me i am to chicken. macdunk
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08-09-2006, 07:34 PM
#1589
quote: Originally posted by belgarion
Dunc ... This my sort of game. I love it.
Sometimes I lose ... More often than not, I win ... But not this time ... but maybe.
It is not about gambling; (as many have said); it is about fundimentals.
That said; On this one .... I expect to lose - in the short term at least. Have I learnt something? I have! And to me, learning a lesson; however bitter; is better than sitting on the sidelines and being an 'expert after the event'.
Thanks Belg. Nice to see an honest comment from you. You know, no matter how sceptical we may be, I suspect we all would like to see Feltex survive and make money (and probably most of us would like to see the Turner brothers succeed in their bid). The only thing we dislike is seeing green investors encouraged to take more risk than they comprehend by those who know the game. Good luck, Liz
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08-09-2006, 07:52 PM
#1590
Could do a share consolidation before the rights issue .... 1 for 17 sounds pretty good
Then punters only need to front up with $1.70 for new shares
All sounds too familiar
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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