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20-08-2010, 04:21 PM
#451
Member
Originally Posted by Stranger_Danger
Who is buying this share today? Are they mental?
I can understand why people are prepared to take a punt at these prices. If ALF does manage to re-capitalise there could be a nice profit to be made. Better buying now at 2-3 cents than it was a while back at 10c or so surely? Of course now that there is a trading halt and an expected announcement AFTER COB today, we can assume that the news ain't going to be good...
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20-08-2010, 04:27 PM
#452
I have a lollipop that I purchased for $1000.
Would you like to buy it off me for $100?
----
Never try to teach a pig to sing. It wastes your time and annoys the pig.
----
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20-08-2010, 04:41 PM
#453
ALF
20/08/2010
GENERAL
REL: 1631 HRS Allied Farmers Limited
GENERAL: ALF: Receiver to be appointed to Allied Nationwide
20 August 2010
Receiver to be appointed to Allied Nationwide (NZX Code: ANF)
Please find attached an announcement made this afternoon by Allied Farmers'
subsidiary, Allied Nationwide Finance Ltd (ANF). Allied Farmers (NZX Code:
ALF) advises that it will be making a further announcement later today
addressing this development.
End CA:00198638 For:ALF Type:GENERAL Time:2010-08-20:16:31:14
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20-08-2010, 04:50 PM
#454
Member
Originally Posted by Stranger_Danger
I have a lollipop that I purchased for $1000.
Would you like to buy it off me for $100?
Thanks for the offer but no. Yes, I'm sure there's an element of that as well. But they ARE cheap and if they DO get the recapitalisation there is the prospect of a good profit, provided you can participate in the recap and avoid dilution. I didn't buy myself, I'm just saying there is a case (at least until 5 p.m.).
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20-08-2010, 04:51 PM
#455
Member
Of course they might be even cheaper on Monday...
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20-08-2010, 04:56 PM
#456
Originally Posted by Dr_Who
Abit like PVO, it had a dead cat bounce before it past away.
Vary sad for the shareholders of both company, but the writing was on the wall.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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20-08-2010, 05:13 PM
#457
Originally Posted by Stranger_Danger
REL: 1524 HRS Allied Farmers Limited
GENERAL: ALF: Allied Nationwide update
We apologise for the trouble we have had today securing the services of a fat lady.
Having diligently searched local donut shops, such services have now been secured.
After market close, singing is likely to commence.
LOL - Said fat lady was compelled to finish donuts early and sing for us all just so we are all aware where our hard earned taxpayer money will be wasted. What a great way to finish the week, (NOT).
I reckon the real value all said and done of the assets rorted into ALF by the Handover crooks is less than the guarantee the Handover theives had ($20m) and ALF will be next. Which one to go next ALF or SCF, ladies and gentlemen, lay down your bets, (sorry bookie is no longer accepting quinella bets that they will both collapse, due to the absolute certainty of this outcome).
Last edited by Beagle; 20-08-2010 at 05:19 PM.
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20-08-2010, 05:18 PM
#458
Originally Posted by Roger
LOL - Said fat lady was compelled to finish donuts early and sing for us all just so we are all aware where our hard earned taxpayer money will be wasted. What a great way to finish the week, (NOT).
Insider in Air NZ tells me she was seen on a flight to Timaru but it got diverted to New Plymouth this afternoon.
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20-08-2010, 05:28 PM
#459
Originally Posted by minimoke
Insider in Air NZ tells me she was seen on a flight to Timaru but it got diverted to New Plymouth this afternoon.
LOL.....I just heard from the pilot, she has a very sore throat after that song, but he assures me that she'll be absolutly kosher with some care and rest over the weekend and he'll have her down to Timaru first thing next week.
Last edited by Beagle; 20-08-2010 at 05:31 PM.
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20-08-2010, 05:33 PM
#460
Not surprising news at all , I see SCF just had some bad credit rated news released by s&p
one step ahead of the herd
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