Well full year financials are out in the next two weeks, so will wait and see how much they have changed from the half year.
For interest, half year financials attached.
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Well full year financials are out in the next two weeks, so will wait and see how much they have changed from the half year.
For interest, half year financials attached.
Well we already know how much equity they have lost due to impairments/provisions on Hanover assets ($81.2m) and ANF ($10.7m) - so maybe $80m equity left? Hard to ascertain the extent of any other gains/losses.
Cashflow likely to be tight. I'm going to guess $10-$15m cash remaining at end of June and probably falling fast since. Though I'm not sure how large the impact of 5-mile sale was. Also not sure about how much cash they can get through securitisation via Speirs group.
Alan (& any others tempted): I wouldn't go anywhere near this one, myself.
If you are desperate for a high-stakes gamble, with much better odds, what about STL030, now that they have this Bluestone Group behind them?
Internal investor will save allied finance. but ALF won't be so lucky
Further announcement by ANF (not ALF - the subsidairy):
http://www.sharetrader.co.nz/showthr...l=1#post316136
Not sure if they ran out of cash from what they said. Looks to me like they are putting the acid on the trustee to make a call. Seems to imply they *could* have paid, but the trustee wouldn't let them, or have I read that wrong?
Alan.
This is like watching a car crash in slow motion.
Still willing buyers at 2.7 cents. I reckon they're game