If you wait until the formal news. The share price will be formal value too I guessed
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If you wait until the formal news. The share price will be formal value too I guessed
The article that was prematurely published appears to be very definitive and specific on certain matters.... must be some factual basis behind it imho.
I don’t think the newspaper will public so details without any information or knowledge
Just matter of clock ticking
Yes patience is needed.
Meanwhile the NBR have published a story that explains the situation quite well.
“The company (ALF) took on the loans (of Dave Henderson’s Property Ventures Ltd.) in its ill fated 2009 acquisition of the Hanover and United finance group’s loan book that wasn’t worth as much as initially thought. It sold them for $100k and at the time said it could rise to $500k, but (ALF) has since said if the litigation is successful it could be in for a larger return.”
Newspapers and the mainstream media in general these days are seldom right. These days, they seem to be all about over-hype, ratings and their own opinions rather than reporting the news.
However, for example, in this case I doubt the author of the article (link here) when stating - "That's the calculation you have to make," Walker said. - pulled the quote out of thin air.
Yet I do think the article is flawed in many respects. In particular where it states - Walker had sought information about the financial position of the directors and therefore any likely recovery from a court case. - I think this statement is a total red herring. The Directors will each have there own PI and PL insurance cover and their personal financial position is of no consequence to Robert Walker.
Also, take the following statement - Neither Walker nor the ex-directors would reveal the size of the latest settlement, although other players on the business scene described it as likely to be minimal. - This is meaningless conjecture... and who are these 'other players' on the 'business scene'? No credibility to the author there in my view.
My divie is in my bank.