ALF - Allied Farmers Limited

[winner69]

this will take total shares to over 2.5 billion

A 100 for 1 consolidation after the rights will make the Hangover people feel rich ... and the 2.5 cents will then be a real bargain ..... see its all about perception .... not deception

[Doyle]

Haha you really have to laugh at this carry on. The fact that it is 50% underwritten gives it some hope of success. Still getting even 50% subscriptions will be a mission. How much capital do they need to survive? because I have to say this is the most destined to fail capital raising I have ever seen.

[lewinsky]

Mark and Eric must be choking on their beer as they line up the deck chairs around the poolside in Hawaii

[percy]

You will all enjoy Chalkie's article in this morning's Press.I could not find it on stuff website,but no doubt it will appear.

[Dr_Who]

You will all enjoy Chalkie's article in this morning's Press.I could not find it on stuff website,but no doubt it will appear.

Would be interested in reading the article. Pls provide link when available. Cheers.

[Jaa]

Here ya go:

Time for Hanover investors to get angry
http://www.stuff.co.nz/business/opin...s-to-get-angry

[percy]

Would be interested in reading the article. Pls provide link when available. Cheers.

I will try to give you the link,if it does not work go to www.stuff.co.nz then enter Chaklie in search.
Here goes with link http://www.stuff.co.nz/business/.../...s-to-get-angry
Sorry just tried the link, did not work,but Chalkie in search did.

[Alan3285]

I will try to give you the link,if it does not work go to www.stuff.co.nz then enter Chaklie in search.
Here goes with link http://www.stuff.co.nz/business/.../...s-to-get-angry
Sorry just tried the link, did not work,but Chalkie in search did.

The direct link works for me - thanks!

Alan.

[winner69]

My view only but ANP needs a heck more capital than $10m .... esp later this year

The big question is will ALF be in a position to provide this?

Lot more to be come out yet I fear

Seems that this bit of 'conjecture' last April was the case

Still would like to know if Resimac ever intended to put the 'committed' $7m into ALF .... or just a big con

[minimoke]

So the Trustees of Allied Nationwide reckon they are in breach of one of their covenants with one of their financial rations out of kilter. The company has withdrawn its Prospectus at this vital cash raising time and has 14 days to satisfy the Trustees. Not a great look when ALF has gone to market looking for more cash. The end of August is going to be interesting in so many ways.