ALF - Allied Farmers Limited

[J R Ewing]

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...

[Stranger_Danger]

I have a lollipop that I purchased for $1000.

Would you like to buy it off me for $100?

[minimoke]

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

[J R Ewing]

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.).

[J R Ewing]

Of course they might be even cheaper on Monday...

[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.

[Beagle]

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).

[minimoke]

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.

[Beagle]

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.

[bull....]

Not surprising news at all , I see SCF just had some bad credit rated news released by s&p