SIT 0.00% 0.3¢ site group international limited

Previous cases still incurred a fine even though some of the...

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    Previous cases still incurred a fine even though some of the companies were in receivership.

    Having said that, odds on we'll appeal the decision just like we did with AAT last December - that will take over a year. Even if we don't appeal it, the judgement will take up to a year.

    I noticed the following comment on SIT in EGP's May newsletter.

    Site Group was also a detractor as scepticism about their ability to stay viable long enough to monetise the massively

    valuable Clark land asset in anything other than a firesale. We feel like the market has overlooked the sale of the

    Australian business substantially easing the cashflow issues and the enthusiasm and determination of the major

    shareholders to ensure a result that avoids dilution and leaves a good result for current shareholders.

 
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