Where is the money you ask. Well after this sale I would suggest that the little piggy will trot of to the HCA ( not the market this time ) to arrange another appeal. Seems reneging has become an acceptable part of the rules these days. Wasn't Duns valued around the $7 mil mark a while back?
$1.1 mil down to $875,000. A 20+% discount! who are we in competition with? Coles and Woolworths.
Update - High Court of Australia Hearing Wellington Capital Limited as Responsible Entity of the Premium Income Fund advises that the hearing date for the High Court of Australia, which was scheduled to be heard on 13 May 2014, has been vacated and that the appeal will be heard at a later date. An update will be provided when the new scheduled date is known, it most likely being during the August 2014 sittings of the High Court of Australia.
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