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clock Created with Sketch. 27/02/16
16:21
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Originally posted by robert.dinh
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I have been searching everywhere as well, reading both Quindell and SGH everything. Yet nothing came out I know that there will be a write down for sure but rotten is not the right thing - I know that this will damage the equity but to put in receivership there is no reason - and legally speaking the process does not match up, up receivership were to happen that last message we were to receive suppose to address that situation and that message of suspension needs to be at least 2 or three months ago, which doesn't make sense either, given nothing came out yet. And also given their structure, though the balance sheet looks stretch internal operation moderation and balance sheet re adjustment can fix that problem - it will take time as I say it from the beginning of the day around 5 years to put everything back in motion again meaning back to its old state with more value added on, but there is still no reason for receivership or DOCA. Unless, Bankwest is recording a massive loss on its earnings this year due to its operation and investment then we might have a DOCA, but I highly doubt that with Westpac - we would need to experience another GFC 2009 for that to happen. Nothing is adding up. Am I wrong, or is everyone else out there wrong!
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Robert, someone here mentioned that westpac is putting a 'buy' recommendation on sgh.i am not taking the words of analyst seriously, but now west pac has mgn and fti,which should have run an xray on sgh. If i am a shortist, i will be sweating now.
