It would be logical to think that Westpac and National would be jealous of Citi's move to dispose of the debt to Anchorage, as it would close the book for them and removes stress, i would think this move could mean less chance of administration but a higher chance of a CR, maybe debt for equity if H1 numbers still slacking. Dilution can help future prospects of a company but SH will need to take a hair cut if this turns out true. Otherwise if H1 numbers show ligit promise then Anchorage may well keep the debt and on sell it at a later date. Really its touch and go in my eyes, theres still some time.
Just couple thoughts.
SGH Price at posting:
31.3¢ Sentiment: Sell Disclosure: Not Held
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