12 months ago I might have somewhat agreed with you that they (NAB, Westpac and SGH) had a common interest. But since the loan position has become untenable and Anchorage are involved, make no mistake, there is no common interest. The only thing that matters now is Anchorage making as much money as possible and they will use everything at their disposal to do this. They have no concern for SGH management or shareholders.
Anchorage have no interest in backstabbing, they will smile directly at Grech as they twist the knife and get him to do what needs to be done. Shareholders who take on the risk are only along for the ride as long as Anchorage allows them to be.
SGH Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
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