SIV 0.00% 14.5¢ siv capital limited

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  1. 69 Posts.
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    Surprisingly well only down 14%.  Expected this to go down by 25-30% or more today...in the hands of their bankers due to breach of covenants (who are all struggling with quick answers from their credit teams due to RC - last one took 3 months to get approved), further trading loss, can't fund growth in loan book, & a need to raise immediate capital (which is got to be at a massive SP discount).  Seeing similar signs to AXL, expect this to also end in tears. Sad for holders.
 
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