All on Minters Advice
They are distancing themselves from Minters if i am reading the Corporate Speak right
They may have created the largest uncovered short in Australias' history
i would love to know what mark to market is now
the problem i see is the better the market gets ..the more they have to fight it out
the better the market gets the greater the claim the clients have ..the more incentive the clients have to reject any compromise
selling the shares ..was just so risky for ANZ
The rating agencies will start calculating the possible cost of a "win on rectification in favour of the clients"
It might be possible that ANZ could face a ratings downgrade if the numbers fall the wrong way for them...
A ratings downgrade could cost millions and millions in extra funding costs
It all depends on their other problem clients ..and on how they are tracking
m.west on anz, page-54
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$31.79 |
Change
0.540(1.73%) |
Mkt cap ! $95.05B | |||
| Open | High | Low | Value | Volume |
| $31.17 | $31.88 | $31.17 | $198.3M | 6.264M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10641 | $31.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.79 | 3000 | 1 |
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