It's a load of bollocks, but the only people who can get a margin loan on a specific asset are people with lots of assets. (Major Banks don't do MLRs on OAK). So it is basically just for show because Brett will just get the chairman to sign his exemption when his loan has recovered. If not, he will be forced to change his investment, or sell sell sell, until his loan is paid off; keeping the remaining stock.
The issue with the Bank's is that they want to reduce the loan to asset ratio. They are not contesting the asset valuation or they would have required an additional third party evaluation. Oaks has been ok with their balance sheets.
- Forums
- ASX - By Stock
- OAK
- Ann: Amended Securities Trading Policy
Ann: Amended Securities Trading Policy , page-3
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OAK (ASX) to my watchlist
|
|||||
Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.889M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 1524 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19 | 0.070 |
1 | 20100 | 0.061 |
1 | 86000 | 0.055 |
1 | 55000 | 0.053 |
1 | 13890 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 1524 | 1 |
0.175 | 22450 | 1 |
0.180 | 30000 | 1 |
0.190 | 29137 | 1 |
0.455 | 6945 | 1 |
Last trade - 16.12pm 26/08/2024 (20 minute delay) ? |
Featured News
OAK (ASX) Chart |
Day chart unavailable