PNC 0.99% 51.0¢ pioneer credit limited

Ann: FY19 Annual Report (with App 4E), page-14

  1. 7,233 Posts.
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    Trouble is PNC are in a very weak barganing position they're forced to make the situation public. There is a line in the report warning that the asset values recorded may not be what is actually recieved in a sale. I think there will be something for current shareholders, but it seems it will come at the cost of losing a big chunk of ownership for a recap, who knows where that lands.
 
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