hbos takeover on track, page-17

Hi BionicBoy,
500 million loss is what I reckon. Scrap. But I believe the real figure should be more than that, i also believe now the market expects the yearly loss would be more than 1 billion.

In addition, Valad maybe seek a restructure now.

Quote:http://business.smh.com.au/business/mirvac-halts-trading-seeks-more-cash-20081030-5en1.html


Valad's remuneration report was rejected by 75 per cent of shareholders. "We are looking at all options and alternatives for Valad. That includes a takeover, sale of assets, revaluation of the business and a possible restructure," Mr Gerber said.