I hope they take 6 months to 18 months to sort out the structure.. that way, they don’t sell the assets now at fire sale. In 12 months time. The assets will be worth much much more than they are worth now. At least then we can look forward to getting something back.
Allco structure will take months to sort
Abstracted from The Australian Financial Review
Allco Finance Group's receivers aim to recoup $A1.14 billion-plus in debts via asset sales. The Australian listed investment group entered administration earlier in November 2008. At the first creditors' meeting held by McGrathNicol on 14 November 2008, investors were cautioned that deciphering Allco's complicated structure will take months
creditors meeting and ahug , page-25
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$1.63 |
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Mkt cap ! $441.3M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.64 | $1.60 | $469.4K | 289.0K |
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| Price($) | Vol. | No. |
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| $1.64 | 2280 | 2 |
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