SAV savcor group limited
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afr article - sale of business?

  1. weined01
    25 Posts.
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    12/11/09
    07:20
    Post #: 5902530
    Does anyone know what is going on in Savcor?

    The AFR article last week implies the CEO is trying to buy back part of the business. I guess this is at fire sale prices and seems to be non-cash??....He floated it at top dollar 2 years ago and could make a fortune on the difference? Savcor's response doesn't give any real information.

    The Chinese $20M debt expires at 31/12 so perhaps they can't get it extended and have to sell off assets quickly in the next 6 weeks??

    The announcements have been very quiet. Perhaps they are going to hit us with another event like June and push the share price down below 10c this time???

    -------------------------
    I am not an advisor. My comments are discussion points only.
    SAV Price at posting: 15.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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