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Ann: Central Bank of Ireland correspondence, page-143

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aurelex90

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19/05/21

15:12

Post #: 53279634
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Originally posted by Sojourner: ↑

I don't think all their business is at risk of going to zero, but I think their businesses in other markets will be subject to similar regulatory scrutiny.

Things may very well be better there, but right now - you just don't know do you? All you have to go by is the standard they accepted when they bought PFS and assume that is the standard at which they operate their other businesses.

Other regulators may very well open a file, have a look and find it's all okay. But we don't know.

I think the probability of other regulators having a look at their other operations is very very high - almost certain. The probability of them finding problems - I could only guess.

Put it this way, if you were a regulator, and you knew they had a massive problem with a part of their business overseas, would you not want to at least ask to have a look at their operations in the market you have jurisdiction over? Because if there was a problem, and you ignored it after seeing this in the news, it would be embarrassing wouldn't it?

More regulatory scrutiny is almost certain. What they will find, who knows. In the meantime, it is more distractions for management and a loss of confidence from the market. I don't think this problem will go away any time soon.

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Can anyone smarter than me explain what EML does?

I thought EML was a buy now, pay later company?

EML Price at posting: $2.81 Sentiment: None Disclosure: Not Held
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Last 63.5¢		Change 0.000(0.00%)		Mkt cap ! $239.4M

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Ann: Central Bank of Ireland correspondence, page-143

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Ann: Central Bank of Ireland correspondence, page-143

Top Stories

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Issues emerging as Australian companies tackle critical minerals challenge

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Cauldron Energy reports "excellent" uranium assays in latest drill run

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News