they already own 51% (maybe a bit more) of the company, plus CBA...

they already own 51% (maybe a bit more) of the company, plus CBA own another 12% I think, no shorts what so ever registered, they probably intentionally portrayed worst ever picture to take up some cheap bargain imo.

the book value is 130m inlcuding only 11m intangible, even they write all off, its still a bargain at 40c imo. its a recycle business, buy, rent and sell, if they only pay 5% interest to keep the asset, its not that hard to make money especially they bought cheap from FWD recently any way.