I am starting to think their is no good entry for RHG.
This share could go into a trading halt at any point and never come out again and whatever you have on it at that point....you lose forever.
Falling 15% a day now...down from $2.50...westpace picked all the ok business parts out of RHG for $140 million and left a 14 billion loan book with 6 billion of it needing refinancing.
Westpac is chipping in 1.5 billion i think but the US XCP refinaincing is still on shaky ground.
So what is the Rams loan book worth now?
I heard a lot say 35 cents for sure.
Its definately not right as we have had a massive fall since then.
I have heard a lot say also ZERO.
So time will tell....I think we will know soon enough.
We are running out of buyers for the sellers to dump into.
I can see it getting to below 20cents tomrorow or wednesday though at this rate.
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