To me a lot is hinged on tomorrows results. If the banks choose to support Hastie and do not include the one off write-offs in the covernance calculation then I would expect a rise in SP given their forward guidance.
If the banks don't support Hastie the worst case would be a trading halt pending further options for financing not far of this would be a further capital raising at this low price. This would see to me a SP drop.
To me this is a flip of the coin type stock. I think the big issue from the banks will be that Hastie has revised this write of figure 3 times and failed to meet guidance several times also.
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- love it,hate it, tomorrow it will be decided
love it,hate it, tomorrow it will be decided
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