ANZ anz group holdings limited

m.west on anz, page-4

  1. 1,030 Posts.
    This article says Blumberg told them about the second $100m hole

    This is not in accord with my memory of how ANZ said events unfolded

    It was a workout ..the Organised Norm Seckold to be let out (95m)

    And arranged a secured charge ..for $95m (which i am still uncertain whether it was cash or the price of letting NS out..and established a $800m charge

    then discovered the second humdred Milion hole..thus Administrators then a few minutes latter Recievers


    If they were aware of the Total 200m problem ..it doesnt look good from ANZs perspective

    All actions inc Adjustments to the Amsla could be voided

    ANZ would need to disgorge according to the paper $300m ..Merrils and Dresdner $100m


    Plus ANZ officers might be in a very sticky wicket with ASIC

    Overiding this is the claim of Beneficial Ownership to the Clients

    Why arent the Administators pressing this as their primary argument?
 
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(20min delay)
Last
$29.86
Change
0.695(2.38%)
Mkt cap ! $88.78B
Open High Low Value Volume
$29.17 $29.92 $29.17 $110.7M 3.734M

Buyers (Bids)

No. Vol. Price($)
4 737 $29.85
 

Sellers (Offers)

Price($) Vol. No.
$29.86 7183 25
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Last trade - 15.40pm 01/07/2025 (20 minute delay) ?
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