The lack of pressure from the senior lenders on the performance...

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07/11/21

22:49

Post #: 57383282
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Originally posted by ballybay: ↑

Unfortunately anchorage have failed the AU operations on a monumental scale as seen by the depressed shareprice.
They are concentrating on their 100% owned UK operations evidenced by the saddling the AU business with the never ending lease guarantees and God only knows what else in an effort to fatten the UK business for sale..
Shine are in the box seat if they swallowed Slaters they would become the largest law firm in AU by a country mile. I'd be happy for a change of ownership at these prices as thats all we are worth. It would see Anchorage crystallising staggering losses. Anchorages average price before the last capital raising was between $3.30 and $4.00. It's mentioned in an announcement if interested. That's some serious money down the gurgler.

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The lack of pressure from the senior lenders on the performance of their investment got me thinking about conspiracy theories. What if?

The same organisation is behind it all:

— UK crap raise
— Shorting the great SGH crash.
— Bank debt fire sale to syndicate
— AC and the senior lenders.

Is AC just a vehicle to hide ownership? All the senior lenders could actually be the same entity hiding behind the investment firms.

They could easily sell the price up and down between each without actually changing their overall holding.

What are they waiting for?
What will it take for them to release the brakes?

SGH Price at posting: 72.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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