From memory ANZ spend 50 million on legal costs for the RC.
Jhc will need to spend millions with potential punitive fines. Interestingly the market it too scared to touch jhc until after the RC. From my reading NTA is around the current MC effectively giving no EV to jhc at all. You could float the realestate assets into a separate entity to help capitalize Jhc against the cost of the RC. Private equity should be all over this.
JHC Price at posting:
$1.12 Sentiment: Hold Disclosure: Held
