I dont thnk that is right ANT. ANZ would not be an unsecured creditor of OP, it had its shares as counterparty security under the master AMSLA.
The massive value lost was from just the change in the AMLA to share price sold. This would have amounted to $150 million plus given that ANZ dumped the porfolio for recovery. The other would be the 95 million that they lent for the round robin.
ANZ should have cut a cheque to OP for the portfolio value as at the 31st March less what they were owed by OP before the change to the AMSLA in the dying days. I wonder if ML AMSLA was changed as well to refelect that change in share value as at the 31st March to price sold?
My guess is that it was $150 million plus or more owed to OP before the 95 million.
The $260 million would be money in OP without ANZ as a creditor. That is 50c alone plus the money back from ML etc.
I dont thnk that is right ANT. ANZ would not be an unsecured...
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Last
$32.38 |
Change
0.245(0.76%) |
Mkt cap ! $96.43B | |||
| Open | High | Low | Value | Volume |
| $32.09 | $32.48 | $32.07 | $34.61M | 1.071M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 3332 | $32.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.38 | 735 | 3 |
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| Last trade - 10.48am 11/11/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |