"Can anyone shed some light? I reckon that 40% is bollocks."
I completely agree. The plods (FH) tried to argue that because everyone else's claims have dipped you could be better of even if you have lost value yourself. That may be so in proportional terms (in relation to the pool), but your overall maximum claim is still far less than what it was at March 27.
If ML owe back $500m for the preference charge, but may get back up to half as a creditor, why don't ANZ cut a deal for ML to throw in $250m and ANZ throw in $330m, which is only $60-$125m above their preferce charge ($205-$270m), to cover the $580m of total client value swiped at March 27. Could it be that simple?
opes who is better off, page-2
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Last
$29.24 |
Change
0.190(0.65%) |
Mkt cap ! $87.73B | |||
| Open | High | Low | Value | Volume |
| $29.35 | $29.35 | $28.80 | $139.1M | 4.776M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $29.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.25 | 25007 | 7 |
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