Australia's largest stock trading and investment forum Australia's #1 stock forum

SP1

Click for more information

0.00%

$1.07 southern cross payments ltd

Round 2 ISX vs ASX, page-253

First 253 Last

Share
Profile

Follow
octopusushi

104 Posts.

11

13/08/20

19:15

Post #: 46521421
Share

Originally posted by Managerisk: ↑

Sure. Let’s look at WBC, they’re a massive company with many billions in revenue and many different businesses within the group. They get notified by the regulator that there’s a problem with money laundering within one of the businesses. They admit mistakes and then work with the regulator to identify the problems and the magnitude of the transactions. They notify the market of this and that the fine could be say $1B. Stock gets smashed as the market reacts to it. Yes a $1B fine is large but for a company that makes many tines that in profit each year it’s a flesh wound.
Lets look at ISX. If they’ve done what has been alleged it’s lights out. Stock worth zero. Shareholders lose all money. Also, they’ve refused to cooperate.
My pleasure.

Expand

are you listening to your self? So many conjectures with no proof... I wonder what is your agenda here...

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

DMP

Domino's locks in biggest faller status on Thursday as it closes stores in Asia, Europe

NRX

Noronex joins forces with South32 to look for copper in Namibia

FMG

Andrew Forrest was seemingly possessed by the spirit of hydrogen – now he's cut 700 jobs and canned FFI

EVN

Evolution shares up 3% on quarterly results for June showing rise in gold production

AI stocks: What to expect in 2024-25

There are more pages in this discussion • 1,692 more messages in this thread...

First 253 Last

Add SP1 (ASX) to my watchlist