shauno11
IMHO Morgan Stanley Private Equity Asia [MSPEA] & Lazard Asset Mgt Pacific Co. [LAMPC] have scored a stunning bargain - 15% ABS shares @$1.15 [if bought on mkt this would have sent the SP soaring upward].
IMHO our government should mount an urgetn enquiry into all share transactions relating to ABS undertaken by MSPEA & LAMPC as well as investigating the related performance of ASIC & the ASX.
Given the recent SP trend & apparent timing that now appears to have coincided with the original funding deal SHs don't even know whether or not MSPEA & LAMPC have already been selling their $1.15 shares on market for a handsome $Profit and, if so, whether they are likely continue to do so until the SP drops to $1.15.
On the plus side debt will be retired => less leveraging in the current credit environment. Otherwise there are now 15% more ABS shares on issue with a stake in the net assets of ABS => the real winners are MSPEA & LAMPC & SH get a less leveraged ABS & a diluted shareholding in it.
4YIO - NFA
- Forums
- ASX - By Stock
- ABS
- spp
ABS
a.b.c. learning centres limited
spp, page-2
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ABS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online