The value of the RHG portfolio was estimated at between 25 cents and 42 cents a share by an independent expert last year, with the Westpac deal worth a further 35 cents a share. It may not be much for a company that floated at $2.50 a share less than a year ago but at least RHG appears to have salvaged some value from what went close to being a total wipe-out.
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