I tend to agree with Outback. I am trying to think of a scenario where you could go wrong if they happen to hit about 45c and you bought there?
there would be close to 40c a share from westpacs payment.
then say rams can not finance the existing loan book, what happens then? well it goes up for sale right and some big players pay something for it because they have the ability to finance it?
am i missing something, where is "the word", or some poster a big bear on the stock, can the existing loan book be sold for something? the market is saying it is almost worthless?
RHG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held