Shouldn't have much to do with SGH shs, at least not until expiry when new owners may not want to renegotiate and try and get their full 100% principal. Probably also consider it a good risk knowing major banks will have a lot more interest in not forcing any sort of administration!
Main positive is with the purchasers who stand to make a massive gain on their investment. Obviously all about risk reward, but would seem a bit of a bargain noting as I said above not in the interests of the majors to let it fail. Obviously couldn't get better (than 38c), but certainly would think shareholders will feel dudded they couldn't get some of this action.
Of course not sure if any of this has even been confirmed has it??
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