Wayville 4
Years ago
Just read this article on the news.com website.
Lost $45M in just two hours!
Surely, this will this have an affect on Brisbane's or the Dome's expenditure?
Article
Isaac
Years ago
Sorry D16, Wayville got in first!
This is from Crikey:
Alas, Australia's most subsidised company might need a spot more assistance from Canberra. Its shares have crashed more than 60% this morning, despite an "urgent" ASX announcement released at 11.30am claiming that everything is fine and dandy.
It seems something was not quite right in the claimed $37 million half year "profit" released after the market had closed yesterday. It's called debt too much of it -- and the familiar folly of paying too much for assets. ABC Learning now joins the likes of Centro, MFS, Allco and Macquarie Fortress on the critical list. Who'll be next?
Having written out a cheque for $403 million last June to buy 12% of ABC Learning at $7.30, Lee Kwan Yew and his children who run Singapore Inc might need to get out the cane for young Eddie with the stock hitting a low of $1.15 this morning. Ouch.
drB
Years ago
i have done some calculations, 16 mar 07 peaked at 7.38 a share and eddie owns approx 20.2 mill shares = approx 149 million dollars in value.
Toda at 2.17 ADT share price is 1.88 X 20.2 = 37.97 million in value.
Therefore since march 07 is share value lost to today is 112 mill.
This surely will have an affect on the brisbane bullets and the nbl.
Its safe to say if the bullets win they wont be going to vegas again :)
me
Years ago
skip..."There goes anymore more renovations to the dome"
any MORE??
:)
Statman
Years ago
drB - Think you will find he owns 37 million shares....
well he did at the start of today anyway - how many he has had to offload due to margin calls would be anyones guess
Sturty6ers
Years ago
Nah, the rats are still there. They are hiding under the new coat of paint.......
thats a $2m new coat of paint thank you very much!
drB
Years ago
statman i use a major providers in the fin markets, ie ires,bloomberg and reuters.
Moses Guthrie
Years ago
A multitude of plasma screens are now available at Cash Converters, with a new truckload arriving soon.
Kent Brockman
Years ago
Lesson learnt here kids is dont employ profesional athletes to manage parts of your business for you
Statman
Years ago
drB - I was going on an article in the Herald Yesterday - Im guesing the 37 million shares is the combination of Eddy and his wifes holding
DB5
Years ago
Should have invested in something a bit more secure.
Firepower?
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