in all fairness to ANZ , they got played. if they had have sunk them on day 1 of the problems going to light, they would have been roasted by the media ( and quite rightly imho) they tried to work woth them, but in the end forges sitituation once you scratched the surface must have been diabolical. they took over as bankers in july last year, so suggest there will be some big questions being asked by the boys at docklands to the boys in allendale square.
balance sheet before this was at the upper end of leverage for a contractor once insurance bonds / bank guarantees were bought to account.
FGE Price at posting:
91.5¢ Sentiment: Sell Disclosure: Not Held