News: SGH Australia's CBA hit with lawsuit over pension investments, page-6

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EtfTrader

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10/10/18

16:30

Post #: 36071389
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Originally posted by denbo ↑

Problem is ... who's going to pay is ... well... everyone.

Before people start doing cartwheels about the banks 'getting-their-just-desserts' they might like to consider any loans they may have - which are always with banks no matter who the front-end lender is.

Banks NEVER lose.

Just wait for bank charges, and more likely interest rates, to rise as banks recoup their losses.

My suggestion is, be ready-cash available and/or make plans to pay off outstanding loans and mortgages - I see a bad moon rising for borrowers - I see trouble on they way ...

And I wouldn't be relying on the SGH SP to be much help in the short term.

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who gives a damn about this....I am a renter so I dont care anyways....I am debt free too so screw the banks I say...they have screwed everyone...property prices are going to fall regardless of the fees they charge...as long as SGH wins class actions and earns more from providing justice to people.

Originally posted by Braintot ↑

If SGH rakes in say $35 M from class actions twice a year then they can do a special payment say $1 p.a. per share fully franked every time the big payment comes in.

The bulk ie 95% would go to the hedge funds so they should be happy esp as they come franked. For me it would take 15 odd years to recoup losses at $2 per share per year but it's a start.

Meanwhile instead of holding breath and crossing fingers for SGH to strike it rich I'm trying to sell some more cheap property to save on rates and pay off the bulk of the mortgages but selling can take two or three years as it is out in the country.

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my cost is 3.6 so 1$ per share every year is gold for me....

SGH Price at posting: $2.84 Sentiment: Hold Disclosure: Held
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News: SGH Australia's CBA hit with lawsuit over pension investments, page-6

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