shauno11
IMHO Morgan Stanley Private Equity Asia [MSPEA] & Lazard Asset Mgt Pacific Co. [LAMPC] have scored a stunning bargain - 15% ABS shares @$1.15 [if bought on mkt this would have sent the SP soaring upward].
IMHO our government should mount an urgetn enquiry into all share transactions relating to ABS undertaken by MSPEA & LAMPC as well as investigating the related performance of ASIC & the ASX.
Given the recent SP trend & apparent timing that now appears to have coincided with the original funding deal SHs don't even know whether or not MSPEA & LAMPC have already been selling their $1.15 shares on market for a handsome $Profit and, if so, whether they are likely continue to do so until the SP drops to $1.15.
On the plus side debt will be retired => less leveraging in the current credit environment. Otherwise there are now 15% more ABS shares on issue with a stake in the net assets of ABS => the real winners are MSPEA & LAMPC & SH get a less leveraged ABS & a diluted shareholding in it.
4YIO - NFA
ABS
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