TGA 7.89% 20.5¢ thorn group limited

Ann: Change in substantial holding from FOR, page-27

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  1. 2,320 Posts.
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    Mkr

    In essence I agree that NTA would seem to support the SP in spades. My comments suggesting that FOR may not wish to buy more is based on my own situation – I have too many TGA shares to buy more, but if I had a modest holding, and some money looking for a punt, I would consider getting a few more. However, TGA is still a punt – management could squander the NTA by generously rewarding themselves, and making silly decisions.

    Relevant to the class action, out of curiosity I checked the recent court orders issued by Federal Court of Australia, New South Wales Registry. There is nothing startling, just follow-up document-access legalities that relate to the Court Order of 10 May 2018 in respect to subpoenas that TGA was authorised to issue to:

    (a) National Australia Bank;
    (b) Bendigo and Adelaide Bank Limited;
    (c) Sri Ganesh Investments Pty Limited;
    (d) Cash Stop Financial Services Pty Limited;
    (e) Money3 Braches Pty Limited;
    (f) St Vincent de Paul Society NSW; and
    (g) King Quartet Pty Limited [a jewellery firm].
 
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