RDF 0.00% 90.0¢ redflex holdings limited

Yeah, aaremms- I read that article, too. I guess the AFP are...

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  1. asf
    9,888 Posts.
    Yeah, aaremms- I read that article, too. I guess the AFP are just doing their job- checking if there are international crossovers, etc.

    Here's the article, if anyone wants a look:

    http://www.afr.com/p/technology/redflex_scandal_in_afp_sights_wssYAJdORg7L81FNQhSnFM

    RDF being bought like there is a takeover offer on the table for multiples of the share price! RDF have said they are uncertain about paying a dividend. I reckon some group or other wanted to take over one of the parts of RDF, RDF could then pay out the $24m debt they owe, be debt-free, and pay out a dividend. I think they need to be debt-free, because if criminal charges are laid, and the banks are uncomfortable, it is not gonna be good.

    Meanwhile, the market says RDF is a buy. I reckon it must be a wait, just because things are not looking better, and I cannot see the next ANN being a good one. The scandal has widened.
 
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