lovelylovely
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BrendanYour shares in Anglo are worthless.
The government has appointed someone to value them, but it's unlikely that they will put any value on them.
Brendan
I take it from your reply that it has been announced by the government that the Anglo Irish bank has been nationalised...as regards normal procedure I meant the procedure on the stock exchanges as regards a quotation. As far as I'm aware if a company has its shares delisted or suspended that fact appears against its last known share price for a reasonable period of time to inform all interested professional or otherwise in the interest of good practice.I don't think that we have had that much experience of nationalising publicly quoted companies to discuss the "normal procedure".
The bank had lost all its value, when it was nationalised.
The share quotation has not been suspended. I presume it has been delisted.
This has nothing to do with bananas as far as I can see.
Brendan
The government has appointed someone to value them, but it's unlikely that they will put any value on them.
Dubrov,The last price quoted on the stock exchange is just the last price they traded on the exchange. It has no bearing on the price that you will receive for them.
Anglo has indeed been nationalised.
An independent assessor is appointed to try to make a fair valuation on the value of the company. Seeing as the consensus is that the liabilities of Anglo are much greater than their liabilities, it is very unlikely the valuation will be greater than zero.
I’d hold onto the shares just in case but I wouldn’t really hold much hope of recouping anything
The last price quoted on the stock exchange is just the last price they traded on the exchange. It has no bearing on the price that you will receive for them.
Seeing as the consensus is that the liabilities of Anglo are much greater than their liabilities, it is very unlikely the valuation will be greater than zero.
Anglo's liabilities are greater than whos liabilities?
Anglo's liabilities are greater than whos liabilities?
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