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铁矿石供应商面临降价压力--By Javier Blas & Patti Waldmeir 最后跟贴：恩，武钢的2座高炉也只剩1座了，工人工资都只发80%~ 最后发表：东区胖哥	jialiren 2008-10-31 14:36	21577	东区胖哥 2008-11-2 10:44
Bought the following stocks today 最后跟贴：其实矿产开采出来一定数量之后，以后靠回收技术反复循环利用就是最后发表：RichC	Granty 2008-10-27 11:57	142717	RichC 2008-11-1 22:17
non-renounceable entitlement offer 最后跟贴：最讨厌这种NON-RENOUNCEABLE的，逼人买，不买就等着被稀释～最后发表：Devil_Star	xyliu925 2008-10-31 12:56	21844	Devil_Star 2008-11-1 21:52
号外号外:RBA有意降0.5% 最后跟贴：原帖由 lizhe1985 于 2008-11-1 09:38 发表 rudd干了这么多事儿怎么也没感觉有成效啊。。 Cant be so fast. Any fiscal policy needs months to show some effects. 最后发表：大球球	idog8818 2008-10-31 15:45	112062	大球球 2008-11-1 09:50
No recession for Australia, says Rudd 最后跟贴：i wish.. 最后发表：lizhe1985	Supercobra 2008-11-1 08:26	21593	lizhe1985 2008-11-1 09:37
我是如何从653人民币换到417人民币的，出手5次，次次失手。最后跟贴：LZ别难过了，好多人都换惨了, 包括我. [ 本帖最后由沐雅于 2008-11-1 02:41 编辑 ] 最后发表：沐雅 ...2	tanshen 2008-10-27 22:05	394070	沐雅 2008-11-1 02:02
★2008，A股复兴之路最后跟贴：【原创:清香绿茶　 2008-10-31】　　 2008，A股复兴之路　　－请在控制条中选择播放－　　　　昨夜星辰细数冷暖　　谁在风中吟唱悲欢　　莫笑痴心人多情　　怎奈何世事变幻　　秋风叶落花残香　　怎不叫人寸肠断　　　　－－音乐《春晓》　　　　呵呵，这个题目是乎有点“蛊惑人心”，当下A股市场风声鹤唳，成交低迷，6000点下来的调整好象还没有完成，市场和很多投资者完全丧失了以往大牛市的信心…..有投资者会觉得美国、日本、港股等还没有跌倒位，何况是A股呢。　　　　进行适当的对比是有必要的。。。　　　　A股市场如此严重的暴跌并没有引起投资者的足够重视，随着调整时间的延长，很多人适应了，也麻木了，甚至有人认为认为“A股市场将去800点”。　　　　　　　　如果你熟悉上面几行文字，就应该知道这是我从多彩名帖嗨嗨人生的《2008，A股崩溃之路》改过来的。实际上，这里呢，我并非看空，我可以明确地告诉你，这里就是底部～　　　　没有时间长篇大论，就陈列一些简单的思路吧：　　　　1、衡量市场价格总水平的市盈率和市净率指标跌回到05年底部区域，用相对估值法对A股市场进行估值，得不出现在还有很大泡沫的结论来～～这两个指标是摆动类指标，到顶和到底都会钝化并失去参考价值的，当我们不能用这两个指标判市并且开始困惑的时候，底部就在眼前了～～　　　　2、行业评判：根据以往例如钢铁、有色等强周期行业的表现来看，市盈率最低水平在产品价格见顶当年见底，市净率水平在产品价格触底前一个季度见底～A股市场大部分都是周期类行业，尤其以制造业最多，根据周期性行业在股市以往的表现，往往在戴维斯双杀完成之后开始和实体经济出现分化，股市先见底并领先至少一个季度。4季度，就是现在，是股市见底的时候，而此时你听到的却是一连串悲观的消息，破产、自杀、恐慌、战争等等，但当这些可怕的坏事情充斥着市场的时候，转折开始了。这一段，要去看看艾略特在分析1929－－1932美国股市引用的材料就知道和现在没有什么区别。　　　　3、价格评判：由于A股市场历来的投机性，衡量绝对价格水平是一个很有效的指标。目前，大部分股票价格介于3－－5元，有人认为A股将来会出现仙股，不会的，投机性使然，多少次大熊市，除了业绩太差直接退市以外，没有见到仙姑遍地的景象吧？便宜就是好的。一句话，A股的症结就在于这种投机性，这让很多价值投资者很不适应，往往跌过头或者涨过头，也往往不按照他们的逻辑来走～两市整体价格到了这个时候，基本上已经具备一定的吸引力～不必靠不断下沉的比价效应或者A+H的数据来吓唬自己～　　　　4、技术一下，还是根据波浪理论对于推动浪的演绎，目前从6124开始的A浪基本上已经接近底部区域，我已经不数浪了，但事后计算的是也应该在1645－1650区间浪A见底～～差不多了已经～具体的数浪方法，已经有很多人写明白了～目前A股整体跌幅已经跃居世界十大股灾的第三名，因此完全可以按照以往的经典走势来判市，我是说会和1932年和2000年以后的美国市场的两段走势一样。　　　　　　　　5、未来的想象：VULW 　　　　以往见底后总是V字型爆发开始反转，我认为这种可能性不大，主要是因为熊市思维的惯性吧还在起作用，很多资金仍然没有走出估值的困惑区，未必会在第一时间进场。　　　　U型也不是什么大概率事件，由于市场普遍认为09年宏观经济增速仍要放缓，因此，期望短时间内解决因为美国次贷危机引发的全球衰退并不现实。反映在股市上，回到以往的高点恐怕是多年以后的事情了，这在A股市场最为明显了。　　　　L型就是以往01－－05年大熊市的表现，是一个向下倾斜的坡坡，L并不标准，主要是那时候全流通的问题总是挤压着市场做多的力量。经过这次市场的剧烈调整，以后A股长时间内再现这种下滑的L型也并非不可能。　　　　W型，比较现实的就是这种形态，而且还不是一个W，而是一连串的wwwwww，主要就是大小非的问题，使市场整体无法走成上升趋势，直到消化了大部分的大小非后，尤其是小非，市场才能真正走出趋势化走势。我的意思是说，以后就是一个箱体走势，不同的是，有些时候吧，箱子高一些，有些时候，箱子低一些罢了。除非有更好的办法解决大小非的问题。　　　　如果对未来的理论上的B浪有所期待的话，有可能是另外一个字母的形态－－S，不过，要倒下来平着看才是，就是那个“约等于”的符号。这个在1932年以后的道指和2000年以后崩掉的纳指都可以找到类似的形态和走法～　　　　　　　　就A股市场来说，用“复兴”这个词也不太准确吧，我只是想表达调整的趋势开始要扭转了，很多迹象表明市场已经开始在犯错误了，强周期行业已经在跌掉了80％后开始有所表现，弱周期行业开始进入最后的补跌阶段，主导A股指数的几个主要行业－－银行、煤炭、地产、钢铁、有色均已经进入恐慌结束后的滑行时期－－就像飞机着陆一样，这个时候肯定是有颠簸的，但会很快结束～　　　　Wo～～还是持有以往的观点－－－一个超低的价格和意外的货币松动，虽不至于带来大牛市，但扭转原有的下跌趋势，现在的条件已经足够了。　　　　两个小时前，上来看美股开盘，再看了论坛的一些帖子，还有很多看空到不行的，本来不想写什么的，也不太爱和别人辩论，干脆就急急忙忙写上几段话，反映下自己的观点吧，没有认真思考，其中一些观点吧都是道听途说来的，这些观点可能来自于电梯间、茶楼或者御品轩的面包师，所以，还不是很确定，有待于市场验证。我的目的就是要告诉大家，不要自己吓自己了，要多注意市场出现的积极的一面，用嗨嗨人生那个帖子的结尾来结束吧：“2008年的中国股市充满危机和变数，很多中小投资者在这轮大牛市积累的财富很可能灰飞湮灭…….”，　　　　而我改了下－－－“2008年以后的中国股市充满机会和期待，很多中小投资者在这一轮大熊市中失去的财富还是有机会再夺回来的。。。” 　　　　音乐《春晓》很好听，古典元素俱全，现代因子也不少，适合各类乐迷～～　　　　莫笑痴心人多情　　怎奈何世事变幻　　待今宵又成往昔　　百花依旧笑春风　　　　免责声明：1、很少晚上写东西，不排除现在是在梦游，所说的东东比如－－我可以不负责任地告诉你现在就是底部之类的吧，不承担法律责任～～　　　　2、很多观点没有细化，因为太晚了，不想让版主加班看长贴，就简单罗列下，有些可能是废话，各位不必苛责～　　　　3、底部往往是复杂的，但我认为是一连串的弹坑，直到炮声停止，所以，节奏很重要，你不应该因为处于一个底部区间而仍在亏钱，所以操作上还要避免追涨杀跌才行的。　　　　晚安了～～　　　　最后发表：page0023	page0023 2008-10-31 22:56	01403	page0023 2008-10-31 22:56
bank bubble chart 最后跟贴：看来应该考虑到大漠去工作哦:) 最后发表：sweeet	sweeet 2008-10-30 14:51	41652	sweeet 2008-10-31 09:45
我对金融风暴的一点看法. 最后跟贴：可以理解，答案尚未清楚。最后发表：安远翔	elfciel 2008-10-29 17:59	22285	安远翔 2008-10-31 03:54
卖猪男与少妇女之搞笑对话（金融篇）最后跟贴：牛！最后发表：风中旗	Ben2009 2008-10-29 22:39	61912	风中旗 2008-10-30 20:03
求助，在墨尔本怎样把澳币换成人民币或美元？最后跟贴：我4.57换来的，想把它放了，等0.58：1的时候换回来。折腾折腾有劲，反正闲着也是闲着。我估计超过50%概率是要往下掉的，省得到时候后悔。最后发表：zhenzhen518	zhenzhen518 2008-10-30 16:54	21648	zhenzhen518 2008-10-30 17:39
中国再度减息最后跟贴：世界经济一体化,全球统一进退, 最后发表：flinders16	RichC 2008-10-29 22:26	21951	flinders16 2008-10-30 13:41
金融危机对我打击太大了。最后跟贴：原帖由 tanshen 于 2008-10-29 18:36 发表我不比你们，大学毕业国家分配工作，第一年月收入才320人民币，工作一年后转正是630人民币，工作三年后收入才到800，工作6年后收入才到2000人民币。哇，卡哥还是不错滴，我刚工作滴时候，月薪227，奖金50. 等我辞职滴时候，那个时候已经是科长了，月薪奖金1000，奖金100，年终奖5000.当时已经工作8年了，后来呢，才多一点。卡哥一直叫穷，让人不信，现在卡哥可是澳洲电力工程师了，一个月的薪水相当俺3个月滴，还不知足啊:) 最后发表：语阁	tanshen 2008-10-29 18:15	132762	语阁 2008-10-30 11:27
证监会：融资融券仍在稳步推进 --对今天香港的报道进行辟谣！最后跟贴：券商股可能会反弹的。最后发表：不会游泳的鱼	jialiren 2008-10-29 23:17	21521	不会游泳的鱼 2008-10-30 06:53
中国人民银行决定下调金融机构人民币存贷款基准利率最后跟贴：刚刚中国证监会也辟谣了对于29日称，“香港南华早报此前报道称,中国已决定暂缓推出证券公司融资融券业务试点，并说这一延期举措料将持续很久”受此消息影响，沪深券商股29日全线暴跌。中国证监会申明：融资融券进程没有停滞，仍在稳步推进。现在大跌证监会也急了最后发表：jialiren	Ben2009 2008-10-29 22:42	41958	jialiren 2008-10-29 23:20
澳大利亚正面临热钱撤离之忧最后跟贴：原帖由吃喝拉撒睡于 2008-10-29 22:38 发表现在，进不？你指什么？最后发表：Devil_Star	jan 2008-10-29 21:00	52099	Devil_Star 2008-10-29 22:52
中国的融资融券或推迟券商板块整体下挫--- sohu网最后跟贴：中国的融资融券或推迟券商板块整体下挫 http://stock.sohu.com/20081029/n260315557.shtml 午后，沪深两市股指出人意料地跳水深跌，股指顷刻翻绿。券商、外贸、纺织服装等板块大幅下跌造成了股指的重挫。券商板块整体下挫，跌幅达6%，昨日表现较好的海通证券现在下跌6.3%（13点51分），国元证券下跌5.8%，中信证券也下跌逾6%。　　香港南华早报周三报导称,中国已决定暂缓推出证券公司融资融券业务试点,因担忧此举将引发市场进一步动荡. 　　南华早报援引接近中国证券监督管理委员会的一位消息人士称,上层人士们表示,融资融券业务可能导致更多投资者面临严重损失. 　　报导并称,一证监会官员称,这一新型交易机制原预计将于下月启动,但目前已"暂时延期",并仍在等待批准.同时,一些消息人士称,这一延期举措料将持续很久. 最后发表：jialiren	jialiren 2008-10-29 17:41	01429	jialiren 2008-10-29 17:41
紧急求助最后跟贴：我现在就不会用澳元换回去人民币，如果换就相当于自己踩自己，我是5。687人民币换1澳元换的，现在4。5人民币换回去，我傻啊？澳元利息还高，人民币银行不能存啊。最后发表：tanshen	Sharon_china 2008-10-28 14:46	122164	tanshen 2008-10-29 17:40
金融危机对我的影响最后跟贴：变征文。最后发表：tanshen	tanshen 2008-10-29 14:38	71999	tanshen 2008-10-29 17:34
汇率，让我想哭（不，已经偷偷的哭过一次了）最后跟贴：原帖由 sakesake 于 2008-10-28 20:19 发表５年前ＡＵＤ５块的时候换了钱买的房子，现在跌到４块多一点．．．降息那天忍不住５．７３换了１０万ＡＵＤ．．．中国股市亏了１４０万ＲＭＢ．．楼主不要难过了，我现在是想都不去想了，钱生不带来死不带去 ... 1。你5年前5刀换得时候买房子，至少你也享受了5年啊 2。5.73换了10万刀，那也比6.7时便宜了1块多啊。 3。140万人民币所谓的亏在股市，那你要不出来的话，几年后股市如果反弹，你还有翻身的几乎啊还有啥睡不着觉的，想不开的？最后发表：神仙老虎狗 ...2	不是随便的虫虫 2008-10-27 13:01	515790	神仙老虎狗 2008-10-29 13:57
赵丹阳像珍惜生命一样珍惜本金最后跟贴：原帖由我是老人于 2008-10-29 10:30 发表他还是离场早了. 赵是踏空了一段，但是你要是算算这个2年下来平均收益能达到30%的，基金经理有几个？？？？你可不要说06年的以前哦。最后发表：油花生	油花生 2008-10-28 22:13	82053	油花生 2008-10-29 13:14
U.S. Stocks Rally, Dow Jones Industrials Climb 889 Points 美国股票28日大涨最后跟贴：休息几个月？开玩笑！这可是数十年来最赚钱的行情最后发表：不会游泳的鱼	jialiren 2008-10-29 07:29	101895	不会游泳的鱼 2008-10-29 12:38
预测澳洲央行3道防线，助您决胜澳元世纪之战最后跟贴：意淫贴，中国这次能自保就不错了。最后发表：princeton	揸fit人 2008-10-28 14:07	253050	princeton 2008-10-29 11:30
股市奇观大众汽车连续暴涨成为世界第一市值公司最后跟贴：原帖由 RichC 于 2008-10-29 09:52 发表估计那些hedge funds要破产了，呵呵如此一来长仓里的股票都要抛售，其它蓝筹股怕要狂跌一把。最后发表：不会游泳的鱼	RichC 2008-10-29 09:39	62438	不会游泳的鱼 2008-10-29 09:55
大摩“屡发屡中”背后的真实意图最后跟贴：汇丰控股的“巧合” 　　香港不愿公开姓名的投行人士对本报说，“恒指今天恐慌表现可能跟一个事件有关，这就是摩根士丹利对于港股超级蓝筹——汇丰控股(0005.HK)的目标价调整。” 　　约在10月24日，摩根士丹利把汇丰控股目标价从100港元下调至75港元。原因是担心汇丰控股的利润增长势头放缓、股价开始跑输大市。摩根士丹利称，汇丰控股不能不受英国/欧洲和亚洲经济普遍滑坡的影响，即其利润和现金流将面临更大压力，股息面临更大风险，预计2009年股息将减半。维持减持评级，因为汇控较其他英资银行股拥有巨大估值溢价。　　前述投行人士感叹，“上周摩根士丹利的预测竟然在今天分毫不差地实现，10月27日汇控恰好就跌14.773%报75.000港元，你说这是个巧合吗？” 　　他说，“如果将一些事件联系起来，可以发现，持有不少汇丰控股股权的苏格兰皇家银行(RBS)刚刚确认资本充足比率不足，需要融资或者回收投资资金以保障资本充足率，假设有投行为RBS做一个“系统性抛售计划”的服务，那么有可能，该投行可能结合汇丰控股75港元目标价的研究报告，同时找来其他投资者来做一些衍生产品，这些衍生的特点是在汇丰股价触及75元时，持有这些衍生产品的投资者将买进汇控股票，这样一来，RBS的抛售计划就很容易被‘制作’出来，在汇控股价高于75港元时，RBS可以在市场上抛售汇控股票，然后在下午收市前的集合竞价时段，将汇控的股价打到75港元，这样的话，衍生品持有者就触发了执行衍生合约的临界点，最终RBS成功地将手中的汇控股票以高于或等于75港元的价格清掉。” 　　前述人士续称，“持股规模变化的公告一般要交易后5个工作日才发布，届时只要看一下RBS对汇丰控股的持股规模，今天恒指狂跌的真相就明确了。在这次金融风暴中，汇控的表现相对于很多同行算是很好的，它至今未需要向市场融资、也没有在市场上供股，现在它是9倍的PE。作为超级大蓝筹，很难从基本面上去解释汇控今天狂跌。” 最后发表：不会游泳的鱼	不会游泳的鱼 2008-10-29 09:46	11451	不会游泳的鱼 2008-10-29 09:47
。。。。。。。。。。。。。。。你就别八卦了 - [阅读权限 110]	heroxk 2008-10-28 19:46	41104	51688 2008-10-29 09:10
大家是不是觉得现在澳洲股市和汇市和80年代末很像？最后跟贴：这次比87年更折腾人。。。最后发表：黑山老妖	gandalf 2008-10-16 16:34	51861	黑山老妖 2008-10-29 08:01
你要说我看澳元，可以追溯到11年半前。最后跟贴：那时候美元对人民币的汇率不一样啊最后发表：全家桶	tanshen 2008-10-28 20:49	11651	全家桶 2008-10-28 23:00
（转帖）超级强文：终于发现我们真的错怪了美国！最后跟贴：金钱世界的规则. 中国现在在 WTO 也只是其中的棋子. 值得注意. 最后发表：thya2008	gandalf 2008-10-20 20:42	142399	thya2008 2008-10-28 17:14
弱弱的问：现在用美元买澳币合适吗？在哪家银行可以买最后跟贴：最后发表：sunrise	嘟do 2008-10-28 11:34	31651	sunrise 2008-10-28 12:10
转: 澳元兑美元10月27日分析最后跟贴：看来还不是买的时候. 最后发表：likespring	jerrywang 2008-10-28 09:42	72227	likespring 2008-10-28 12:09
Time-out for Allco --对ALLCO 来讲已经没时间了 FROM THE AGE NEWS 最后跟贴：Time-out for Allco---对ALLCO 来讲已经没时间了 http://business.theage.com.au/bu ... 28-5a3f.html?page=2 虽然ALLCO 的CEO 也已经做了很多的努力，但结果可能还是best option for Allco directors would be to file for a wind-up.除非有什么奇迹。 Ever since the credit crunch, the banks have been busy perfecting their security over the so-called Bad Boys: the likes of Allco, Centro and ABC Learning. That is, they have sought to prop up the Bad Boys with a credit lifeline in return for a secured charge. In so doing they replace their unsecured negative pledge positions with secured creditor status and therefore rank ahead of shareholders in a wind-up. Anybody unfortunate enough to still own shares in the Bad Boys, or foolhardy enough to have waded in for a spot of bargain hunting, should be under no illusion the prospects for the survival of your equity are remote. Under company law, a charge that has been taken over a company's assets can be rendered void if the company goes bust within six months of that charge being taken. In the case of some credit meltdown victims, we are approaching that six-month threshold now. Once the banks have taken their charges and seen out that six-month period, shareholders can kiss their chance of a return goodbye. Shareholders must be aware of this and should put pressure on so-called independent directors to protect their rights. If independent directors deem that the banks are merely perfecting their security and the company has little hope of surviving in the longer term they should appoint a voluntary administrator. Allco poised Let's look at the case of Allco. The banks were granted their charge on May 6. The six-month period for the banks to perfect their security is up on November 6. There is a little over a week then before shareholders get to line up behind the banks. Here's the background for the ten-day ultimatum given by Allco directors to its banking syndicate. Allco reported on May 1, " in order to obtain the bridge facility extension and as a condition to the other senior banks continuing to negotiate the restructure of Allco's senior debt facilities, the banking group required Allco and each of its subsidiaries who are currently guarantors of the senior debt to grant security over all of their assets to the senior banks." At that time, there had been no financial default by Allco and all interest and principal repayments had been made but the relevant market capitalisation clause caught the company out and the banks used their negotiating position to obtain security via a debenture charge. Since then, the senior debt has been reduced by around $350 million, from $1 billion to $667 million as of 17 October 2008. This is not a bad effort from chief executive David Clarke and his corporate repairment. And it is certainly better than a forced sale given that the company retains its "crown jewel" operations. At June 30, Allco's net tangible assets (adjusted for minority interests and deferred tax assets) stood at $21 million. There was some commentary that the carrying values of the assets of the company undervalued its main shipping and aircraft leasing businesses. Asset values shrink But the economy has since deteriorated, dragging realisable values along with it, indeed to the point that there may now be a deficiency of assets. In other words, equity value in the company is probably zero, a fact that has been readily implied in the market price of the Allco ordinary equity for months. The stock prices have reflected option value only. What happens if/when Allco goes caput? The loss to be suffered in the event of an administration falls firstly on the unsecured creditors of Allco, the largest constituent part of which are the holders of Allco Subordinated Notes (AFGHA). These notes were issued in mid June of 2007 at a face value of $100 per note, raising $350 million. Typically, the notes were subscribed to by income funds and pensioners or retirees looking for a steady but unspectacular payment of interest until redemption. They have received anything but. However the granting of security by Allco to the banks on May 6 has had a terrible effect on their position. Instead instead of ranking equally with the senior debt holders, they now rank behind them. Instead of sharing any return they will only get to see the crumbs left over after the banks have fed, if there are any crumbs to be had. While the granting of security was permitted under the terms of the note, noteholders could hardly have anticipated that this would have occurred just ten months after the notes were issued. Banks' security As for the issue of the banks' security being voidable by a liquidator within the six-month period, this issue is paramount for the board of Allco. The senior debt holders provided no additional advance in exchange for their first-ranking debenture but have simply used their superior negotiating position to oblige the issuance of the debenture security at a time when Allco was still complying with its obligations under the lending agreements. By doing so, they have been elevated from being unsecured creditors to holding first ranking security. Their win is a noteholders loss. Against this background, you can bet the banks will bend over backwards in their speed to grant Allco an extension of time to meet a revised debt repayment plan. The banks need only wait till November 6 and their security will be perfected. The Allco directors should seriously consider whether an extension is in the interest of the stakeholders of the company. Are noteholders and shareholders better served by placing the company into liquidation? It would appear so. The economic havoc has only got worse. It will persist for some time as asset values come under further pressure amid the rush to deleverage. Shipping rates have reduced significantly in the face of looming global recession and airline leasing faces a harsh operating environment. Property prices are unlikely to recover for years. Unless this logic is faulty it would appear the best option for Allco directors would be to file for a wind-up. mwest@fairfax.com.au BusinessDay At June 30, Allco's net tangible assets (adjusted for minority interests and deferred tax assets) stood at $21 million. There was some commentary that the carrying values of the assets of the company undervalued its main shipping and aircraft leasing businesses. Asset values shrink But the economy has since deteriorated, dragging realisable values along with it, indeed to the point that there may now be a deficiency of assets. In other words, equity value in the company is probably zero, a fact that has been readily implied in the market price of the Allco ordinary equity for months. The stock prices have reflected option value only. What happens if/when Allco goes caput? The loss to be suffered in the event of an administration falls firstly on the unsecured creditors of Allco, the largest constituent part of which are the holders of Allco Subordinated Notes (AFGHA). These notes were issued in mid June of 2007 at a face value of $100 per note, raising $350 million. Typically, the notes were subscribed to by income funds and pensioners or retirees looking for a steady but unspectacular payment of interest until redemption. They have received anything but. However the granting of security by Allco to the banks on May 6 has had a terrible effect on their position. Instead instead of ranking equally with the senior debt holders, they now rank behind them. Instead of sharing any return they will only get to see the crumbs left over after the banks have fed, if there are any crumbs to be had. While the granting of security was permitted under the terms of the note, noteholders could hardly have anticipated that this would have occurred just ten months after the notes were issued. Banks' security As for the issue of the banks' security being voidable by a liquidator within the six-month period, this issue is paramount for the board of Allco. The senior debt holders provided no additional advance in exchange for their first-ranking debenture but have simply used their superior negotiating position to oblige the issuance of the debenture security at a time when Allco was still complying with its obligations under the lending agreements. By doing so, they have been elevated from being unsecured creditors to holding first ranking security. Their win is a noteholders loss. Against this background, you can bet the banks will bend over backwards in their speed to grant Allco an extension of time to meet a revised debt repayment plan. The banks need only wait till November 6 and their security will be perfected. The Allco directors should seriously consider whether an extension is in the interest of the stakeholders of the company. Are noteholders and shareholders better served by placing the company into liquidation? It would appear so. The economic havoc has only got worse. It will persist for some time as asset values come under further pressure amid the rush to deleverage. Shipping rates have reduced significantly in the face of looming global recession and airline leasing faces a harsh operating environment. Property prices are unlikely to recover for years. Unless this logic is faulty it would appear the best option for Allco directors would be to file for a wind-up. mwest@fairfax.com.au 最后发表：jialiren	jialiren 2008-10-28 11:57	01333	jialiren 2008-10-28 11:57
澳元已经跌到0.6014 最后跟贴：还要多久? 最后发表：我是老人	不会游泳的鱼 2008-10-28 08:15	11613	我是老人 2008-10-28 09:05
澳元汇率本周可能跌破US60c 最后跟贴：希望这一周完成最后一跌最后发表：RichC	一炷香 2008-10-27 11:43	122174	RichC 2008-10-28 00:22
请教外汇版的达人们：为什么现在美元会这么强。最后跟贴：原帖由 megajet 于 2008-10-27 23:24 发表美国那7，8千亿的救市的钱哪儿来的？还不是从世界各国“吸”来的。美元作为货币也是一种商品，市场上少了，自然就贵了萨。同意这个观点，现在美国又不敢肆无忌惮的印钞票，所以没有奇缺。最后发表：aussi	maleela 2008-10-27 20:03	91931	aussi 2008-10-27 23:29
让我先笑一下，然后哭哭哭最后跟贴：原帖由 tanshen 于 2008-10-27 19:13 发表特别是2006年9月开始到2007年7月,我是经常看汇率牌价,真没太低的,要的那天最后去上海的复旦大学旁的中国银行兑换了最后出国前一次,还是6.53人民币.之前在蒲东的中国银行还交易了一次,也是6.49 卡哥还去过复旦大学旁的中国银行-五角场-离美国的五角大楼的很近的？行程复杂，不单单在北京？ [ 本帖最后由 jialiren 于 2008-10-27 23:15 编辑 ] 最后发表：jialiren	tanshen 2008-10-27 18:44	131928	jialiren 2008-10-27 23:12
澳元持续下跌的可能原因最后跟贴：我觉得重要的原因在于目前澳元利率太高，市场普遍认为澳元还要不断地降息。只有RBA一次性降息2%，向市场发出澳元没有减息空间的信息了，澳元才会止跌。不过我想RBA不会这样做的。（纯属个人看法，haha）最后发表：flyWithoutWing	flyWithoutWing 2008-10-27 22:40	01672	flyWithoutWing 2008-10-27 22:40
感觉澳股还有很大的做空空间最后跟贴：自从政府保障存款之后，那些基金遭遇赎回潮，很快他们就要洗仓了吧，而且这两天没有跟随亚洲股市暴跌，补跌空间巨大啊。最后发表：不会游泳的鱼	不会游泳的鱼 2008-10-27 22:30	01450	不会游泳的鱼 2008-10-27 22:30
问下现在在这边存保证金用什么币种合适最后跟贴：我州政府担保需要20000澳币，我想问下大家，现在用哪个银行的账户比较好呢？考虑到现在澳币一个劲的跌，也不敢换成澳币有点问下各位换成美金合适么？要是换成美金存的话，存哪个银行手续费比较少的啊？谢谢诸位咯最后发表：helnandez	helnandez 2008-10-27 22:05	01371	helnandez 2008-10-27 22:05
抱歉，您尚未输入标题或内容你就别八卦了 - [阅读权限 255]	gkgkgk 2008-10-27 18:04	14606	T-shirt 2008-10-27 21:27