The likes of the Business Council of Australia and Australian Institute of Company Directors need not be too concerned about the “two strikes” rule — David Coe and RHG just proved as much.
David coe
Allco name change should be worth a few cents on the share price
The real story today from today’s stock exchange announcement from Allco Equity Partners is that its name is mud, hence the proposal to change it, writes Glenn Dyer.
Allco share price drops to all time low
Allco founder David Coe and directors Gordon Fell and David Turnbull announced yesterday that they are standing down, but not leaving the company just yet, and the share price dropped 25% to an all time low of 60 cents.
Allco board purge: hands up who wants to be chairman?
The list of Allco basket cases is growing, writes Glenn Dyer.
Time for corporate plod to throw the book at multiple Allco scandals
If you were the spindoctor for Allco Finance Group, you would be feeling pretty down this morning, writes Stephen Mayne.
Intriguing Allco takeover bid takes a turn
The intriguing takeover bid for Allco Equity Partners by Regent Street Installments Pty Ltd has taken a turn, with ASIC sending Regent Street executive director, the once-jailed Stephen Matthews, a letter rejecting the audacious bid, writes Adam Schwab.
Why did it take ANZ so long to announce problems?
A note from a Goldman Sachs JBWere analyst summed up the frustration many in the markets have at the moment, writes Glenn Dyer.
Allco dirt sticks to Teflon Rod Eddington
Allco disappointed the market yet again yesterday, delaying announcement of its interim results until some other time. Allco non-executive director, Sir Rod Eddington, would most likely be the most significant victim of the fiasco, writes Adam Schwab.
Teetering trio becomes “the leveraged eleven”
The teetering trio – Centro, MFS and Allco – are not alone it seems. Indeed, the cascading credit crisis means we’ve already gone past “the sagging seven” and are now looking at a “leveraged eleven”. Stephen Mayne provides an around the grounds summary.
Allco crunched as debt contagion spreads
The debt contagion is spreading and today it is shares in Rich Lister David Coe’s Allco Finance Group which have been crunched by as much as 30%, writes Stephen Mayne.
