Banca I.F.I.S Spa BNCIF

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Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan portfolio is from government and public administration, whereas two-thirds are from the private sector. The gro

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Banca I.F.I.S Spa > Paywalled: Why Flinders’ Big North deal went south

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Comment by CommonCentsforDollarson Jan 27, 2015 1:09am

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RE:RE:RE:RE:Paywalled: Why Flinders’ Big North deal went south

I think the SP should move up but it appears it will take some time, the current SP is pretty sad when you consider it was trading at 7.5 cents before the news was first released about the potential Flinders acquisition back on September 2nd. After the extended waiting period and now some "appearingly" bad news that Flinders has changed their mind with too long of a due diligence period we find ourselfs trading at rock bottom prices... Nothing has changed with the assets of Big North so one would think it should be trading at the same price as it was before the acquisition was announced which was 7.5 cents.

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