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markets live: qbe's $1b buyback

markets live: qbe's $1b buyback Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



markets live: qbe's $1b buyback

the value of all shareholder investments in the listed legal group slater & gordon has effectively been wiped out with the group disclosing another round of heavy losses as its auditors also warned the group faces "material uncertainties" over its survival.the company's losses reached $1.3 billion as of the end of december, which exceeds the $1.1 billion of equity on the balance sheet.as a result, the underlying value of each of its shares on issue is now minus 36c, since the lawyer has a negative net worth of $126 million.the company is negotiating a new financing package with its bankers in what is seen as a 'life-saving' deal for the company."the continued support of the co...