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Chris Lee on SCF

September 29, 2010

Click here to read Chris Lee’s opinion on the SCF receviership.

One Comment leave one →
  1. andy cunningham permalink
    October 11, 2010 1:17 AM

    Chris’ article makes me better understand my Forbar ‘Client Advisor’s’ reluctance to sell out of our perpetual shares in SCF. It also cements the opinion of Forbar I had reached by doing my own analysis of out Trust portfolio, previously managed by Forbar [till we sacked them]; there are now several pieces of dirty laundry appearing in the Forbar basket, and the Commerce Commission should have a close examination of this business and the way it operates. The business model is inappropriate to cope with difficult times – and for the foreseeable future as well as the last three years, is therefore anachronistic; or maybe this is deliberate?

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