What SCF directors thought the company was worth

South Canterbury Finance had a market capitalisation of $75 million in late February, according to the directors' own valuation of the company's ordinary shares.The ascribed value of 48c a share was revealed in documents released by the Treasury on Friday

Duncan Bridgeman
Mon, 18 Oct 2010

South Canterbury Finance had a market capitalisation of $75 million in late February, according to the directors’ own valuation of the company’s ordinary shares.

The ascribed value of 48c a share was revealed in documents released by the Treasury on Friday.

In a report dated February 25, Simmons

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