Notice that ACC bought ANOTHER 950,000 yesterday. Hmmmmmmmmmmmmmmmm...........
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Notice that ACC bought ANOTHER 950,000 yesterday. Hmmmmmmmmmmmmmmmm...........
There was talk a while back about Genesis selling out of their downstream assets. I wonder if NZO is considering a bigger stake in Kupe? They'll certainly need more than a $100m though.
They have also supported the Energy Mad IPO. ACC isn't shy in supporting NZ business even if the intial business case doesn't look that flash. Doesn't matter though. As we have seen if things go wrong for ACC they just put up their premiums. Therefore it is is all of NZ who are underwriting ACC's play's.
So where's the Tui update?
NOG's sp dropping away, based upon history, suggests a bad announcement coming out soon. Starting to look like it's another Tui downgrade?
Tui was upgraded 3 times (rather nicely timed for NZO to obtain over $180m of cash from shareholders at $1.50 per share) so are we now looking at 3 downgrades?