Maybe not the best for the country if it happens but would be a good outcome for shareholders
After all our Super Fund has already sold most of their shares to the Chinese
Printable View
All recent press releases on the sector look extremely encouraging. No question this is a very high quality company with sound growth prospects and still trading on compelling metrics. ASM update this week should add impetus for a further rerating and probably inclusion in the NZX50 later this month some genuine new buying pressure too and as you suggest our Chinese friends have deep pockets so a full takeover certainly cannot be ruled out at some stage in the future. (Disc My #1 portfolio position, looking to buy more. Not to be considered professional advice or a recommendation DYOR)
1 11 11:11:00 am 343 400,000 $1,372,000 Off Market
Someone is happy to accumulate at top end price for the day being the day of ASM.
The slides & text for the ASM are out: https://nzx.com/companies/SCL/announcements/283687
I gain the impression that this year is not going to be materially better than the last but there is no mention of pricing so maybe/maybe not.
We will have to see what those who attended have to say about the tea & sandwiches as well as the 'boring' stuff.
Best Wishes
Paper Tiger
I think if you read the presentation you get quite a good idea how the company will be doing this year. Apple volume up slightly and prices close to what was achieved last year so far on average. Packout rates up a fraction. There where some investments made in previous years which did not enjoy an full year return in 2015 so that will be a plus for 2016. Last year was exceptional good so a small inprovement on 2015 is a positive in my view. SCL has good future growth potential but the majority is likely to add to the bodem line in later years.
I can only speak one language;i have envy and appreciation of others who speak and think in more than one language and acceptance if they occasionally mix the languages together.
Question: If you speak/write in another language but think in your mother tongue do you kinda create a whole newmindspeak?