Up 10% in the last hour, on no announcement... something afoot?
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Up 10% in the last hour, on no announcement... something afoot?
Takeover remours
I see an article "Platinum Equity runs ruler over Fletcher" in The Australian, paywalled.
Takeovers are funny how the 'outsiders' are the first ones with the 'inside' info...
Well ....let's sell all the NZX companies....NZ is stuffed anyway
Sadly X I cannot disagree.
Like is it purely because interest rates are seeming more attractive than the SM ?
Is NZ inc heading towards a long overdue correction regarding insane residential house price appreciation ?
As we all know we have the highest valued blah blah...the future may be bleak.
I have in recent times banked my dosh in the bank at 6 %.
2009 was pretty good if you had cash and the cahones to invest. I wasnt one of those sadly...
Gawd Struth .. things must be blowing a fair treat over in Perth:
https://www.nzherald.co.nz/business/...ABM4ORPXWK4CI/
Perth leaky water pipe update: 110 homes a month suffer failures - builder BGC
https://www.nzherald.co.nz/business/...MSGLOBGLYLCTE/
Perth leaky waterpipe crisis - Fletcher Building’s Iplex, builder BGC involved
12.10.23
https://www.nzherald.co.nz/business/...PEEDCPEEIAUOI/
Perth’s exploding Pro-fit water pipes: Who’s to blame? What next?
10.2.24
Most of these appear paywalled, but most should get some idea from titles
Looks like an ongoing growing issue