very strange purchase for a company that hasn't exactly set itself on fire imo .
IMO $110 million purchase for a company that is going where , offshore, to expand !
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very strange purchase for a company that hasn't exactly set itself on fire imo .
IMO $110 million purchase for a company that is going where , offshore, to expand !
Sold my MVN today....Most probably add to my HGH.
Nice to have a sudden burst of green to counter the recent continuous drip of red.
Makes today worth waking up for.
Not bad going for 6 weeks' investment. Nice change indeed :t_up:
If I needed the cash for a better opportunity I would join you in selling, but I'm finding it difficult to find any good stories on the NZX (in this current market) to justify selling just yet.
8.5% for holding for a few more months is a better return than the bank.
The following words in the announcement gave me cause for concen,as they have held up the coolstores sale by SCL, and the seed division sale of PGW;
"the NZ Overseas investment Office."
I believe a quick result takes a least several months.
Exchanging one MVN share for one HGH share appeals to me.HGH's half year result is due early February, and I am expecting it will be solid,with a fully imputated dividend payable 1st April..Swapping one low conviction share for one high conviction share.
ps.Helps to keep my average buy in price for HGH around $1.00....lol.
I agree with you McGinty, not only holding a few months will pay you an extra 8.5% on todays closing price if this present offer goes ahead but there is also a chance of an improved future offer.
I think MVN has changed for the better, it has a new building it operates in and increased efficiencies which are only starting to show now.
MVN also has a very energetic management team.
I talked to the operational manager at the last AGM, he said that he could triple production with adding only a few employees and no extra factory space.
I will be sorry to see it leave in NZX before it can show it's potential.
[QUOTE=percy;741273]The following words in the announcement gave me cause for concen,as they have held up the coolstores sale by SCL, and the seed division sale of PGW;
"the NZ Overseas investment Office."
I believe a quick result takes a least several months.
Must be a record.OIO has approved the sale.
[QUOTE=forest;749051]For this reason I voted against the scheme of arrangement. They were just starting to crack Asia and potentially have many years of growth ahead.
Any thoughts on the purchaser, GWA? Thinking of buying some of them as a replacement. BAPCOR did well after buying out Hellaby.
Had a phone call from Australia this evening wanting to know if I'd received communication containing all the information on the proposal and telling me that the directors are voting for the proposal. When I said I'd received it and had already voted on line the lady asked if I would say which way I voted. I said, you can ask, but I'm not saying......
A good old nudge to make sure everyone is going to vote-and obviously for the proposal. I recall being approached once before in a similar manner, to make sure I was voting on something - can't remember which company that was though.
I had a call tonight, also with similar questions except that directors were for sale. When I asked who she worked for I think the name was Georgeson or similar. When asked a direct question about whether they acted for Methven she said no and would not comment on who their client was so my supposition is that they are acting for the Oz buyer. When I said that it was the first time in about 40 years that I had encountered such a practice and that that I found it a little bizarre she said that she would pass on to her management. Yeah right.