Tegel IPO

[Filthy]

opportunity cost - want to allocate the money elsewhere rather than wait around till bounty pay out

[dreamcatcher]

opportunity cost - want to allocate the money elsewhere rather than wait around till bounty pay out

TRUE, but not sure if allocating money elsewhere would generate me 2.5 grand lost by accepting a lower return on market

[Not too Flash]

Bounty offer still conditional - It is not certain......

[JayRiggs]

I am thoroughly disgusted at Tegel and the board of directors.
Their IPO listing was at $1.55 in mid 2016. Barely 2 years later, Bounty Fresh makes their takeover offer at $1.23 and the Tegel board unanimously recommend shareholders to accept the offer. What a bunch of bloody crooks they all are. At their AGMs, they've mentioned "The Board continues its commitment to maximising long-term shareholder value". A complete failure of creating shareholder value!!!
Shareholders accepting the offer means anyone who bought into the IPO will sell at a capital loss. This is not in the best interest of shareholders and shows the board don't give a damn.

[Joshuatree]

They get bonuses by accepting i think.

[winner69]

I am thoroughly disgusted at Tegel and the board of directors.
Their IPO listing was at $1.55 in mid 2016. Barely 2 years later, Bounty Fresh makes their takeover offer at $1.23 and the Tegel board unanimously recommend shareholders to accept the offer. What a bunch of bloody crooks they all are. At their AGMs, they've mentioned "The Board continues its commitment to maximising long-term shareholder value". A complete failure of creating shareholder value!!!
Shareholders accepting the offer means anyone who bought into the IPO will sell at a capital loss. This is not in the best interest of shareholders and shows the board don't give a damn.

Best way of ‘Maximising long term shareholder value’ from where they were at the time of AGM probably is the takeover. Huge premium and ‘long term’ the share price might never get to $1.23 without the takeover.

Buying things from glossy sales brochures and promises about the future always fraught with danger ...some turn out pretty good and some turn out bad.

Remember the deal was so good sone punters bought in 170s

[Balance]

I am thoroughly disgusted at Tegel and the board of directors.
Their IPO listing was at $1.55 in mid 2016. Barely 2 years later, Bounty Fresh makes their takeover offer at $1.23 and the Tegel board unanimously recommend shareholders to accept the offer. What a bunch of bloody crooks they all are. At their AGMs, they've mentioned "The Board continues its commitment to maximising long-term shareholder value". A complete failure of creating shareholder value!!!
Shareholders accepting the offer means anyone who bought into the IPO will sell at a capital loss. This is not in the best interest of shareholders and shows the board don't give a damn.

Shareholders are very very very lucky to salvage imo something from this hogget dressed up as lamb.

They could have lost everything like the shareholders of Feltex, Wynyard, Credit Sails and South Canterbury Finance pref shares - Forsyth Barr being the common denominator.

[peat]

this hogget dressed up as lamb.

Mate you've got the wrong animal completely.

[dreamcatcher]

Would imagine some key Tegel Management & Directors would be looking for jobs shortly.

[Balance]

Mate you've got the wrong animal completely.

Haha ... was tempted to say ‘old chook dressed up as a spring chicken’.