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  1. #571
    An Awesome Cool Cat winner69's Avatar
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    Quote Originally Posted by whatsup View Post
    What was it bought for and when ?

    http://nzx-prod-s7fsd7f98s.s3-websit...542/292622.pdf

    Thought you knew where to look for this sort of stuff
    “Imagination is more important than knowledge.”

  2. #572
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    Quote Originally Posted by winner69 View Post
    http://nzx-prod-s7fsd7f98s.s3-websit...542/292622.pdf

    Thought you knew where to look for this sort of stuff
    that doesnt actually say how much they paid for it winner

    700 Mill was the purchase price in 2007 (with a performance fee attached - which I dont know was paid or not)

    whats interesting is that Craigs thought it was worth a lot more than the 800m sale price announced today. they suggested 1.2B
    Last edited by peat; 18-12-2018 at 09:42 AM.
    For clarity, nothing I say is advice....

  3. #573
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    Quote Originally Posted by peat View Post
    that doesnt actually say how much they paid for it winner

    700 Mill was the purchase price in 2007 (with a performance fee attached - which I dont know was paid or not)

    whats interesting is that Craigs thought it was worth a lot more than the 800m sale price announced today. they suggested 1.2B
    The buyers are paying US$840m

    I see ....was whatsup question what did Fletcher’s pay for it
    “Imagination is more important than knowledge.”

  4. #574
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    it paid 947m but sale is for less than analysts expected

    https://www.nzherald.co.nz/business/...ectid=12178661
    bull

  5. #575
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    Quote Originally Posted by bull.... View Post
    it paid 947m but sale is for less than analysts expected

    https://www.nzherald.co.nz/business/...ectid=12178661
    below the top end...I thought analysts were crossing their fingers to get what they paid for it (about a billion), FBU achieved over 20% above that

  6. #576
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    Quote Originally Posted by winner69 View Post
    The buyers are paying US$840m

    I see ....was whatsup question what did Fletcher’s pay for it
    Yes. we know what the sold if for but when and what was it bought for ?

  7. #577
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    Quote Originally Posted by trader_jackson View Post
    below the top end...I thought analysts were crossing their fingers to get what they paid for it (about a billion), FBU achieved over 20% above that
    us is hot market i would have thought would have got a better premium
    bull

  8. #578
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    Just a little note of caution regarding the sale. FBU have said it includes clauses common for a transaction of this type and should settle within the FY19 year.
    Common is the use of "force majeure" clauses that are specifically tailored to the circumstances surrounding the deal. Clauses like this have so many variables I couldn't possibly speculate on what they might be but are often tied to a major exogenous shock event such as for example a XX% reduction in XYZ share market index which is interpreted to mean business conditions have changed quite materially.

    This sale isn't completed yet by any stretch of the imagination and if the markets really tank the sale might too. Good luck to holders. I remain of the view that this company has a truly appalling long term track record of delivering to shareholders.
    No butts, hold no mutts, (unless they're the furry variety).

  9. #579
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    Vanguard Group buying into it?

  10. #580
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    https://www.nzherald.co.nz/business/...ectid=12197920

    Good news!

    Looks like Milford has finished selling its building & property related stocks so it must be up from here.

    Classic Milford - sell their shareholdings quietly and then, shout from the rooftop to let everyone (who are easily impacted) out there know and get spooked to sell as well.

    They did that with Diligent and it was an absolutely boomer for those of us who bought off Milford.

  11. #581
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    True, Balance, but we could hardly expect them to announce that they were selling before they finished, unless of course, they were obliged to report a change in a substantial shareholding. Having finished, they probably want to let their investors know that their exposure there has gone.

  12. #582
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    FBU is at (near) 10 year low. Anyone who has just recently been selling (and I don't know what Milford have been doing), hasn't really got much of a handle on this!

  13. #583
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    BBs getting pretty squeezed with the SP between the 30 and 60 SMA . Could go either way ( uuh...yep). But I recon it will go up a bit according to the palm lines again D6679E48-D87E-4BB1-A69F-C84A24A227EA.jpg
    Last edited by Yoda; 30-01-2019 at 05:24 PM.

  14. #584
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    Quote Originally Posted by Biscuit View Post
    FBU is at (near) 10 year low. Anyone who has just recently been selling (and I don't know what Milford have been doing), hasn't really got much of a handle on this!
    Or do they?
    I haven't seen any news that inspires me to believe FBU are on track to trade their way out of the hole they have dug themselves into.
    Of course if the SP drops further it might be tempting to buy in and see if a takeover happens along
    “Better three hours too soon than a minute too late.”
    ― William Shakespeare

  15. #585
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    Quote Originally Posted by Timesurfer View Post
    Or do they?
    Anyone who didn't anticipate the fall to this point can't really be relied on to pick the direction from here.

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