A potential billion dollar government bailout of botched EQC repairs. I can tell you that EQC arent alone. There is EQC and Fletcher's with a hand each on that particular smoking barrel. (http://www.newshub.co.nz/home/politi...ed-claims.html)
Coming out and admitting they're making nothing on the major Puhoi to Warkworth contract is quite simply pathetic. When will the bleeding ever stop ?
Honestly I would not put my hand up for some even at $4.80 even if the rights were given to me for free. Plenty more skeletons to come out of the closet yet, as sure as night follows day...
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
All honky dory for the future of Fletcher’s once they get rid of Formica.
Do we call this a shareholder ‘bail out’?
This is exactly what it is. The breached banking covenants according to the last downgrade. I still think that the numbers they've posted might be a best case scenario and that they could have more downgrades to come..
How many ways can you say 'dog', Beagle? Bottom feeders are already buying up the potential future, so maybe it's the bottom or thereabouts already. No point in ignoring the future when one has some inkling that informed (smart?) money (major assumption on that) [since December 2017] has been buying huge dollops sees a profitable future. Ma and Pa shareholders as always are last into the tops and the bottoms, they need clues and there's a few big ones emerging already. The 'dog' rhetoric will look hollow and misguided if it's issued around the point in time when the smart money takes a very large position and the dumb money are selling to them.
Just saying, best to have an open mind and eyes on.
Originally Posted by Beagle
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