Du Val Group ….IPO on way?

[Aaron]

Article in the herald this morning, maybe business desk as I cannot see it online. Interesting that they felt "market value" rather than "cost" was the better way to value stock on hand.

Are these the sort of businesses easy money and high immigration are creating?

Damn missed out on a listing but at least their bondholders get the chance to turn their bonds into worthless shares.

[nztx]

Article in the herald this morning, maybe business desk as I cannot see it online. Interesting that they felt "market value" rather than "cost" was the better way to value stock on hand.

Are these the sort of businesses easy money and high immigration are creating?

Damn missed out on a listing but at least their bondholders get the chance to turn their bonds into worthless shares.

A two edged sword valuing at Market value - recognises losses but can inflate & recognise gains ahead of them moving / selling for those with a margin in the making- doesn't sound very conservative booking gains ahead of sale tho

If this outfit were really making piles then would there be a looming issue in the background with investors having their ears nailed to the wall & locked in ?

[troyvdh]

Woof.....gnarl

[nztx]

Ooops .. and Chris Lee has made mention of the said business model now

[nztx]

https://businessdesk.co.nz/article/p...-mortgage-fund

Du Val investors aim to liquidate mortgage fund


That could put the grandiose plans fair & squarely in the Du Du for good

[nztx]

https://www.stuff.co.nz/a/nz-news/35...ront-criticise

Du Val’s high-flying owners Charlotte, Kenyon Clarke front up to criticism


Meanwhile Lawyers are reportedly at work moving towards getting Corporate Undertakers with Liquidation shears in hand chasing the Mortgage Fund

What could possibly go wrong ?