No value remaining for shareholders ...warned of that a while ago
Never never fall in love with a share trading at a big discount to NTA ...wasn’t Smiths reported NTA 77 cents. Hope none of you were tempted ...PERCY and me tried to warn you off.
Polar Capital’s Colin Neal said: “Smiths City has been part of the New Zealand retail landscape for more than 100 years. It is a trusted brand that has been synonymous with providing great quality, excellent value and attentive no-nonsense service.”
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Polar Capital’s Colin Neal said: “Smiths City has been part of the New Zealand retail landscape for more than 100 years. It is a trusted brand that has been synonymous with providing great quality, excellent value and attentive no-nonsense service.”
Colin Neal's portfolio is not what I would call blue chip.Would certainly give me the "BIG CHILL".Hope springs eternal.?
Mercer Group,Moa Group and now Smiths City.
No value remaining for shareholders ...warned of that a while ago
Never never fall in love with a share trading at a big discount to NTA ...wasn’t Smiths reported NTA 77 cents. Hope none of you were tempted ...PERCY and me tried to warn you off.
The transaction values the assets to be transferred to Polar Capital at around $60 million, however
with the purchaser assuming some debt and other liabilities, the net amount expected to be received
is $8 million.
Would this not equate to 15 cents per share? Roughly the amount they are/were trading at...
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