SCY Chart

[JohnnyTheHorse]

Sold ..or given away

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.


http://nzx-prod-s7fsd7f98s.s3-websit...225/322677.pdf

Most people keeping their jobs so a very good outcome.

I hope you haven't fallen in love with MET and are just hanging in there for the 6 bucks... or was that 7 bucks now?

[winner69]

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.”

[Raz]

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.”

Why buy it, can't see the value.

[winner69]

Why buy it, can't see the value.

Some might say Freightways gave them too too much for Big Chill ...ands theyve got to spend it somewhere

But good on them anyway

[Southern Lad]

I am surprised this is not a major transaction in terms of section 129 of the Companies Act 1993 requiring shareholder approval by 75% majority.

If it isn’t due to some technicality, the legislation needs beefing up.

[percy]

Hope Big Chill man makes a go of the remains

Methinks he’ll need a lot of luck

But Smiths City survives eh PERCY

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.

[CD_CHCH]

Sold ..or given away

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.


http://nzx-prod-s7fsd7f98s.s3-websit...225/322677.pdf

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...

[Ogg]

I am surprised this is not a major transaction in terms of section 129 of the Companies Act 1993 requiring shareholder approval by 75% majority.

If it isn’t due to some technicality, the legislation needs beefing up.

Agreed. Let her burn I say.

[winner69]

Most people keeping their jobs so a very good outcome.

I hope you haven't fallen in love with MET and are just hanging in there for the 6 bucks... or was that 7 bucks now?

No Johnny ...just punting with MET. Heads you win tail you don’t lose they say.

In tandem with NTA suppose you’ve got to consider Net Realisable Value. Is the paper value worth thst in a fire sale?

Always dodgy with Smiths but with MET it’s real property and even in a ‘fire sale’ they’d get real cash.

[Ogg]

I am surprised this is not a major transaction in terms of section 129 of the Companies Act 1993 requiring shareholder approval by 75% majority.

If it isn’t due to some technicality, the legislation needs beefing up.

I think it went into liquidation first. That's the technicality.