Result on this Wednesday...it said any commerce charges or penalties will be covered by insurance. It seems to be a good punt at the current price? Anyone thoughts?
Result on this Wednesday...it said any commerce charges or penalties will be covered by insurance. It seems to be a good punt at the current price? Anyone thoughts?
You can be sure that any insurance payouts will mean higher premiums in future. Not a punt I'll be taking.
Result on this Wednesday...it said any commerce charges or penalties will be covered by insurance. It seems to be a good punt at the current price? Anyone thoughts?
Did they actually say that?
At the top of every bubble, everyone is convinced it's not yet a bubble.
Guess those got their shares in the placement at $1.08 equivalent will be happy to continue to lighten up - especially with the impending announcement any day now on the penalties to be imposed on STU re the substandard mesh steel?
$1.20 is still a nice healthy 11% profit for a week - that's 572% in a year if you can get sweet deals alike this every week!
They got their shares at $1.116 and a direct quote from announcement to NZX:
“As previously advised, it is expected that any financial penalty relating from the current Commerce Commission court case will be covered by Steel & Tube’s insurance”
Result on this Wednesday...it said any commerce charges or penalties will be covered by insurance. It seems to be a good punt at the current price? Anyone thoughts?
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Originally Posted by King1212
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