This is really turning into a bad joke now... rejected a takeover offer of $1.90 something as the board was (arrogant?) insistent the company was worth more... and ever since then STU has gone from disappointment to disappointment... bluescope probably going to be successful with a takeover (should they choose to do one) at half the price fletcher's were willing to pay only a year or so ago. Another write off (or 'significant one off') coming as well by the looks of it.
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