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  1. 16-10-2018, 01:36 PM #1
    steveb
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    Quote Originally Posted by Balance View Post
    FBU is waiting.
    FBU would be fools not be round at Harbour Milford and ACC.If they are still intending to be a player,they would need to get these 3 on board before a third party enters the fray.
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  2. 16-10-2018, 12:42 PM #2
    boysy
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    Not sure I agree with that winner - STU announced the updated offer yesterday the least they can do is now update the market that the offer has now been rescinded simple as I would of though .... continuous disclosure required afterall bring on the NZX please explain ....
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  3. 16-10-2018, 01:00 PM #3
    winner69
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    Quote Originally Posted by boysy View Post
    Not sure I agree with that winner - STU announced the updated offer yesterday the least they can do is now update the market that the offer has now been rescinded simple as I would of though .... continuous disclosure required afterall bring on the NZX please explain ....
    STU said ‘The Board does not support the indicative offer’ but in light of the circumstances there are ‘commissioning an independent expert report which will take 3 -4 weeks, and will further consult its legal and financial advisers about the implications of the revised offer. Fletcher Building has been advised of this (copy attached).’

    So at this stage STU haven’t much more to say have they.....nothing material to disclose I reckon unless things have changed dramatically.

    Wonder if they still getting this report done? Might be and STU might reengage with Fletcher’s

    No doubt further comment at AGM
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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  4. 16-10-2018, 12:49 PM #4
    steveb
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    Perhaps FBU have not advised them formally of their intentions.They might have let the NZX know but not STU
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  5. 16-10-2018, 02:39 PM #5
    steveb
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    the dodgy reinforcing steel they sold has not been settled yet has it?
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  6. 16-10-2018, 02:59 PM #6
    Beagle
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    Quote Originally Posted by steveb View Post
    the dodgy reinforcing steel they sold has not been settled yet has it?
    Some people like to pretend that issue is behind the company for reasons best suited to themselves.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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  7. 17-10-2018, 09:20 AM #7
    Arbroath
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    Looks like game on with a crossing of 15.8% of the company at $1.75 this morning...
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  8. 17-10-2018, 09:36 AM #8
    blackcap
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    Quote Originally Posted by Arbroath View Post
    Looks like game on with a crossing of 15.8% of the company at $1.75 this morning...
    I wonder if FBU is the buyer? Or otherwise who is the buyer? The seller/s should be easy enough to work out.
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  9. 17-10-2018, 09:38 AM #9
    Balance
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    Quote Originally Posted by blackcap View Post
    I wonder if FBU is the buyer? Or otherwise who is the buyer? The seller/s should be easy enough to work out.
    https://www.nzx.com/announcements/325431

    Game On!
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  10. 17-10-2018, 09:40 AM #10
    steveb
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    Probably Milford:-
    https://www.marketscreener.com/STEEL...91420/company/
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