BGR - Briscoes Valuation

[Southern Lad]

Businesses like Briscoe’s need to act appropriately or run the risk damaging their social licence.

Well done Briscoe's for doing the right thing.

[Greekwatchdog]

I get both arguments, Shareholders need to be mindful of public perception especially in times like these....

[CraftyBeer]

Duke said at the time of the interim results that the third quarter had started off very well so I guess with Q3 update due early Nov - and if it's a good one - there would just come more pressure to pay back, so they've decided to put this one to rest now.

[macduffy]

Well done Briscoe's for doing the right thing.

Yes, well done. The reputational damage of keeping the subsidy once profitability was confirmed wasn't worth the $$$'s. I expect one or two others to follow suit.

Disc: Holding BGR.

[percy]

Well done Briscoe's for doing the right thing.

Yes good on Briscoes.

[Snow Leopard]

....but forcing minority shareholders to give their share back....

I am a very happy Briscoe's shareholder and I can assure you that Rod has not knocked on my door and threatened to break my balcony furniture yet.

[winner69]

Pressure will be on the other companies named to pay it back now, those being HLG and SUM but particularly the former being in the same sector.

Dollars to donuts that WHS dont follow suit

They probably won't even think about it

[bull....]

duke da man , expect hallensteins , sum to fellow etc

[couta1]

duke da man , expect hallensteins , sum to fellow etc

I reckon the pressure will come on the others once the election is over if they are not forthcoming.

[peat]

I reckon the pressure will come on the others once the election is over if they are not forthcoming.

actually Jacinda Ardern didnt make it a big deal in the candidate contest hosted by Paddy Gower. She seemed (to me) to accept that if they were within the rules she wasnt going to fight hard to get it back. So it depends what pressure you mean. Public and media pressure?? THere may be a bit of that ....