NZ superannuation fund now a 5% shareholder, average buy price 5.08.
Good to see some major institutional support coming for SUM.
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
They own heaps more FBU than SUM ......what does that mean
They have their balance wrong.
FBU's share price is the same today as it was 10 years ago.[or near enough].
What is known as a serial under performer.
And if you read the history of Fletchers, you will see they have gone from one disaster to another.Its in their DNA.
FNZ flying a kite for SUM and MET merger, maybe superfund think there's great synergies with SUM's development skills and MET's asset base and massive head office cost synergies.
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
Bookmarks