Skycity started going down roughly after 1pm coincidence I don’t know. I would not know how it will affect FBU. Are they insured for this sort of thing? We will all know that answer when we know more information.
Just the other day apparently Sky City described progress on the convention centre as being "abysmal"
Its been reported that construction workers were using some sort of heating device on the roof to seal the weathertightness and that device is what started the fire.
Did they not think to have a decent quantity of fire extinguishers handy if using some device that could start a fire ? Probably there is construction insurance ? but what about
Loss of profits to SKC for even more delay's to the build ?...oh dear...I can see this heading to court. What a bloody mess in more ways than one.
Update : SKC shares getting smashed on the NZX, down 4% at the time of posting and falling very fast.
FBU down 2%.
Last edited by Beagle; 22-10-2019 at 02:05 PM.
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
Originally Posted by Ggcc
Reply With Quote
Bookmarks