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Thread: MVN Methven

  1. #461
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    [QUOTE=forest;749051]
    Quote Originally Posted by percy View Post

    I would have preferred if OIO would have declined this time.
    Just when the company is turned around its likely to disappear from the NZX.
    For this reason I voted against the scheme of arrangement. They were just starting to crack Asia and potentially have many years of growth ahead.

    Any thoughts on the purchaser, GWA? Thinking of buying some of them as a replacement. BAPCOR did well after buying out Hellaby.

  2. #462
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    Had a phone call from Australia this evening wanting to know if I'd received communication containing all the information on the proposal and telling me that the directors are voting for the proposal. When I said I'd received it and had already voted on line the lady asked if I would say which way I voted. I said, you can ask, but I'm not saying......

  3. #463
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    Quote Originally Posted by Grimy View Post
    Had a phone call from Australia this evening wanting to know if I'd received communication containing all the information on the proposal and telling me that the directors are voting for the proposal. When I said I'd received it and had already voted on line the lady asked if I would say which way I voted. I said, you can ask, but I'm not saying......
    Mm, interesting what was the reason for the call you think?

  4. #464
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    A good old nudge to make sure everyone is going to vote-and obviously for the proposal. I recall being approached once before in a similar manner, to make sure I was voting on something - can't remember which company that was though.

  5. #465
    CROESUS U.T.
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    I had a call tonight, also with similar questions except that directors were for sale. When I asked who she worked for I think the name was Georgeson or similar. When asked a direct question about whether they acted for Methven she said no and would not comment on who their client was so my supposition is that they are acting for the Oz buyer. When I said that it was the first time in about 40 years that I had encountered such a practice and that that I found it a little bizarre she said that she would pass on to her management. Yeah right.

  6. #466
    Speedy Az winner69's Avatar
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    Stunning result ....share price should be over 2 bucks on back of this

    By their high stands are a pretty poor presentation this time but no need to try to impress now. Will miss their presentations ....always been good for a laugh over the years

    http://nzx-prod-s7fsd7f98s.s3-websit...216/295878.pdf
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #467
    percy
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    Quote Originally Posted by winner69 View Post
    Stunning result ....share price should be over 2 bucks on back of this

    By their high stands are a pretty poor presentation this time but no need to try to impress now. Will miss their presentations ....always been good for a laugh over the years

    http://nzx-prod-s7fsd7f98s.s3-websit...216/295878.pdf
    Read it again.
    Nett profit and eps are well down .
    Usual window dressing.

  8. #468
    Reincarnated Panthera Snow Leopard's Avatar
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    OK Just sold out of this one.
    With only about 1.6c (1%) of upside could not see the point of hanging on any longer especially when TRA or AIR or ??? may need some support.

    PS It is a beautiful morning here.
    om mani peme hum

  9. #469
    percy
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    Very pleasant afternon here.

  10. #470
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    Quote Originally Posted by Snow Leopard View Post
    OK Just sold out of this one.
    With only about 1.6c (1%) of upside could not see the point of hanging on any longer especially when TRA or AIR or ??? may need some support.

    PS It is a beautiful morning here.
    What about the dividend you are going to mis?

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