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Thread: Rangatira

  1. #51
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    Quote Originally Posted by winner69 View Post
    I see they own 50% of Mrs Higgins .... that's good
    What does Mr Higgins think about that??

  2. #52
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    BusinessDesk and Stuff are reporting that Partners Life has been sold for $980m to Dai-ichi. Sale costs quoted as being $30m, so $950m net.

    https://businessdesk.co.nz/article/f...chi-in-1b-deal

    https://www.stuff.co.nz/business/ind...panese-insurer

    According to the Companies Office Rangatira own 4.93% of Partners Life, so presumably a good pay day coming. I note an upward revaluation of the Partners Life investment was included in the June valuation update, so presumably most of the gain already reflected.

    Coupled with the current capital raise of $35 to $50m, Rangatira will have a great war chest to chase some new investments.
    Last edited by Southern Lad; 12-08-2022 at 08:39 PM.

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  4. #54
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  5. #55
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    Quote Originally Posted by Sideshow Bob View Post
    What does Mr Higgins think about that??
    If inflationary pressures continue to mount, when he finds out he might want to sell out his half

    How would Rangi and Tira feel about prospect of owning all of Mrs Higgins ?
    Last edited by nztx; 30-06-2023 at 10:06 PM.

  6. #56
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    Mr Higgins ain't going to be pleased.....

    https://www.usx.co.nz/uploads/paperc...pdf?1690844557

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