APAX is a private equity operation so the business will be offered for sale in say 3-5 years.Whether it would still be worth buying is debatable. I think TME is a loss to the ASX also and certainly my portfolio. It made up for some of the pain of owning CBL.
It'll be sad to see another quality company disappear from our market.
Sad but unsurprising. Will the last company left turn off the lights at the NZX? If only the net yield on NZ shares were as low as on residential real estate?
Bookmarks