HGH - Heartland Group Holdings

[percy]

I think with the Sportzone case and liabilities unresolved, an offer for MTF can only be regarded as reckless !!

Exactly......................

[Beagle]

I think with the Sportzone case and liabilities unresolved, an offer for MTF can only be regarded as reckless !!

Exactly......................

Yes I wouldn't be happy at all if I was a shareholder in Turners. This for all intents and purposes looks like a punt on a binary event with potential for significant value destruction...a punt on a blocking stake. How do Turners directors think they can fairly value MTF shares in the circumstances ?
The mind boggles to understand how Turners directors are exercising their fiduciary obligations to shareholders in good faith and in their best interests.
https://en.wikipedia.org/wiki/Fiduciary Maybe they want to reflect on the definition of fiduciary duty.

[blackcap]

Yes I wouldn't be happy at all if I was a shareholder in Turners. This for all intents and purposes looks like a punt on a binary event with potential for significant value destruction...a punt on a blocking stake. How do Turners directors think they can fairly value MTF shares in the circumstances ?
The mind boggles to understand how Turners directors are exercising their fiduciary obligations to shareholders in good faith and in their best interests.
https://en.wikipedia.org/wiki/Fiduciary Maybe they want to reflect on the definition of fiduciary duty.

Is it a decision made at board level though or at exec level?

[Harvey Specter]

Is it a decision made at board level though or at exec level?

To make an offer public, it would have to be at the board level in my view.

[kizame]

Reading between the lines,I think HNZ have done a deal with MTF,and regardless of the outcome will make an offer or maybe some other deal.
Otherwise why postpone the AGM? And didn't MTF sort of support HNZs interest in the company.

[winner69]

Reading between the lines,I think HNZ have done a deal with MTF,and regardless of the outcome will make an offer or maybe some other deal.
Otherwise why postpone the AGM? And didn't MTF sort of support HNZs interest in the company.

ASM postponed as Paper Tiger pointed out it clashed with the directors off to the Melbourne Cup.

You guys read too much into announcements

[blackcap]

ASM postponed as Paper Tiger pointed out it clashed with the directors off to the Melbourne Cup.

You guys read too much into announcements

Your probably right on the money. Some diligent CFO or coy secretary would have scheduled for between 2 and 4 Nov until some keen director punter pointed out that Tuesday falls there... ok lets postpone...

[percy]

Your probably right on the money. Some diligent CFO or coy secretary would have scheduled for between 2 and 4 Nov until some keen director punter pointed out that Tuesday falls there... ok lets postpone...

Yeah Right.!!!
I think there's a bit more to it than that.!
Most probably "invested" in a horse which is a "dead cert" to win The Cup.!.................
Well, we do know they have a small exposure to cows,but no mention has been made of horses.
lol.

[nextbigthing]

Yeah Right.!!!
I think there's a bit more to it than that.!
Most probably "invested" in a horse which is a "dead cert" to win The Cup.!.................
Well, we do know they have a small exposure to cows,but no mention has been made of horses.
lol.

Perhaps they have a few spare dairy cows and they're running them in the race to give them something to do.

[Beagle]

Reading between the lines,I think HNZ have done a deal with MTF,and regardless of the outcome will make an offer or maybe some other deal.
Otherwise why postpone the AGM? And didn't MTF sort of support HNZs interest in the company.

There has been harsh words between these two companies before so I think you're drawing a very long bow with that speculation.

To make an offer public, it would have to be at the board level in my view.

Agreed.

MTF constitution requires consent of the company for any shareholder to own more than 10% thereof, (source, content contained in Turners notice of proposal to acquire 20% stake).
Anyone looking to take this puppy over will need to be working closely with its directors.

Perhaps they have a few spare dairy cows and they're running them in the race to give them something to do.

LOL too funny !!