Foodstuffs selling their ~9% stake at a floor price of $3.25.
This puts it right in the running for NZX50 inclusion.
free float will increase significantly so nzx 50 inclusion back in the running. would expect some new institutional investors to enter the register too.
What a stunning loss of money from Foodstuffs, the old smartest guy in the room syndrome strikes again. Market up around 250%(incl divvys to be fair) since the smartest guy's (Foodstuffs) capital loss partially offset by dividends.
Suppose it also indicates Foodstuffs view on the competitive threat Warehouse represents to them today. But truly when in the last decade has WHS been a competitive threat to them or vice versa??
What a stunning loss of money from Foodstuffs, the old smartest guy in the room syndrome strikes again. Market up around 250%(incl divvys to be fair) since the smartest guy's (Foodstuffs) capital loss partially offset by dividends.
Suppose it also indicates Foodstuffs view on the competitive threat Warehouse represents to them today. But truly when in the last decade has WHS been a competitive threat to them or vice versa??
Foodstuffs won't care too much I suspect. From their point of view they paid a small fee to guarantee their market position and profits.
Warehouse extra was a threat but clearly not anymore so time to sell up. Maybe they buy a stake in MFB?
What a stunning loss of money from Foodstuffs, the old smartest guy in the room syndrome strikes again. Market up around 250%(incl divvys to be fair) since the smartest guy's (Foodstuffs) capital loss partially offset by dividends.
Suppose it also indicates Foodstuffs view on the competitive threat Warehouse represents to them today. But truly when in the last decade has WHS been a competitive threat to them or vice versa??
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