Result on this Wednesday...it said any commerce charges or penalties will be covered by insurance. It seems to be a good punt at the current price? Anyone thoughts?
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Result on this Wednesday...it said any commerce charges or penalties will be covered by insurance. It seems to be a good punt at the current price? Anyone thoughts?
They got their shares at $1.116 and a direct quote from announcement to NZX:
“As previously advised, it is expected that any financial penalty relating from the current Commerce Commission court case will be covered by Steel & Tube’s insurance”
Just keeping it real.
Results are 29th Aug now.
Anyone punt in? With restructuring happening almost a year...must be turn around soon?
Still mulling over taking up rights. Not much one can do when in a corner s/p wise. Will see results wed and decide then.Longterm longterm.