They not Billie Eilish’s manager are they?
Holding company for Macquarie interests in OHHL
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Ah..big macca.. offloading it...ok.. thanks
Will take a while to recover again...
Well it looks like Macca has decided to spit all those peanuts out and head to a better food source, I wonder what price they are getting per truckload, could it be below $1.20?
As noted in my comments since the result I am not at all surprised they want out, I would if I was them. I would think it will be about $1.15 which is all I think the shares are worth but I would not be a buyer even at that level as I believe that long term the business model is far too heavily exposed to rampant human resources cost increases and long term that substantial systemic weakness will see them underperform the sector. I think Macca's know this and that's why they want out completely.
I'm not impressed with management's ability to run the business on an "efficient AND effective basis" either and I am sure that's another reason Macquarie want out.
LOL - Actually Coutts also did well to say at $1.39 they were a SELL and anyone who listened at that time must be very happy. Some cats might be licking their wounds when they see the placement price and effect on the market price :eek2: It speaks VOLUMES that Macquarie want to sell their entire remaining stake AT ONCE even with this new market fear of Coronavirus. Caveat Emptor, let the buyer beware !!
Wonder what instos will be selling to mop up the $300m flood.
Hope they don’t sell Summerset