Yes...Woolworths according to reports
Printable View
Yes...Woolworths according to reports
WOT report or just a GUESS.. [8D]Quote:
quote:Originally posted by KJ
Yes...Woolworths according to reports
RIGHT not a guess the report is a SSH notice from Woolworths subsidiary Bancroft knocked off 9.34% in one hit they said just stay TUNED.. [8D]
Woolworths has the money & power to blast Mr T right the door the whole of the NZX is just there for each stock to be picked of as required when needed all KIWI players should now buying any of the little stocks available to be in the run,, money in banks and mortgages is a was of time GO for it.. [8D]
Last one out, turn off the lights [^]
What is woolworths doing?
Unless Tindell sells (and I dont think he will - against his ethics), they have just paid a huge premium for a minority stake. Not only that, but their rival Foodstuffs also has the same blocking/minority stake.
Im confussed?
A minority (but blocking) stake give you a seat at the negotiating table. If nothing else they have defused any leverage Foodstuffs had gained.
I think that the initial deal of $5.75 + imp. credits was merely a smokescreen...just to get all the interested parties out in the open. Do you think ST would be optimistic that all the instos. would have sold out at that price?
Yet further proof that it usually pays not to sell into the first offer that comes along.
WOOLWORTHS has taken the pants of a NZ public company and smack there rear also in public,, WOO has been buying for weeks @ about $6 [NO one said a word but did watch it most said "Who is this Dill" ]and made the final dash yesterday bought 10% for about $5.85 much less than the $6.50 bit that's how you do it they have money the poor thing that lacks in NZ is the lack of cash..
Reason`s;
1 They could get a seat NO worries.
2 Mite seem to block out Foodstuff NO worries
3 Blocks out Mr T he has a worry.
4 Just say long term they will eat Mr T but will be nice in the meanwhile.
5 Only when all 3 work it they will be kind enough to let the public KNOW.. [8D]