Unfortunately I was too brave, but I only put 6k down. It's going to be a bad day though, that much is sure :(
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Appeals will be lodged for sure.
Im so glad, really impressed with the COMCOM of late - more competition is better for everyone
70 - 80c pre t/o period
https://www.nbr.co.nz/article/comcom...corp-th-205698
Looks well reasoned to me.
Fairfax could very well reappear as a buyer?
Comcom logic is a joke - remember how they kneecapped Chorus with their "preliminary decision" which halved their share price only to reverse it.
Declining Tower beggars belief when they are 5% market share and of questionable independent financial strength. I'd understand if IAG was trying it on but Vero are c. 25%. Hasn't Youi turned up in NZ as a new recent competitor - hard to make an argument there are barriers to entry etc.
Does this mean they have to relook at Z buying Caltex or the supermarket duopoly. Tower shareholders have been sacrificed at the alter of Mr Berry's ego.