Its the ICC all over again. We will see 'one offs' relating to these pipes over and over again.
Just bad luck aye
Instant success is a curse and a gift. The curse is you think luck is skill. The gift is you know it can be done. Then it’s a race to turn luck into skill before you lose it all.
Its the ICC all over again. We will see 'one offs' relating to these pipes over and over again.
Just bad luck aye
This is worse than the NZICC imo - finishing the job is completely outside of FBU’s control and they are operating in enemy’s territory.
A product recall would have been catastrophic but at least quantify the damage to FBU. This unlimited uncapped liability is an extremely bad outcome to the negotiations With FBU on the back foot after all the gusto & belligerence about ‘installation’ fault!
This is worse than the NZICC imo - finishing the job is completely outside of FBU’s control and they are operating in enemy’s territory.
A product recall would have been catastrophic but at least quantify the damage to FBU. This unlimited uncapped liability is an extremely bad outcome to the negotiations With FBU on the back foot after all the gusto & belligerence about ‘installation’ fault!
Their strategy will be to now defend their liability against future suitors with the associated risk and costs.
So I wonder what that aust raider is thinking now, has FBU owned up to this liability as a defensive move against their " unwanted " interest ?
Not sure about unwanted interest myself as the executives with their ‘out of money’ share options would welcome such a move?
Meanwhile, unlikely any potential acquirer would contemplate a bid until at least a year’s worth of remedial cost has been quantified to get a sense of the scale of the total damage to FBU.
Then there’s the Commerce commission’s case against FBU.
The Sharesies top 10 buys each week are without fail ETFs. Usually it’s the S&P500 then NZ50, Aus20 and the Europe ETF followed by some other emerging market and water type ETFs etc.
If Sharesies is a good representation of the new cohort of NZ investors then no need to worry about ‘blue chip’ FBU scaring away punters.
I see on Jarden, FBU is ranked the 7th most watched company, as per people’s watchlist lol
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Originally Posted by Rawz
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