Todays press has an
article on the very subject.
Speculates that GPG is raising the money to
launch
a takeover of fletcher building before july code
comes in.
Expect plenty of
sp[eculative money pushing building
price up next week
nick
Hello DR:
As a guy who seems to have a good understanding of GPG, how
do you interpret this move. What are the implications for a long term GPG
investor.
As I see it they have something like NZD200m in cash
already. They obviously don't need the money to stay afloat. Are they raising
another 250m because they see the present environment as offering some
exceptional "value" opportunities. The move seems to contradict the "streets"
interpretation that Sir Ron's business life expectancy is only 5 years
although I guess he can still do a hell of a lot of damage in 5
years.
I'd be interested to hear how others see this
move.
Cheers
Brian
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