Ann: Change in substantial holding, page-3

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Yoda2503

883 Posts.

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27/03/18

19:28

Post #: 32068180
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Originally posted by jg123456 ↑

whoa.

"This transaction results in the establishment of a strategic shareholder for the Company with the objective over time to assist the company to realise its growth strategies".

bullsh!t.
NCK doesn't need cash, and this deal gives them none.
It doesn't need a strategic shareholder - it's a retailer with established operations, and a happy/stable shareholder base. No reason any of that needs to change.
What growth strategies does KUKA need a 11% ownership stake to assist NCK with that it can't continue to contribute to from supplying some product to NCK (as it has for a decade).?
Please tell me NCK isn't going to launch retail operations in china, or some other near-to-China market which KUKA wishes to enter. That makes no sense from an NCK perspective, IMHO.
also, the announcement is silent on what price Scali sold at? (Presumably, this will come in time.)
A bit like the related party transaction @ Parramatta Road, this is another deal that seem more motivated by personal financial considerations of key insiders than the good of NCK (even if the harm to NCK is not readily apparent).

Discl. a large holder, but not a content one.

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Yeah i am the same as you.

But you can see from the becoming substantial shareholder notice that they paid 7 dollars a share for the the stock. 77m for Anthony at possibly the top of the cycle.

Very unsure what to do now.

NCK Price at posting: $6.96 Sentiment: None Disclosure: Held
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