futuris sale

  1. 287 Posts.
    lightbulb Created with Sketch. 80
    I think its time for the WBA board to explain its future strategy and to give shareholders an update.
    With Futuris selling its stake on WBA for $13M why didn't WBA buy the shares back itself. As WBA's announcement made no mention of this one has to assume WBA thought the share price too high? Yes it would have meant selling down 20% of its Tassal shares to finance the deal but wouldn't that have been better for WBA shareholders? Maybe WBA has a deal coming up for its TGR holding, if so it had better be a bullish price for its controlling stake.

    With the WBA chairman recently resigning (again no meaningful announcement from WBA so we have to assume there were major board differences)its time for WBA board to tell us what is going on. Again one has to assume the FCL director(s) are resigning from the WBA board but no word on this either.

    Anyone any views?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.