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11:50
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Originally posted by Shake It:
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FIRB still hasn't approved an increase in direct holdings for Hanwha to 20%. As an Australian shareholder with an ever diminishing set of local listed companies to invest in, hopefully FIRB will reject any takeover. We live in a country where institutional investors sacrifice long term local wealth creation for short term incremental gains. As a nation we sell off our best businesses with global potential too cheap and are left with an oligopoly of four banks and a handful of miners to invest in. Shame.
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totally agree, whilst not an Austal shareholder i cannot see any reason for Austal to be sold to a foreign county regardless of price.
(20min delay)