NCK 3.03% $14.95 nick scali limited

Ann: Conditional Agreement, page-2

  1. 307 Posts.
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    hhhmmm. I think this is the same property NCK had to get an independent expert report for when entering a new long lease a few months ago (because Scali Consolidated own the site). And now NCK are to buy the property.! This smells, IMHO. Surely NCK , acting in its best interests -not those of Scali Consolidated - should have bought the property before agreeing a long lease - not after. Agreeing a new lease would have reduced the vacancy risk etc and increased the value of the property.

    I've never had cause to doubt the motives of mgmt/Bd, but this is poor form, IMHO.
    Last edited by jg123456: 29/08/17
 
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