Of course I don't know what Rupert wants but I reckon the deal...

First 51 Last

Share
Profile

Follow
Tinwins

15,640 Posts.

534

06/03/23

18:48

Post #: 66631711
Share

Originally posted by Hopeful9 ↑

This is part of a lengthy online article in 'The Australian' that should be in the paper tomorrow:

"...KordaMentha was hopeful of selling the (Scott's Refrigerated Transport) business as a going concern, saving its 1500 jobs and protecting supermarket food supplies. But Team Global Express and Linfox ruled themselves out as potential bidders, with KordaMentha receiving only one confirmed bid believed to be from ASX-listed trucking provider Lindsay. Australia Ltd.

It is understood that potential bidders were concerned about the age of Scott’s fleet and warehouses. Transport logistics providers operate on slender margins of 3-5 per cent, meaning companies have to be as efficient as possible to stay in business.Scott’s, while Australia’s biggest refrigerated logistics company, was also competing against the likes of Newcold, which opened a fully automated warehouse, requiring few staff and with 225,000 pallet positions, in Melbourne’s western suburbs in 2017..."

The Transport Workers Union is holding protests in front of Aldi stores on Tuesday 7 March as that supermarket (unlike WOW and COL) refused to sign a supply chain charter and had allegedly lost in court twice against the TWU. (IGA was not mentioned.

I never shop at foreign-owned Aldi or Costco.

Expand

Of course I don't know what Rupert wants but I reckon the deal is done and now they just have to let us know what deal has been done.
And is the T.W.U. doing the right thing or the right thing ?

Last edited by Tinwins: 06/03/23

LAU Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MGU

New results confirm Buena Vista's iron grades potential

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

There are more pages in this discussion • 7 more messages in this thread...

First 51 Last

Add LAU (ASX) to my watchlist

(20min delay)
Last 92.0¢		Change 0.000(0.00%)		Mkt cap ! $287.4M

Open	High	Low	Value	Volume
92.0¢	93.5¢	91.0¢	$363.5K	395.1K

Buyers (Bids)

No.	Vol.	Price($)
2	13891	91.0¢

Sellers (Offers)

Price($)	Vol.	No.
94.0¢	6450	1

View Market Depth

No.	Vol.	Price($)
2	13891	0.910
2	1889	0.905
11	72759	0.900
2	60045	0.895
3	31010	0.890

Price($)	Vol.	No.
0.940	6450	1
0.950	1200	1
0.960	3031	1
0.985	49933	2
0.995	20000	2

Last trade - 16.10pm 31/07/2024 (20 minute delay)

LAU (ASX) Chart

Of course I don't know what Rupert wants but I reckon the deal...

New results confirm Buena Vista's iron grades potential

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Of course I don't know what Rupert wants but I reckon the deal...

Top Stories

New results confirm Buena Vista's iron grades potential

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News