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clock Created with Sketch. 07/03/20
04:28
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Originally posted by Gindaldan:
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AFR article is just a ramp. Meaningless in my opinion. No PE fund is going to get pension fund backing for a wine company heavily dependent on China with the Coronavirus going on. I work in the industry, it won’t happen. You’ll find most PE finds have 50-80% pension fund backing through minority global investments from each. They can’t get board sign off or even internal sign off for reckless investments during a crisis.
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i would wait for winter to arrive in Australia to average down
(20min delay)