I have argued here for some time that NZO should either make a decent offer for PPP or otherwise eff off.
I interpret the following statement from today's NZO HY
that no appropriate offer will come through:
"We are determined to build further value for our shareholders and we will not be taking undue risk or overpaying for any investment."
Hopefully Tomkinson/Prudence will now take the hint and embark on the long talked about (but properly never actually intended) acquisition route and start creating value for PPP holders and disregard NZO.
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ppp management should take the hint
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