Dearie is gone but Australian article yesterday indicated he was working with private equity to try to put a bid together.
Agree they need to improve many aspects of the business but PE will likely do a better job. It is the difficulties and downgrades that have pulled share price back by near 50%, that also provides the opportunity for someone to buy it at a reasonable price.
PE love brandnames and in wine they don't get much better than Penfolds, Rosemount, Lindemands, Wolf Blass, Beringer, Seppelt, etc.
Dearie is gone but Australian article yesterday indicated he was...
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Last
$12.24 |
Change
0.090(0.74%) |
Mkt cap ! $9.931B | |||
| Open | High | Low | Value | Volume |
| $12.23 | $12.29 | $12.09 | $19.69M | 1.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29743 | $12.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.25 | 100000 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| TWE (ASX) Chart |