crustyngrizzly 1,700 Report post Posted November 20, 2018 I read that Sistema workers have walked off the job due to dissatisfaction with pay talks. Sistema had given a guarantee that they would continue to manufacture in NZ for at least 20 years. I wonder if there is a clause that they can use to get out of that. The parent company has been having big problems. IMO they paid far too much for the company but then it's their money. Quote Share this post Link to post Share on other sites More sharing options...
Ohokaman 5,822 Report post Posted November 21, 2018 Hope you've got shares in Trade Me Crusty.....very interesting goings on there..... Quote Share this post Link to post Share on other sites More sharing options...
crustyngrizzly 1,700 Report post Posted November 21, 2018 No shares,but it's always disappointing when a good company exits the NZX. I would bet that the private equity company will float it again in the years ahead after it has been stripped of all the good parts. Quote Share this post Link to post Share on other sites More sharing options...
Ohokaman 5,822 Report post Posted November 21, 2018 45 minutes ago, crustyngrizzly said: No shares,but it's always disappointing when a good company exits the NZX. I would bet that the private equity company will float it again in the years ahead after it has been stripped of all the good parts. If they get it..wouldn't be surprised if others come in. Amazon and Ali Baba will be watching. Quote Share this post Link to post Share on other sites More sharing options...
crustyngrizzly 1,700 Report post Posted November 22, 2018 I presume they will still operate in NZ but once these private equity firms get hold of anything things change rapidly and not always for the best. On 11/21/2018 at 11:10 PM, Ohokaman said: If they get it..wouldn't be surprised if others come in. Amazon and Ali Baba will be watching. Quote Share this post Link to post Share on other sites More sharing options...
Trump 2,741 Report post Posted December 27, 2018 Investment rule No 1: If you have shares in a company that a Private Equity Company takes an interest in - get out immediately! crustyngrizzly 1 Quote Share this post Link to post Share on other sites More sharing options...
