I give up on companies once they are floated on the share-market. You can guarantee it is all about profit and stuff the workers. Billabong for example. Haven't bought there stuff since they sold the factory at West Burleigh and went overseas for manufacturing. My sister used to hang out in the garage Gordon and co used when making boardies at Mermaid Beach back in the good old days. Unfortunately in my opinion a lot of the surf industry has sold it's sole. My whinge for the week, now Huey send me some weekend waves...........
You think Macquarie knew something with a 6% buy in end of June??
www.asx.com.au/asxpdf/20120705/pdf/4278f7yz9d4nxv.pdf
Its going to be interesting CMC...essentially it sounds like BB is considering this offer - weird when they said that the $3.30 offer was too low - now they will consider this one! Although in fairness issues shares have almost doubled - so it looks like TPG value them at around $700m which is a way short of the $850m a few months back.
I averaged in around the $1 mark - I shall offload a few around these levels and probably ride the rest out....if they knock back this offer their shares will drop right off again and they will be a massive laughing stock. I would like to hold onto to them all but it was an event driven trade and that event has now taken place so its time to sell a few of them.
As for the Maldives - I wish. Should go a decent way to paying for the wedding though
