Yeh I agree. the DC business is not worth what they have said as most of their sites are hardly a DC more of a computer room.
In saying that they may have expected to get higher offers for the NZ business hence their change in thinking, this is possibly a result of some previous over eager information provided when the reality is the value is almost always what the market is prepared to spend and NZ$250m seems to be it.
I would have thought that keeping the NZ business was always the smartest move as it is solid and returning (not spectacular) profit plus it is not a thorn in their side unlike some of the acquisitions/asset roll outs here that continue to balloon.
Add to My Watchlist
What is My Watchlist?
