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HNZ GROUP INC T.HNZ

"HNZ Group Inc provides helicopter transportation and related support services with operations in Canada, Australia, New Zealand, Antarctica, Norway and Southeast Asia. It also provides helicopter repair and maintenance services and ground handling."


TSX:HNZ - Post by User

Post by janeintorontoon Nov 15, 2017 12:43am
241 Views
Post# 26965526

Not happy about management's desire to buy us out

Not happy about management's desire to buy us outWe shareholders are supposed to rejoice about mgmt's offer to buy us out at $18.70, about 40% premium to recent trading range. Yes, well, $18.70 is also about a 40% discount to where HNZ traded about 5 years ago. I dare say that if they reinstated the dividend instead, we could probably do very well with this stock in the long term. But no, management wants to take us out at a very modest price. Irrespective of price history, 18.70 seems pretty modest. Heck no, I'll vote no. Not happy.
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