Port of Tauranga Ltd T.POT

Primary Symbol: PTAUF

Industrials Shipping & Ports

Port of Tauranga Limited is a New Zealand-based company that carries out business through the provision of wharf facilities, land, and buildings, for the storage and transit of import and export cargo, berthage, cranes, tugs, and pilot services for customers. It operates in three segments: Port operations, Property services, and Terminal services. The Port operations segment consists of providing and managing port services, and cargo handling facilities through the Port of Tauranga, MetroPort, and Timaru Container Terminal. The Property services segment consist of consists of managing and maintaining the Port’s property assets. The Terminal services segment consists of the contracted terminal operations, general container marshalling and ancillary services of Quality Marshalling (Mount Maunganui) Limited (Quality Marshalling). It provides customers with supply chains through investment in regional feeder ports and inland freight hubs.

OTCPK:PTAUF - Post by User

Port of Tauranga Ltd > TRC Capital's offer

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Comment by Wisdomwithageon May 18, 2016 6:08pm

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Post# 24886552

RE:TRC Capital's offer

Hey Mates,

I've just googled this TRC Capital outfit, and discovered that they've made dozens of mini-offers to the shareholders of various big name firms, always at a discount to record lows it seems.

The strategy used in mini-offers, it appears, is to scoop up shares from less informed shareholders at firesale prices.

I gather they are being watched closely by the SEC, but surprisingly no action has so far been taken.

Cheers,

Brit

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