Due Dillgence boys - due diligence...
While we were not overly surprised that Ngai Tahu is putting up a serious bid for some of the Hubbard baubles that still had a bit of a shine on them, we are still a bit concerned, as apparently are some of those at the Top Table. According to our sources the deal is still live. There is considerable nervousness about this deal and there was also considerable surprise that the details had been leaked.
Questions are being asked about just where those leaks have come from and this time it does not look like the info, that ended up in the hands of Labour party leader in waiting David Cunliffe, came from the cuzzies.
There remains considerable risk with the Hubbard portfolio, as we understand that there are still many unknowns. So we hope that everyone proceeds with caution.
We dont want to end up owning few choppers and a couple of farms if they are not long term strategic assets with viable long term returns.
However, some of the assets do present some real opportunities, so as we said before, due diligence boys, due diligence.
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