It's a very weird store. Many years ago the WOW head office was above, now in NW Sydney.shopping at Sydney Town Hall Woolworths tonight just in case of a lock up and was tempted to sell our Woolworths shares based on that experience.
Trying to get a fix on the Pepper Financial float which is doing the rounds.
Agree @Mr_Orange. When was the last time that PE ever sold something that wasn't stripped bare and not for an over inflated profit? If we were heading into a sweet spot in the credit cycle then these businesses like Pepper and Latitude would be held for a bit longer to squeeze them a bit more.I'm pretty sure that this private equity selling out for a profit.
Pepper was taken over and delisted a couple of years ago. We owned hares at the time.
No doubt it got asset stripped and now it is being flogged back to the unsuspecting punter.
Have today put in for Pepper as the management and business is regarded highly. The prospectus will be issuing next week from what we have heard.
Pepper to us is way better than Latitude as they don't lend to the riff raff.
This one may cause Resimac to get re-rated and they are going great in that market space too.