NBS 0.00% 9.9¢ nationwide building society.

behne In my opinion, for any reputable potential buyer of NBS...

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  1. 285 Posts.
    behne
    In my opinion, for any reputable potential buyer of NBS product, the Maldives would be an embarrassment to be referred-to as a 'reference site'.

    The Maldives distinguishes itself by its well-known characteristics, perhaps not well-known in Australia, but well known in its former colonial associations: the Maldives republic is a mickey mouse country of a few hundred thousand people spread over many islands, a very strict islamic republic, with a history of corrupt government and bureaucracy.

    Tourist travel is its only real income, and tourist trends in days of perceived global warming will be interesting.

    I can't see any return to NBS shareholders in such a transaction, although no doubt its story will support the sp for a while - probably depends on one's view of the purpose of the announcement.

    The statement re 800k foreign workers just doesn't make sense, in the context of its population and economy.

    Next stop for sp-promoting ventures by the NBS directors will surely be one of the pacific island countries -some of them have most of the same characteristics as the Maldives.
 
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