Floating South Canterbury Finance

The Sunday Star-Times carries an article on the possible float of several of Timaru based Alan Hubbard’s interests including South Canterbury Finance, Scales Corporation and HelicoptersNZ. It will be interesting to see what happens.


One response to “Floating South Canterbury Finance

  1. It seems like SCF might not be floated, and Southbury might not be either. I think Scales and HelicoptersNZ might be spun off and floated, and the proceeds used to recapitalise SCF.

    I don’t think there is demand in the market for SCF or any of its dairy farms or Southbury as a whole, and Hubbard won’t want to exit either of those businesses as a steep discount.

    The next big thing for Hubbard and his empire is SCF credit rating review, which is due in the coming weeks, and if it is bad news on that front, who knows what might happen next?

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