The intentions of retail queen Jan Cameron in taking a higher stake in Christchurch-based Postie Plus Group remain unclear. Cameron could not be contacted by Fairfax yesterday to comment on the extra stake she bought in Postie Plus last week taking her to a holding of 19.26 per cent, near the 20 per cent level that triggers takeovers rules, raising speculation that she will some day make a further move as part of her retail plans.
Ballet flats Ballet flats Ballet flatsBroker Hamilton Hindin Greene director Grant Williamson said it was hard to second guess what Cameron's intentions were, but she had been consistently buying shares in what had sometimes been an underperforming stock. "She's now close to the stage where she will have to make a decision whether she's a passive investor at just under 20 per cent Fake gucci or whether she goes the whole way . . . Mind you, history shows she is an owner of business, and she already does have some retail businesses in operation. You would think there is more to it than just an investment." Cameron disclosed through the NZX on Friday that she had bought Fake gucci 600,000 Postie Plus shares for 30 cents a share, an all-time trading low for the company which has 79 nationwide Fake gucci Postie stores nationwide and also owns Baby City stores. Postie Plus shares yesterday fell 1c to 31c, within a 12-month trading range of 30c to 45c.
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