Rear Window

Mike Tilley halves his money in Tubi

Tilley also holds a stake in Latitude, but who knows when he'll be able to cash it out now.

Myriam RobinSenior writer

Nov 5, 2019 – 1.00am

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Meanwhile, we hope ex-Challenger chairman Mike Tilley had a pleasant family holiday in Italy. The relaxation wouldn't have gone astray, because there's plenty in his life right now to raise the blood pressure. His investments are on fire. And not in a good way.

On Monday, recently-floated industrial pipe-maker Tubi hit an all-time low of 12c, after slashing its statutory FY20 EBIT forecast from $6.1 million to a mere $100,000. Its share price plummeted 47 per cent.

Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media.