E.g. Fonterra post Theo Spierings. Take away the world domination approach and focus on grassroots earners and your back in business. Theo was an outsider, Miles rose through the ranks and has known from day one what was needed.
Printable View
I think $1.06 will be and remain the floor price currently. As at today you can no longer sell on-market and receive proceeds under T+2 settlement before the retail entitlement offer closes, which will take one depressive factor off the table.
My guess is we will see very briefly for a day or two 98 cents.. before it pops back over $1 and then it will never see $1 again. never ever
I don't remember the last cash issue being this fraught. Jeff was all into 'fintech'. But I am calling this whole process out as 'flabtech'. To save you reaching for your business directory to see what that means I have done it for you:
'flabtech': The art of overly complicating a process via automation, such that the result is more confusing, cumbersome and slower than if that same task was carried out entirely manually.
I got an e-mail saying Heartland, via Link securities had received my application and that it would be processed the next banking day. I did not want to know that. What I wanted to know was that my application had been processed, and indeed it would have been processed yesterday if Heartland just given me the bank account number to which I needed to send the cash issue funds in the first place. Yes I would have had to go into a bank branch myself to do this. But it would have been worth this pain to save the anxiety. I checked my bank balance this morning and saw my funds were still in my account. So now I will have to wait for Saturday to know if my funds have really gone through. And if they haven't, because there are no more full banking days before application close off time, it will all be too late.
I am now frankly over this flabtech filibustering. The first bank that reintroduces cheque books, that provide a secure traceable paper trail with which to control the movement of funds with far less bother than the tech of today, I will move all of my business over to them.
SNOOPY
Placement came at a good discount. Those insto managers want to build up the profits to get a good bonus. They can “do” Heartland before retail shareholders even get their rights shares. Why should they have more than Zero commitment to Heartland. All this is for them courtesy of existing shareholders.
Don't see the point to participate....buy at the market now is only 5c cheaper....
One of the sheet shares of the year...
Fuk U Jeff!!!
Worked in the old days when shares were placed with very selected institutions who would not only take the shares & keep them long term, they would also buy more on market as well.
Unfortunately, those days are long gone and the underwriters/brokers these days simply want to earn their fat fees (3%+) by placing the shares to whoever.
I’m happy. Got my full allocation + 100% which increased my holding by 29.2% @ only $1.00ps. :)
Sorry Snoopy but found the online application simple and easy to do.
I don’t think the name is automatically cross-checked to the number. I read that they were working on introducing an automatic verification process to do that as an extra security check! I was flabbergasted as I thought that it would already have been the first security check to do - to make sure the name matched the account number. So perhaps you could have typed Donald Trump as your name…