My entry point!
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For those that wanted them below $1.00 here is your chance. 99c now.
I think there may have been quite a few that expected to make a quick profit off this CR that are now realising that breaking even will be a good result,
Absolute buy for a medium/long term hold though,
Interesting observation Filthy.
One can't buy anything for a dollar these days in this country except for a share in a NZ publicly listed company.
No need to worry about inflation on the NZX.
I know I go on but, as an aside, I'm just looking at a Direct Broking contract note from 3 May 1993 which says I bought 500 BIL for $1.01 for a total of $536. $25 brokerage and $6 trade fee. I can't remember doing this but I must have purchased them. So $1.01. In 1993. Amazing. BIL - that's me averaging down all those years ago.
What is BIL and how many shares on issue at $1??
It was Brierley Investments. I can't remember it's market capitalisation at its peak. However it was a big deal in its day. I started buying in 1987 lol - a few months before the crash.
https://en.wikipedia.org/wiki/GL_Limited
Lots of interesting corporate history here:
https://www.nzonscreen.com/title/boy-from-island-bay-2008
A market cap of 7.7 bn in 1986! Huge.
Anyway, that's my trip down memory lane, thanks to a time when we received contract notes in the actual mail.
I'll hand the thread back over to HGH shareholders and head back to the Black Monday thread.
All the favourite yield stocks of this forum taking a beating ...HGH / GNE and now even TRA ...whats cooking ? TRA 30 DSMA went below 60DSMA after a year ...start of a downtrend like HGH / GNE ? Maybe retail capitulation going on while institutional stocks like FPH / IFT / MFT/ CEN holding up better ....very interesting times for selected and retail favourite stocks ....NZ economy almost at rock bottom ...should start showing in data soon then market may become more healthier ...imo