Talked to a Sydney based fundie 2 days ago who cut their position in HGH last year.
Two reasons - they have enough problems with their own banking exposure without taking on any in NZ but they are also very concerned about HGH's exposure to the Oz property market.
https://www.smh.com.au/money/investi...14-p50xpc.html
Let's hope HGH make a real effort to explain their exposure and sensitivity to that market - in simple terms and in plain English!
Otherwise, there will be only Kiwis left in this stock as the Ozzies continue to sell down and out.