Thanks guys, my apologies, I had just read the DRP.
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I think you've overlooked the RWT deduction which applies to most retail investors. The herd will get 1 share for roughly each 35.5 elected into the DRP.
(2.5x 1.388) x 0.67 = net dividend 2.325 cps.
82.61/2.325 = 35.53.
Unless I've had a shiraz or 2 too many, that is.
Good to see Directors Tomlinson's and Mountcastle's vote of confidence by partaking in the DRP. "Well positioned" eh Percy !
What's with the volume today, DRP?
Big volume yesterday too.
Looks to me as though some one is selling,while someone else is buying.!! lol.
SP is steady.We can't complain that HNZ lacks liquidity.!!!
Have not seen lastest top 100 shareholder list for some time,and other than DRP shareholder notices there have been no substantial shareholder notices,so I can only say that good volumes going through must be positive.
Another 1.5m traded this morning @ 85c. That is close to 5m for the past 3 days with the share price holding up well ex the 2.5c divi.
I note HNZ price has been quite weak this week. Any explanations?
Could it be people fund raising for Meridian? Anything more sinister?
News will be announced in 14 days time at the agm I expect?! I am holding myself "at the ready."
With me and Forest reporting all the agm updates at the Auckland sharetraders' get together,on 4th November, the upward trajectory will resume at 10 am Tuesday the 5th.I expect fireworks on that day?!
Looks like "that" overhang of unhappy HNZ shareholders is well and truly in charge of the shareprice at this time and voting with their feet.
I'm not surprised, you can do a lot better elsewhere on the NZX at present.