Obviously some institutional punters who partook in the $1.80 placement and decided they want out.
Not a good sign when a stock cannot hold its placement price so soon after the CR.
Printable View
Classic Percy. After all the excitement this morning. Good work :t_up:
I am shocked at the SP movements today. I initially had fomo!! Clearly this is still in a downtrend with someone consistently selling out
I think the markets will be volatile for awhile yet.
Companies with solid earnings,paying good yields ,and who have directors/management as large shareholders ride out the storms.
With more earnings coming from Australia the weaker NZ dollar will work in our favour.
I have done very well over the past 11 or 12 years being a HGH shareholder.I think the next 11 years will be even more rewarding.
I just read the first 10 pages of this thread including Newman’s post back in 2011.
HGH/HNZ really has done well to pull it all together! There were a lot of questions being asked at the time of the merging/acquisitions and bank license requests etc. now look at them- expanding into Aus! How far they have come.
Percy you always had the faith aye, even back then and just like now. No doubt in 11 years time there will be more questions being asked and the cycle will continue..
One thing that caught my eye was a post by Lizard saying it was great buying below NTA with the SP around 58cents vs NTA at 83 cents.. imagine that sort of discount today! (It wouldn’t happen). However the NTA growth in 11 years is only 73.5%? Doesn’t seem like much? What’s up with that?
We could see $1.55 today?
An ever rising interest rate is hard on the cash flow for HGH to fund the RM book. Need more capital raisings to keep growing the RM book until it reaches scale & maturity which would be at least another 5 years in the future?