There seems to be a big seller/s around. What is the chance that the SP will drop below the SPP price?
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There seems to be a big seller/s around. What is the chance that the SP will drop below the SPP price?
You have to take into account that not everyone who participates in the placement or SPP is a loyal LT holder. There is almost always an overhang, no matter how sought after the placement was.
Give it time to be absorbed by the proletariat and all should be well in the camp again
no holding (but would like them to up their interest rates)
The squiggles or whatever they are on the chart
The blue line is heading down and just crossed over the purple line ... and the actual line is below the purple line
Is that good?
Sent in $2500 and got 715 shares. Looks like I'll get most of my money back. Probably will add it to my WYN SPP, and see how I get on there.
Could this be bad for Heartland?
http://www.stuff.co.nz/business/indu...in-liquidation
Or is it just part and parcel of doing business and a mere blip on the landscape?
Remember that they called the receivers in last year and almost certainly the HY accounts impairment provisions would have included an amount for this particular item [$5M13 of new individual impaired assets was added).
When this is all settled then they might have to write off more or less than the amount currently set aside.
Best Wishes
Paper Tiger
SP down to 86 cents ... another cent and we can buy the shares cheaper on market than what we paid through the SPP.
Huge sales overhang (600k at average 90 cents) and hardly any buyers (80k at average 84 cents) around.
Looks like the board missed a huge opportunity by not accepting over-subscriptions.
Maybe the SPP allocation to institutions should have been substantially less and the amount allocated to small investors should have been more.
Posted on 03-01-2014.
The acquisiton was certainly a surprise,[was expecting $25mil to $35mil to be funded by cash reserves].The acquisition is a lot better deal than I could have hoped for.Sentinel is the dominate player is the reverse mortgage market.This market is growing with an ageing property owning population, and will grow quicker, with the security people will have dealing with the listed bank Heartland behind it.
Only the capital needed was raised .In fact the SPP was massively over subscribed.
The interim result confirmed the year's guidance is on track.
As we have come to expect Heartland declared an imputed dividend.
Where to now? Well, we now can have confidence Heartland will prosper with the improving NZ economy.We may even see another acquisition before 31st June balance date.Runs on the board is what Heartland had to do.They have certainly done that,and done it well.!
Yes...Impressive volumes of Heartland today at 86c.
Good to see.Attachment 5632