I note HNZ price has been quite weak this week. Any explanations?
Could it be people fund raising for Meridian? Anything more sinister?
Printable View
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.
Looking ugly, this is what happens when i try to "invest" the price sits there for months before dropping. Sigh. I think ill stick to trading much more profitable. Ill give it till after agm then cut my losses on this one if price stays down.
If your span of attention is that short goldfish maybe stick to scratchies.:)
The buy signal is when I sell.As I am more a buyer than seller, the SP could fall further.
A year ago the SP was 69cents.So the SP has gone up 18.8% in a year and I have received two dividends and a special dividend.
Nice people doing great things.
I should point out Sparky The Clown, Paper Tiger and myself value HNZ at over $1.35.
The coming year we will see earnings increase over 40% and we will most probably see the dividend increased.
81 cents , ok if you're wearing rose tinted glasses I suppose , otherwise not great.