I agree with this, but think it may take a month or so to get back up, happy to wait patiently however.
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Nice result. Many of you will be aware that Quadrant are pretty active shareholders and are in to make a buck. They had that sizeable stake they bought in SUM quite cheap, subsequently sold and did handsomely well.
Excellent result to get this very sizeable overhang done and dusted at $1.27. SP looks like a one-way bet from here :t_up:
Good news
Quadrant like winning and generally want more than steady returns. The good news is that they will drive Heartland harder than what it is now. With Quadrant on board I am more confident of my forecasts (the ones you guys think are too bullish). Quadrant will not sit back with steady as she goes attitude.
Overhang gone? Maybe not as Quadrant do exit investments on a regular basis. One thing though they don't usually stuff the price when they o exit.
Go Quadrant, rev Heartland management up. Now you have see the potential make sure it happens.
Agree with that. Great to see Quadrant take a sizeable holding. They will keep pressure on Jeff to continue reaching the goals and possibly push for the goals to be a bit more bullish. I regard Quadrant buying in as a great vote of confidence in HNZ's already announced step change towards more bullish growth.
Bought more at $1.29. I'm very bullish !!
Didn't Quadrant own most of Seniors when they sold out to Heartland?
Made heaps on that deal ..... and now coming back for more. I like it
Free lunch on offer at $1.29...best one way bet on the NZX by miles. All those insto's that missed out on a placement will be annoyed and have to buy on market.
In Specie Distribution generally means no cash changed hands
I think Quadrant owned nearly 70% of Seniors in the first instance so most of the shares issued by Heartland were theirs anyway .... is this just distributing them (what they already had anyway) amongst the funds they operate
I only jumped in again last week at $1.29..
Would be seriously overweight if I got amongst it again..
So the $1.27 wasn't a real price agreed by a willing buyer and a happy seller. Just the market price the day the paperwork done.
Irrespective of what all this really means I hope quadrant give Jeff and his team a rev up.