900 at 74c to sell
56000 at 76 to buy
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900 at 74c to sell
56000 at 76 to buy
Sellers are backing off , only 800k as opposed to 1.2mil at close yesterday
Now small buy at 77c in the scheme of things not much on the sell to $1,,, there yours eh Balance !
Over 130,000 at 75c sold.... up 3c currently 75c line all gone 76c latest price.
Harbour is selling and why not? They are sitting on a 300% gain and it is only prudent to reweigh their portfolio.
After all, they do need to show their investors they can make money as well as lose it big time like the horrendous losses they are taking on Rakon.
Meanwhile, treat it as an opportunity to get some cheap shares if you believe in the story - as we have seen with Diligent on the way up. I remember posters bitching about a big seller at $1.00! Then $2.40 etc etc
Read the bitching going here at Carroll selling Diligent at $5.30-$5.40 before the stock popped above $6.30 a week later.
http://www.sharetrader.co.nz/showthr...oks-IPO/page43
People sell for all kinds of reasons and that's the beauty of the market.
Imagine if Harbour is not selling, sp will be 90 cents and there is no real base at this stage to support 90 cents. Institutions buying from Harbour will support the base at 75 cents to take it above $1 for the next run upwards. Provided PEB delivers of course!
not bitching - I am in for the long term.
I can see why a fund that has exceeded its mandate would be selling, but everyone else, why, even you you are sitting on a big gain. The news is good, future is bright, so it is not the time to lock in the gains.
lol - and there was I thinking that I was the only one that happened too - the maddening thing is that when I don't buy the price goes up!! Oh, well I keep trying.
What are the forums opinions on dividends with this stock or has this been dealt with earlier. Realise this is a long way off Atm but is there any indication as to policy or intent.
hi sparky and skid, no just kidding about selling the house besides it belongs to a working farm of which i have just finished feeding out in the pouring rain,HOW GOOD IS THAT.I have picked up PEB shares along the way and at this stage feel very satisfied with its progress and just have a feeling its really only in its infancy and one of our more exciting stocks going forward.
Hancocks - tax losses can not be distributed to shareholders. Therefore it needs to have that amount of taxable income before it pays any company tax. I assume they have enough losses to cover a few years profits.
To get imputation credits, you have to pay company tax. Therefore, if they paid a dividend before they pay tax, it will be an unimputed dividend which is not tax efficient as the shareholder will have to pay tax.
However, a company can return capital tax free to shareholders (upto the amount of 'avaliable subscribed capital' which is similar to the old paid in capital).
As a shareholder, if a company was going to pay out $10m to shareholders, I would prefer to receive it as capital or with imputation credits,rather than having to pay tax.
Not sure what the second part of your post is about. If you want something explained in detail, just ask. I could give you a 5 page opinion on that but it will cost ya. ;)
Being a new PEB investor could I please ask the forum why someone would have 1,000,000 shares
for sale at 1.00 which is way and above the market. Is someone just showing off (egos again) or what. Dont suppose anyone would like to have a wager they wont be there if and when PEB gets into the 90s. I know its their business but it seems a bit weird to declare such a large holding so early. Is this a bit of market psychology at work?
CJ, you might like to briefly share your expertise on the subject of the shareholder continuity threshold wrt c/f tax losses to complete the picture. I doubt they would be a T/O target until these are consumed by profits?
confession: I'm a 'bush accountant' armed only with enough self taught info to be dangerous!