Tell us more. Why is it very positive? Who is he?
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Yes,yes,yes. Very sure no relationship with GK.He has a record of investing in the sharemarket.I have noticed his name a number of times in shareholder lists.He is a son of Maurice Carter who was a very succesful ChCh builder.One brother is David Carter the MP while another brother is a university lecturer I think.Would expect him to be his own man.
He owns a very large property portfolio in ChCh.He may have received a lot of insurance money from earthquake pay outs.
i brought a few more this morning at 51cents.Sold out ofFor MLN.
Bit surprised Hugh Green and others have not brought in.Although it may be SI buyers of shares at present,a huge part of HNZ is in the NI
We are "well positioned"for the upturn.!!!!! lol
Well, looks like the stench of George Kerr (and his equally smelly lackey Bryan Mogridge) is starting to lift from HNZ.
Yeah, this article shows PGC down to less than 4%
http://www.sharechat.co.nz/article/8...heartland.html
Buffett, the most well-known value investor of all time, is usually amazed when stock prices fall so low: "When hamburgers go down in price, we sing the 'Hallelujah' chorus in the Buffett household. When hamburgers go up, we weep. For most people, it's the same way with everything in life they will be buying -- except stocks. When stocks go down and you can get more for your money, people don't like them anymore."
NTA of HNZ is 85 cents per share.
Sp is 54 cents, courtesy of George Kerr - a very nice discount of 36% or potential upside of 57%.
Gee, i get the uneasy feeling you're pumping for distribution here Balance. Is it on behalf of tomlinson or carter?
Pumping?
I doubt Tomlinson and Carter would appreciate anyone 'pumping' as they are squeezing GK out of his shares. There's 3.9% more left to squeeze out of George.
Problem for small investors is that they cannot access this big lines of stocks and when they are gone, the share prices seem to spike upwards very quickly.
Nope, I bought some at 53 cents and putting money where my mouth is.
Or where the big boys' mouths are?
Greg Tomlinson - 8.8%
Philip Carter - 5.4%
C mace & G Ricketts - 5.3%
Note that Tomlinson got his initial stake at 75 cents, underwriting.
Now why do I get the feeling that this is a forum of 'pumpers' and 'downrampers'?
Tomlinson's underwriting debacle was well documented at the time. I guess the current view for all the 'big' mouths is to average down at the expense of those who conned them into it in the first place, and hope for a recovery in the future. Nothing particularly wrong with that approach, but it probably means heavy overhead resistance will become apparent in due course.
But good on you for piggy backing.
I'm chuffed....I have coaxed what I believe is the first ever disclosure of a shareholding out of you Balance :p
Discl: me no hold
Does anyone think we will see a share price of 50c again?
I decided to join the share register for this one, being reasonably confident that the way is now not down* and the discount to NTA provides some comfort.
best wishes
Paper Tiger
*watch it dive!
Looks like Dodgie Podgie Georgie and PGC sold the last of their HNZ shares yesterday.
The game now is "closing the NTA gap" and with their stench of decay out of the way, HNZ should start reflecting fair value - rather than the discount as investors steered clear to avoid the stench.
Not many shares in the market with a discount of 30 cents to NTA of 85 cents or potential upside of 54.5%.
Not without risks but certainly without George Kerr, Bryan Mogridge and all the other George's lackeys like Greg "not So" Bright to screw the scrum into their pockets all the time.
Bank of Queensland and Bendigo & Adelaide are at discount to NTA if that's what you want. And they are proper banks, paying dividends.
Looking at the fundamentals for HNZ, profit of $20m for the year, so a PE of 10, ROE of 6%, ROA 1%. They obviously need to improve their ROE. TSB are have a similar NTA, but have twice the asset base, ROE 12%, ROA 1%. So TSB is a good example to follow. The question is, can they?
Given the size similarity with TSB, it almost makes me wonder if they could be tempted to take it over.