Huh !!! :huh::huh::blink::blink:...oh yeah ...
http://i458.photobucket.com/albums/q...psa484aefe.gif
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Huh !!! :huh::huh::blink::blink:...oh yeah ...
http://i458.photobucket.com/albums/q...psa484aefe.gif
It appears to me that Fishers Kiwisaver performance has dropped away since the takeover of Huljich fund. Whether it was poor performing parts inherited or simply a function of increased size it could repeat the exercise if successful with Tower. Funds become a bit lethargic as they get bigger.
When I say performance has dropped away I mean in comparison with other funds in the growth group of funds.They used to be ahead of everybody else and a month or two ago were last.
Another Tower "breakup" rumour.
http://www.nzherald.co.nz/business/n...ectid=10859543
Now there are three ........ bidders ............apparently.
http://www.nzherald.co.nz/business/n...ectid=10860457
:confused:
So life insurance and wealth going soon ......won't leave much left eh
Probably nothing when they pay X dollars back to shareholders when they hock off general
How much is X
Sad eh ..another one bits the dust
x = lets hope its more than $1.45 given theres approx 45c per share for Health division sold recently.
In the comments under an article in Stuff here is somebody who doesn't like Tower methinks
http://www.nzherald.co.nz/personal-f...ectid=10859543
Love it when people use words like rort and low life .... means they really are pissed off
I took out a life insurance policy with the old Government Life when I was 15. Later, when I was looking at a superannuation scheme, the agent who was going to sell me that scheme, wanted me to "cancel" my life insurance. What we do know, those agents then on-sell those policies for a nice big fat fee !!
So I kept my life insurance policy, and looked elsewhere for a super scheme.
Then Government Life morphed into Tower, and it was decided that it was 'best' for everyone that it list on the stock exchange. Shares, we were told would 'rise' to at least $5.00 a share - like the Tui ad., yeah right !!
The only ones who have benefitted are the filthy rich, as we have seen bonuses depreciate, while they rort the share holders. Thieves, liars and cheats have been at the heart of this once fine institution, now we see it about to be flogged off, the same as every asset that falls into the hands of ther low lifes who proport to be 'working in the best interests of New Zealand'.
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They did get past $5.00 as I recall, may have even been issued at more than that?
Can someone please explain why tower resorted to complex capital repayment process/structure? 3 of every 13 shares will be cancelled and for each cancelled share they will pay $1.92! Surely the capital repayment could be done in a much simpler way!
Everybody to be treated the same and to be given the same amount ..... 3 out of 13 is the lowest ratio with whole numbers that works to give 120 mill back ....tax free
Just giving everybody 44 cents would prob be deemed to be a divie ......with tax implications
At least something like that
Next question for you .....after cancelling the 3 shares what are the remaining 10 worth?