"Briscoes famous 50% off sales"..
Heck that says HNZ full price is say $2.30
Liking this more and more
Nice one TJ
With Foo Fighters and Briscoes on the case the omens are good .....BREAK OUT to $2.30 it is
Printable View
Any flag poles likely Xerof?
Important measurements for mini-ramps.
It's pretty important that you generalize the diminsions of your mini-ramp so you know where it'll fit the best (backyard, garage, etc.). You should definitely worry about the length, width, and height!
Length: To calculate the length you need to add up all the individual lengths of the flatbottom, the transitions, and the decks. It's highly recommended to add at least 2' for the decks, and as much flatbottom that you can fit up to 8'. The transition portion will pretty much take care of itself after you've chosen a transition profile radius.
The chart has been a shocker for most of the year but there is signs of life as HNZ is trying to break out of its downtrend channel..nearly there...It needs this channel break out to confirm the 117 bull bear line break... this helps to confirm the recent rally is not the sucker variety...so far so good the rally is creating a higher high and higher low and a primary up trend is being created and the 106c low point is looking more likely to be the bottom of the cycle..
The only worry is some TA indicators are not firing Stoch and Williams% are diverging (not on chart) and I would have thought MACD would be a lot higher considering the good price rally.
Chart not adjusted for Ex dividend
http://i458.photobucket.com/albums/q...2012102015.png
Thanks Hoop for loading the chart.
https://www.nzx.com/companies/HNZ/announcements/271674
Just been posted on NZX, thoughts from those are around long enough to know about MTF..
Great news and sticking it to Turners (150 v 115 must e tempting fo take)
Makes HNZ bigger and wow look at all those other opportunities by working together with the mtf people
A reminder - HNZ never overpay and above all they always do what they say they will do.
This will put a rocket under share price ....may 140 by end of week
HNZ stated their interests in MTF one year ago until now be forced to give a higher offer reflect the HNZ board slow reacting to market and show the management difficult to make a quality acquisition.
Will be interesting to see the markets reaction. Although this was to be expected; no one can say this is a surprise.
Although what's happening with the court case? That may explain the caveat on appropriate due diligence.
I look forward to any reaction/counter by Turners, they will certainly be displeased with this.
There is no way they can make a full takeover offer until the outcome of the court case, due end of November, is known. It would be totally irresponsible of the Board to make a take over offer with that hanging over them.
This partial offer is solely to try and stop Turners from getting a blocking stake. Game on !
Funny choice of words - "more fulsome due diligence". Fulsome has 2 very different meanings, neither of which fits this context.
Just a stepping stone for a bigger announcement to be made at the AGM :cool:
Nice seeing HNZ throwing a hand grenade into the mix.
MTF was formed at a time when motor vehicle dealers had trouble arranging finance for customers.[A very long time ago.]
To be a shareholder in MTF you need to be an "originator", that is either a motor vehicle dealer,or a MTF franchisee.A lot of dealers would now days, most probably prefer to have their money invested in their own business,and not have the possible liability of MTF shares.For MTF shareholders, it will be to their advantage of having the strength on HNZ backing their hire purchase agreements.HNZ will also provide them with "more product" to sell. HNZ wll have access to cheaper funding.A lot of MTF dealers will be happier having HNZ ownership of MTF rather than their opposition Turners.
For HNZ it offers a nice tidy bolt on in a sector they know well.MTF have some very substantial dealers.
At present time we know the possible liability MTF have with the Commerce Commission,over the "Sportszone" case will be resolved on the 10th and 11th when MTF's appeal is heard.