What one are you holding HNZ or PGC ?
I added to mine and my wife's HNZ a couple of months ago,after selling out of PGC some time ago.
Forgetting all the noise I feel we are "well positioned" in HNZ.
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15m shares to go and like PGW, the stench of George Kerr will be lifted from HNZ.
That banking license for HNZ will be so much easier to get after George Kerr's decomposing credibility is gone.
Time to pick up on some cheap shares from George - not often in life you get a mortgagee sale situation as George Kerr's selling looks desperate.
Nice to see the 15mil shares go to a nice home.Takes Philip Carter's holding up to 20,973,492shares.
Very positive.
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%.