Spent some of the recent dividend cash from assorted companies on a few more HNZ shares.
I am getting seriously overweight*
Best Wishes
Paper Tiger
*and yes, I have a lot of HNZ shares too.
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Spent some of the recent dividend cash from assorted companies on a few more HNZ shares.
I am getting seriously overweight*
Best Wishes
Paper Tiger
*and yes, I have a lot of HNZ shares too.
I sold all of my HNZ today for a tidy short term profit. Having read back through my recent posts, I realise that I do have a conflict and would rather not be owning a small bank working on fringe products, for the meantime, perhaps not even major banks but we'll see about that in due course. Ethics and investing is loaded with dilemma. I'm happy to take their 4.5% on call deposit rate though, I can't see why not. HNZ has had a nice run though they have yet to post successes from their various edgier investments and seem happy to go to riskier places where larger banks are equally happy to avoid. All the best to holders and accumulators.
BAA
Overhang gone as HER vendor sell out at 1.27. Great result
https://www.nzx.com/companies/HNZ/announcements/262903
Quadrant Private Equity the buyer. Interesting. Any speculation of what their intentions are?
It does't affect the business, just the price. The vendors of the HER business had an escrow so that couldn't sell their shares until April 1. They had flagged that they were going to sell. I think the recent price weakness was partly due to this happening because big buyers were holding off hoping to get an allocation at a discounted price. Now this overhang is gone, those big buyers will need to re-enter the market,