I am happy to have bought more at $1.29 notwithstanding the in specie nature of this transaction. Great value at that price :)
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I am happy to have bought more at $1.29 notwithstanding the in specie nature of this transaction. Great value at that price :)
What does it really mean in regards to the overhang, are we any the wiser? On the face of it there seems to be a transfer to a more active entity. Doesn't that increase the risks to smaller holders?
Mate you're not allowed to turn into a black sheep now you've sold :)
Fact is SUM did quite well while Quadrant were on board as shareholders, not so well since. As W69 is alluding too, a significant holder of their size can be good for revving up management AKA cracking the whip :D
I have reservations about quadrant has well. Sold out. Will see from sidelines.
I think it is interesting watching the share register;who is coming,who is going,which director is buying ,which director is selling.Always interesting.With HNZ we have seen George Kerr sell out,George Gould sell down,Greg Tomlinson buy more,etc.
Being a shareholder [over 23 years] in EBO I have seen a lot of changes on their register too.
Although always interesting,I think it is of greater importance to watch the actual business;are they doing the right things,are they growing and improving the business,are they watching they have enough capital,are dividends increasing etc.Ultimately improving fundamentals will drive the share price.
IPOs are a lot different; there you must watch who the organising broker was,and where the shares went,because often they do not go to a "happy home."!!!!!!.
Some pressure on banks profits, albeit still strong, according to this article. Heartland and Co-op leading in profit growth http://www.nzherald.co.nz/business/n...ectid=11430266
We are well positioned :)
Interesting article
http://www.smh.com.au/business/banki...10-1mha28.html
At least Heartland are on the inside when P2P really takes off as its bound to if the blinkered thinking of this analyst is anything to go by - Macquarie analyst Mike Wiblin is sceptical of the long-term potential for peer-to-peer lending to be the "game changer" that proponents claim.
P2P gaining traction because people don't trust banks and bankers any more. I'm in that as greedy bankers, Heartland included, are slowly destroying te world.