I just sold 2000 shares or 1/3rd of my holding. I'm probably going to keep the rest I think and tough it out. I think this will be painful over the next couple of years - the NZ Reserve Bank/NZ Govt worries me most (the sad state of being an investor in NZ). I enjoy bad policy and unintended consequences as much as the next person - but only when I'm not directly affected.
Anyway I've done enough (I hope) pruning and trimming across my entire portfolio and have more cash in term deposits (ANZ of course) than I have had in the last 20 years or more. I even have some American Silver Eagles in case of complete financial collapse (I do but I'm seriously not expecting to have to exchange these for food -I'm not a complete nut;)