Directors buying in. It's all adding up.
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Where are all these sell orders at $1.16 coming from??
And what does everyone think of delaying the shareholders meeting? (good or bad?)
The sell orders are coming from people in the know,realising Heartland must be facing very difficult times,if it comes to moving the time of the meeting from 4pm to 1.30pm.It is a give away.They can't afford the booze bill!!!
What is the point of owning HNZ shares if there is no booze up?
A cup of tea and a scone.!!
Moving the meeting closer to Xmas is again a give away.People are too busy in December to go to a "dry" meeting.! lol.
[QUOTE=nextbigthing;590805]The sell orders are coming from people and institutions that want to sell.
Some Kiwisaver funds will have clients will shifting from growth/equity to more conservative funds as the "market" has received a bunch of negative media recently.
Some will have to sell down to balance their portfolios.
I apologise folks. Clearly big Rodge drank them dry last year. Poor move on their part. Too long from date of profit announcement till date of ASM..plenty more will be known about dairy delinquencies by then and a possible Fitch downgrade. The least HNZ could have done is have a booze up so shareholders can drown their sorrows. This is a cost saving measure, clearly times are tough at HNZ.
You only reset if you have a good reason . I am a substantial holder and this a good company with a very good management team . I look forward to the meeting
Keeping well clear of Melbourne Cup and Show Weeks....