If in doubt,sell today.!...
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Well, yes - however I always wonder why companies and stock exchanges are always happy to waste share holders time and money for renaming and ticker changes.
Why couldn't they keep the existing ticker, prepare all the legal stuff and just change on the push of a button the ownership of HBL - Heartland Bank Ltd to HBL - Heartland's Business Group Ltd?
This company is - for no good reason - wasting shareholder resources as well as time and effort of everybody else monitoring the stock market. Just imagine all these broken trend charts and databases these geni***es are creating and we will need to deal with. Not to mention changing all their stationary, PR material, IT systems and their business cards. Not flash - they do deserve their SP to tank!
... and why exactly do they need to change the ticker and halt the trade for three days?
It is quite easy to sell and acquire shares with the push of one button ... and it is not unheard of that even new companies take over existing tickers - even if they have nothing to do with the previous ticker owners. How hard would it have been in the case of Heartland?
Just a bunch of selfserving time and money wasters - and the fact that others are as wasteful (like TNR - TRA) does not excuse them.
Do we know what the new ticker will be ? I think that will be the 4th ticker since I first bought this stock :confused:
Jeez winner. Heartland Group and HGH. People may think we're in the cannabis business. May lift the price a bit
Well, I am glad that you guys enjoyed the name and ticker change ... this must make it all worthwhile, doesn't it?
And yes, while I know that this is what mangement enjoys - setting themselves a monument by re-branding, re-naming or retickering - could I count many more examples where the only outcome of such an exercise was additional cost rather than gains.
But yes - I agree, in the overall picture is this a well managed company and the cost are relatively low (even if the payback is Zero) - must give the management some leeway to leave their mark.
And obviously - I should have considered percy's attachment to the stock ... I herewith withdraw and appologize for any excitement caused ...