Its time as a top 50 company, should this deal go through, will be short lived. Zero + Zero = Zero
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You are being too harsh.
If Hanover's debenture holders swap their loans for equity, the game changes.
Just about anyone will be better than Eric and Mark.
Bloody disgrace but hi, Hanover's investors were queuing up to give their money to Eric and Mark to use. Good on them for using the money, risk-free!
What you guys/guysses dont realise is the property DEALERS sell to other property DEALERS at a ever higher price -until the last holding the DEAL dies - this is what is happening now. With the finance companies dead there is no more money to lend to DEALERS and so the property business is now in the hands of the major banks who will only lend to property INVESTORS who have considerable % of their own money in the deal.
Gone are the days when a dealer can get 90---100% loan money to finance fantasy!!
Until there is a clearance of all the rubbish property that is on the books of these dead finance companies there will be NO repayment to the Poor people who advanced debenture money to these leaches in the first place, IMHO debenture holders will be lucky to get back .50 in the dollar in who knows how many years time.
The really sad thing that has happened is IMHO these finance companies were really about transferring wealth as much as everything.
....Balance...your postings intrigue me....you appear to come from every direction.... am curious to know your investments and investment strategy.
No particular strategy. Let's just exchange views and have fun.
Remember that this is a sharetrader forum and you get all odds and sorts.
Re Hanover - Eric and Mark are totally beneath contempt and what they have done is immoral, despicable and without any redemption. But, Hanover investors only have themselves to blame.
This old dog may be twitching a bit off 10c - worth a punt for a 10% gain in under a week?
See attached regarding the staged Index entry of ALF, effective 22 Feb, into the NZX50.
The NZX announcement (as posted by Silverlight yesterday) has sure given this stock's sp a boost. I was expecting a bit more resistance at 11c but it looks like we're about to see it rocket through. Buyers have gobbled up the 1.5m that were sitting there on offer earlier today. I think I'll just hang on to my holding a few days longer....
Next resistance looks to be @13c then 18c then nothing till mid 20s. Is 100% gain before the second (tranche) increase of index shares on March 22 too ambitious? With today's performance, perhaps not. I'm holding.
If any Allied Farmers execs read this message board, could I as a new shareholder ask for the website to be updated?