Nzx

[Steve]

So any ideas what NZX will do with the proceeds of the rights issue now?

NZX withdraws offer for Australian firm (http://www.stuff.co.nz/business/2509676/NZX-withdraws-offer-for-Australian-firm)
NZX, operator of the New Zealand sharemarket, has withdrawn a bid to buy a controlling stake in a small Australian market operator.

[macduffy]

So any ideas what NZX will do with the proceeds of the rights issue now?

NZX withdraws offer for Australian firm (http://www.stuff.co.nz/business/2509676/NZX-withdraws-offer-for-Australian-firm)
NZX, operator of the New Zealand sharemarket, has withdrawn a bid to buy a controlling stake in a small Australian market operator.

Perhaps buy up some more farming journals?
Are there any left?

;)

[Dr_Who]

NZX is up 9.59% and ASX up 13.4% in 3 mths and Kiwisaver funds only managed 4.86% before all the huge fees.

So, can someone tell me again why one should invest in managed funds?

http://www.biggie.co.nz/interaction/forum/images/smiles/bluelaugh.gif

[macduffy]

NZX is up 9.59% and ASX up 13.4% in 3 mths and Kiwisaver funds only managed 4.86% before all the huge fees.

So, can someone tell me again why one should invest in managed funds?

http://www.biggie.co.nz/interaction/forum/images/smiles/bluelaugh.gif

I think you're asking the wrong people here, doc!

:D

[PartTimeTrader]

I do it because my employer matches my contribution 1 for 1 and you get the tax credit (an instant 100%+ ROI). Even those monkeys managing the funds would have a hard time screwing that up. But if I had to invest any additional dollars not matched by employer / tax credit then hell no investing in Kiwi saver would just be stupid.

[upside_umop]

NZX is up 9.59% and ASX up 13.4% in 3 mths and Kiwisaver funds only managed 4.86% before all the huge fees.

So, can someone tell me again why one should invest in managed funds?

http://www.biggie.co.nz/interaction/forum/images/smiles/bluelaugh.gif

Then again, managed funds werent down 50% last year though were they?

You always say how boring the NZX is too..look at comparative performance over the last year and you will understand why it hasnt rebounded quite as much as the asx. Of course, you were out of the ASX all together last year right? Didnt take any losses and have only made gains this year. Yeah right.

http://ichart.finance.yahoo.com/z?s=%5EAORD&t=1y&q=l&l=on&z=m&c=%5ENZ50&a=v&p=s

Anyway, the thread can now get back to the original topic of the listed company 'NZX.'

[BRICKS]

BRICKS is looking at NZX..

[Sideshow Bob]

Excellent!!!

[BRICKS]

Excellent!!!

SIDESHOW BOB the APRIL FOOL..

[gonzo56]

Looking like a good time to buy today? What do you think, back to $2 in a month..

Update:
Ok, not according to the NZSX50 Index chart from Phaedrus.

[Balance]

What has Mr Weldon been up to?

Sold 2m NZX shares on 24 June 2011 after NZX has been announcing everything going swimming well in its businesses.

In fact, its annual report stated that "Clear was “demonstrating real momentum, with trading currently tracking at four times the levels reached in the previous harvest.”

Now we find NZX admitting that Clear Grain Exchange trading business has not been going well, NZX has withheld payments etc.

Not really kosher, is it?

[Balance]

http://www.nzx.com/markets/NZSX/NZX/announcements/5257760/NZX-update-2

Damage control?