Hear what you're saying Winner, but doesn't always end in tears for the punters - Synlait is a great example of leaving some meat on the bones.
discl: stagged these early, when disappointed how little stag there was given the hype (cheers belg)
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This whole situation reeks of flagrant corruption/manipulation. My arse they weren't aware of the issues at listing, how naive do they think people are. I'm seriously pissed. Bastards.
Yes RYM a good bellwether stock Sum less so ; both under the 200DMA but not MET. Think you're over reacting paddy. **** happens.
pop that bubble and get out of that suit:D
does anyone know if you brief a select group of people about your business sensitive info before telling the market is that a breach of disclosure law in nz ?
In australia it is considered that.
I am 100% sure that the institutional investors would have not traded or advised anyone to trade in Gentrack shares if they had received price sensitive information during the briefing that was not publicly available. Because if they did, it might have been considered insider trading.
https://www.fma.govt.nz/glossary/insider-trading/
Insider trading is when a person with materially price-sensitive information about a public issuer that is not generally available to the public buys or sells (or encourages others to buy, hold or sell) the issuer’s securities to make a profit or avoid a loss. New Zealand law prohibits insider trading.
So if they had traded in shares while in possession of inside information, they could even find themselves criminally liable. But again, I am 100% sure that this did not happen at all.