NZF Group (NZF and NZF010)

[minimoke]

First NZF020 bid is for 5,000 at 100. Someones having a go!

Must have been dipping their toes and found it to cold. Bidder now gone

[blackcap]

haha that was me trying to see if they would accept orders.. But may reenter in a day or 2, probably next week. But realistically the yield play and bidding in % terms is perfect for most bonds. But when the variance is too far from the coupon it does become rather silly.

[Tony Two Gloves]

I see there major shareholder John Callaghan has just resigned from all directorships in the NZF group.....it's all happening today !!

[Enumerate]

NZF020 at 100% is worth about 7.2cents per note, according to the NZX site.

Why does NZX persist with interest rate traded bonds - much easier to deal with price traded entities ....

[Tony Two Gloves]

SP has just dropped 33% to 0.03, is this the begining of the death spiral Enumerate?

Well I suppose the death spiral really started around the 0.20 mark which NZF clung onto for some time....

[minimoke]

SP has just dropped 33% to 0.03, is this the begining of the death spiral Enumerate?

Well I suppose the death spiral really started around the 0.20 mark which NZF clung onto for some time....

Its below the $0.038 I thought it would come in at and well below the $0.057 if the $2m had been added back in. Still its only a $119 trade. The last of the big spenders are out in force!

[winner69]

Its below the $0.038 I thought it would come in at and well below the $0.057 if the $2m had been added back in. Still its only a $119 trade. The last of the big spenders are out in force!

Might be a start fo the rush though

Market cap at 3 cents is $2.3 million .... big spenders don't count ..... heck ALF is worth over $20 million

[Tony Two Gloves]

Good comparison Winner, what shares would we all rather hold at say 0.012 ALF or NZF?

This time I won't go first because I don't know. I think the surprises are probably all just about out of the ALF book, not so sure about the NZF book. Would be interested in views....

[minimoke]

Good comparison Winner, what shares would we all rather hold at say 0.012 ALF or NZF?

This time I won't go first because I don't know. I think the surprises are probably all just about out of the ALF book, not so sure about the NZF book. Would be interested in views....

Don't know about ALF - its hit an all time low of $0.012 today.

You need a third option. NZF, ALF or a smack in the face. I reckon the third is the gentlest.

[invessi]

Not a good comparison, ALF is rooted, not so NZF!