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16-03-2011, 09:51 AM
#281
Originally Posted by minimoke
First NZF020 bid is for 5,000 at 100. Someones having a go!
Doesn't seem worth the brokerage or am I missing something in the maths? That would be less than $400 worth, or am I out by a factor of 10 or something?
Disclaimer - Not at my calculator, so doing it in my head.
Edit: Forgot that Windows has one - it seems to agree, but I may be doing it wrong.
Alan.
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16-03-2011, 10:54 AM
#282
Member
Originally Posted by Alan3285
Doesn't seem worth the brokerage or am I missing something in the maths? That would be less than $400 worth, or am I out by a factor of 10 or something?
Disclaimer - Not at my calculator, so doing it in my head.
Edit: Forgot that Windows has one - it seems to agree, but I may be doing it wrong.
Alan.
Buying 5000 NZF020 notes at 100% will cost $359 plus brokerage.
It is strange that nobody wants to sell the notes. Whether you can place an order to sell is a question to be found out. Remember you can neither buy nor sell NZF010 a few weeks ago.
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16-03-2011, 10:56 AM
#283
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 ....
Do not consider my postings as investment advice. I am here to share research and to speculate on what might be. The boundary between fact and conjecture might not always be clear - best to treat all comments as speculation.
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16-03-2011, 05:11 PM
#284
Originally Posted by 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
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16-03-2011, 05:28 PM
#285
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.
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17-03-2011, 01:51 PM
#286
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....
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17-03-2011, 02:29 PM
#287
Originally Posted by 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....
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!
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17-03-2011, 02:32 PM
#288
Originally Posted by minimoke
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
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17-03-2011, 04:08 PM
#289
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....
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17-03-2011, 05:51 PM
#290
Originally Posted by 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....
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.
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