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  1. #341
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    Down to 2 cents this morning and now a buyer at 1.4 Not for the faint of hearted.... But a conversion price of 6 cents, and now a 2 cent share price should imply a bond price of 33 cents? So a ytm of about 100%?

  2. #342
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    This notices have been posted on direct broking but there are no attachments?
    06/04/2011 SSH: NZF: SSH - (trustees of the Hillview Trust)
    05/04/2011 SSH: NZF: SSH - (Best Investments Limited)
    05/04/2011 SSH: NZF: SSH - (Peter Karl Christopher Huljich)

  3. #343
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    Quote Originally Posted by Alan3285 View Post
    Hi Phaedrus, is the chart your own creation using source data? If so, would you be able to post the file (rather than an image)?
    The chart was created with MetaStock software using vendor supplied data. If you want a .csv file of NZF raw data (Date, Open, High, Low, Close, Volume) one can be downloaded from Yahoo Finance :-
    http://au.finance.yahoo.com/q/hp?s=NZF.NZ

    It is hard to see exactly what is happening at the 'Sell' point you have indicated - is that an inflection point in the 200-day moving average, or something else?
    The red "Sell"arrows mark :-
    (1) Where NZF broke below its confirmed trendline (green line) and
    (2) Where NZF first broke below a 200 day Simple Moving Average.
    (This is an indicator commonly used by conservative investors).

  4. #344
    Member Tony Two Gloves's Avatar
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    Hope your right Invessi, I am still a little mystified why this process has taken so long. I also believe that no potential partner would have required them to stop lending, whilst going through the Prospectus amendments it appears the real reason they stopped lending was they had no cash and no hope of raising bank funding.

  5. #345
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    Quote Originally Posted by Tony Two Gloves View Post
    Hope your right Invessi, I am still a little mystified why this process has taken so long. I also believe that no potential partner would have required them to stop lending, whilst going through the Prospectus amendments it appears the real reason they stopped lending was they had no cash and no hope of raising bank funding.
    I don't think "no cash" is the reason, the wholesale funds arrangment with Westpac for home loan lending is still $225m from memory and we have not seen a notice that this has been withdrawn, I understand there have been a number of potential partners which is why the process has taken so long and the Christchurch situation was instrumental in delaying matters, I understand one of these potential partners required the halt in lending, not sure about the current suitor?

  6. #346
    Member Tony Two Gloves's Avatar
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    There goes the Chairman Invessi......I wonder if this will lead to some shareholder changes?

    NZF Group Limited - Resignation of a Director

    NZF Group Limited announces that following the sale of the Huljich KiwiSaver
    business, Peter Karl Christopher Huljich has decided to resign Company
    Directorships to focus on his private business interests

  7. #347
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    Yes, I was expecting that to happen!

    Quote Originally Posted by Tony Two Gloves View Post
    There goes the Chairman Invessi......I wonder if this will lead to some shareholder changes?

    NZF Group Limited - Resignation of a Director

    NZF Group Limited announces that following the sale of the Huljich KiwiSaver
    business, Peter Karl Christopher Huljich has decided to resign Company
    Directorships to focus on his private business interests

  8. #348
    Guru Xerof's Avatar
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    PH has also resigned from other directorships today, so wouldn't read anything 'NZF specific' into his departure.

    Can anyone tell me when the Westpac facility is due for expiry or renewal? They are very vulnerable to them also departing, and I can't really find a compelling reason for Westpac to stay to be quite honest....

  9. #349
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    NZF
    12/04/2011 13:26
    GENERAL

    REL: 1326 HRS NZF Group Limited

    GENERAL: NZF: NZF Group Limited (NZF) - Continuous Disclosure

    NZF Group Limited (NZF) - Continuous Disclosure

    On 2 February 2011, NZF announced that it was in the final stages of
    negotiation with a new business partner, who we believed would be in a
    position to offer NZF the most effective solution for its current and future
    capital needs, in order to take advantage of growth opportunities that exist
    within the Residential Mortgage Backed Securities market in New Zealand.

    The process has taken much longer than originally expected due in part to the
    negative ramifications of the Christchurch Earthquake but also NZF's desire
    to secure the best possible long term business partner.

    NZF is now in discussion with two parties and would expect to be able to
    announce firm details of the preferred partner by 29 April 2011.

    ENDS
    End CA:00207947 For:NZF Type:GENERAL Time:2011-04-12 13:26:23

  10. #350
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    oh dear - where have we heard all this before.

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