sharetrader
Page 632 of 1722 FirstFirst ... 13253258262262862963063163263363463563664268273211321632 ... LastLast
Results 6,311 to 6,320 of 17211
  1. #6311
    Reincarnated Panthera Snow Leopard's Avatar
    Join Date
    Jul 2004
    Location
    Private Universe
    Posts
    5,853

    Arrow An impairment here, a write-off there

    Quote Originally Posted by RTM View Post
    Not ideal....did "we" already know this ?

    http://www.sharechat.co.nz/article/a...g-2-2-mln.html

    "The latest liquidators report in May 2015 from Blacklock Rose liquidator Garry Whimp said two secured creditors – understood to be Heartland Bank and Trade Publication Ltd, are owed $1.449 million. The IRD has put in a claim for $287,190, while the company owes wages and holiday pay of $18,125. Claims from a further 24 unsecured creditors have been received totalling $625,631."
    You may notice that the receivers and then the liquidators were called in March 2014, 18 months ago.
    So it is highly likely that it featured in the FY2014 accounts and in an adjusted form in the FY2015 accounts.

    Best Wishes
    Paper Tiger
    om mani peme hum

  2. #6312
    Senior Member
    Join Date
    Aug 2002
    Location
    auckland, , New Zealand.
    Posts
    769

    Default

    Quote Originally Posted by sb9 View Post
    https://nzx.com/companies/HNZ/announcements/269858

    Chris Mace (Director) buying on market 713k shares. not bad.
    This makes no sense to me, according to todays, above announcement, Chris Mace had no beneficial ordinary shares in HNZ before purchasing the 713k shares.

    However on the 30 June 2014 according to the annual report of HNZ he had over 12mil shares in this class. I could not find any NZX announcements of Chris Mace having traded in the period between 30 June 2014 and today so unless I missed something we should expect a correction soon.

  3. #6313
    Reincarnated Panthera Snow Leopard's Avatar
    Join Date
    Jul 2004
    Location
    Private Universe
    Posts
    5,853

    Smile Oceania & Eastern

    Quote Originally Posted by forest View Post
    This makes no sense to me, according to todays, above announcement, Chris Mace had no beneficial ordinary shares in HNZ before purchasing the 713k shares.

    However on the 30 June 2014 according to the annual report of HNZ he had over 12mil shares in this class. I could not find any NZX announcements of Chris Mace having traded in the period between 30 June 2014 and today so unless I missed something we should expect a correction soon.
    You missed something - read the entire announcement

    Best Wishes
    Paper Tiger
    om mani peme hum

  4. #6314
    Senior Member
    Join Date
    Aug 2002
    Location
    auckland, , New Zealand.
    Posts
    769

    Default

    Thanks PT, comprehension was never a strength of mine.

    Were I stopped reading and obviously still missing something is at the beginning of the announcement.

    Summary of acquisition or disposal of relevant interest (excluding specified derivatives). It then talks about ordinary shares. And numbers held in class before acquisition or disposal being zero.

    Would you like to explain this further, cheers forest

  5. #6315
    Guru
    Join Date
    Nov 2013
    Posts
    3,025

    Default

    Quote Originally Posted by forest View Post
    Would you like to explain this further, cheers forest
    Read page 2. He has a beneficial interest through 2 different entities. The existing holding has 12m and the new purchases are through a new entity which so only holds the new purchase of 700k.

  6. #6316
    Senior Member
    Join Date
    Aug 2002
    Location
    auckland, , New Zealand.
    Posts
    769

    Default

    Thanks Harvey, now I understand.

  7. #6317
    Member
    Join Date
    May 2014
    Location
    NZ
    Posts
    30

    Default

    While Chris Mace has bought 713k shares, institutional holders continue to offload. Nearly 10m last month.

  8. #6318
    Guru
    Join Date
    Aug 2012
    Posts
    4,661

    Default

    Quote Originally Posted by belted galloway View Post
    While Chris Mace has bought 713k shares, institutional holders continue to offload. Nearly 10m last month.
    It has been an interesting past month for transactions. Institutional off-loading compared with three insider purchases.

    Maybe there has been an outflow from managed funds - retail investors being spooked or whatever and withdrawing their investments. Maybe some Kiwisavers have been transferring their funds from growth units to balanced or conservative units. There has been/ still is a risk-off environment. Management/directors are in tune (hopefully) with the actual business environment for the company.

  9. #6319
    The Wolf of Sharetrader
    Join Date
    Jul 2013
    Location
    On my Superyacht
    Posts
    1,240

    Default

    Quote Originally Posted by sb9 View Post
    https://nzx.com/companies/HNZ/announcements/269858

    Chris Mace (Director) buying on market 713k shares. not bad.
    Can't blame them for stocking up now while they can, prior to the Motor Vehicle Finance takeover announcement


  10. #6320
    Advanced Member
    Join Date
    Dec 2009
    Location
    Eastern BoP..
    Posts
    1,808

    Default

    Quote Originally Posted by nextbigthing View Post
    , prior to the Motor Vehicle Finance takeover announcement
    Can you back up that statement ???

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •