Nzx

[QOH]

Is the entire NZX down today?
Nothing happening anywhere, not even an announcement there or on Direct broking site.

[kiwitrev]

Same on ASB Sec. News vacuum. Anybody know what's going on. Even CNBC don't know.

[Whipmoney]

"We are aware of an issue meaning announcements are not currently appearing on the NZX website, we're working on it and will update shortly."

[777]

After the Labour/Green bombshell last week there is no market. Everything will eventually be controlled.

[CJ]

Labour have taken over the NZX due to the super profits they have been making. They are now the sole buyer/seller of shares.

As a result of this policy, rolling blackouts have commenced ;)

[TimmyTP]

Market Depth is also down - they said that market announcements are available on X-stream, which means that your broker should have access to them, just not on the nzx website. They will halt trading for anything with a price-sensitive announcement.

[Blendy]

i'm not getting anything on ASB either

[Bunta]

someone in the exchange took there lunch to work in a pressure cooker

[Whipmoney]

Flying blind... great...

[Minerbarejet]

Market Depth is also down - they said that market announcements are available on X-stream, which means that your broker should have access to them, just not on the nzx website. They will halt trading for anything with a price-sensitive announcement.. Probably pulling MRP

[Banksie]

Labour have taken over the NZX due to the super profits they have been making. They are now the sole buyer/seller of shares.

As a result of this policy, rolling blackouts have commenced ;)

lol - bulk buying on our behalf, your parcel of SEA at $2 per share are in the post ;)

[Minerbarejet]

Flying blind... great...
Maybe someone has a laser at work

[Goldstein]

http://www.stuff.co.nz/business/industries/8585299/NZX-opens-despite-website-failure

Professionals and institutions can still see what's going on, the rest of us blind

[CJ]

i'm not getting anything on ASB either


Ah and here I was thinking that DB were screwing up again. Jeez, the system needs to get its act together!So with DB and ASB out, small investors who use the discount brokers get screwed. NZX should suspend trading till this is sorted.

Market up 0.88% apparently

[QOH]

So are sales going through, and we just can't see them, or is there a general trading halt?
One would think that the brokerage companies could at least put up some info on their home page.

[robbo24]

The Cossacks are starting to dance...

[Minerbarejet]

Just checked DIL, trades still going through. This should considerably slow the market day though if buying info is not available. Come on NZX, how else am I supposed to wittle away my day at work!?!?!


4454
I suspect multitasking withdrawal symptoms are appearing.:mellow::):)

[JohnnyTheHorse]

Yeah the 30k at 660 on DIL is gone and new orders are appearing.

[Toasty]

Probably quite good for my investing technique. Lack of information will stop me making panic buy or sell decisions based on the last comments I read on this website.

[TimmyTP]

The official announcement reads:

Please be advised that we continue to experience issues with our market depth feed.
Market announcements are only visible on the trading platform X-stream.
If NZX receives any price sensitive announcements, NZX will halt trading in the releventsic securities, which will remain in halt until the announcement visibility issue has been resolved.

I read this (and the evidence reported on DB and ASB) to mean that the depth is out for everyone - really can't understand why they don't issue a general halt if that's the case though - am I reading too much into the announcement?

[Toasty]

X-stream is the only platform receiving info. Maybe its a marketing scheme to get everybody on to a paying platform? Their website is pretty bad though. There is nothing to make it easy to sign up and no pricing information in sight...

[TimmyTP]

X-stream is the only platform receiving info. Maybe its a marketing scheme to get everybody on to a paying platform? Their website is pretty bad though. There is nothing to make it easy to sign up and no pricing information in sight...
I don't think NZX would allow you access unless you are a market participant, but your broker (who is, or has a direct relationship with a market participant to on-sell the data and access to the market) will be trading and receiving market data through that platform.
What concerns me is that, if market depth is really unavailable through the exchange's interface, that would mean that everyone - even the market participants - would be flying blind. Open outcry anyone?

[BIRMANBOY]

Lol..........
labour have taken over the nzx due to the super profits they have been making. They are now the sole buyer/seller of shares.

As a result of this policy, rolling blackouts have commenced ;)

[TimmyTP]

I'll volunteer for that. Can anyone in NZ understand Canadian though, eh???
I think the idea of trading in loonies could really catch on!

[BIRMANBOY]

Yeh, so whats new about that?
http://www.stuff.co.nz/business/industries/8585299/NZX-opens-despite-website-failure

Professionals and institutions can still see what's going on, the rest of us blind

[BIRMANBOY]

Buying them is simple...selling them is impossible.
I think the idea of trading in loonies could really catch on!

[Toasty]

This is quite major and there is one little twitter entry on the NZX website. Seems they could be giving it a bit more emphasis. I don't like not knowing what is going on especially when the large institutions are merrily trading away in the back ground. This is not exactly reassuring the public about investing in the "productive sector".

[QOH]

If it 's only depth that isn't available, why is my portfolio on DB site not showing a single share price change since yesterday?
I think it's worse than what they have stated.

[Toasty]

I think the market should keep trading as long as everything continues upwards. As soon as one of my holdings looks like it may drop, the market should then be stopped. Hang on, I will just send the NZX a list of my stocks....

[TimmyTP]

If it 's only depth that isn't available, why is my portfolio on DB site not showing a single share price change since yesterday?
I think it's worse than what they have stated.
That's a good point and you could well be right, but I think it's too hard to tell without knowledge of how their software works. It's possible that L1 is available from NZX, but they use L2 for all of the data on website, including best bid & ask, last traded etc.
For the conspiracy theorists - if that's the case, it would also probably mean that the instos have one eye un-patched!

[Billy Boy]

No you's are all wrong !!!.... its a test run with the Capital Gains Tax that's proposed by Mr Skinner/ Lifter/.. oh yea, SHEARER.
BB:confused:

[Balance]

NZX showing who is boss - retail investors can all get nicked.

[zigzag]

Is NZX still playing up? The last announcement on my screen is at 2.39pm. Is this all there is?

[Balance]

Mr 'Knows It All' Bennett telling retail investors exactly what he thinks of them. Not a chance of a level playing field with this arrogant so and so for retail investors.


Glitch leaves investors in dark
By Tamsyn Parker
5:30 AM Wednesday Apr 24, 2013
NZX boss Tim Bennett has reassured retail investors the market will be up to scratch for the Mighty River Power float after the exchange went down for three hours yesterday.

A data glitch, which hit yesterday morning, meant releases and stock prices were not available to the public on the NZX's website.

Market participants were still able to trade, but retail investors would have had to ring their broker to get a price for selling or buying shares.

Bennett said a back-up system was now in place. "It's very much a one-off and rare event."

He said the company had tracked the error and knew what had gone wrong. It was not linked to a system upgrade undertaken in November last year.

"We can say this particular error won't happen again."

Bennett said since he joined the NZX in May last year, this sort of problem had happened once and it had been resolved before the market opened.

Bennett said intra-day trading should not be as important for retail investors and they should be looking at the fundamentals of a company and the long-term potential.

The exchange would make a thorough investigation of the glitch.

[winner69]

See moosie et al ...... you don't count - Mr Bennett says so

Bennett said intra-day trading should not be as important for retail investors and they should be looking at the fundamentals of a company and the long-term potential.

[Balance]

See moosie et al ...... you don't count - Mr Bennett says so

Bennett said intra-day trading should not be as important for retail investors and they should be looking at the fundamentals of a company and the long-term potential.


And we have John Key, Bill English etc telling Mum and Dad investors they should invest in the share market!

What a sham!

Anyone who was trading yesterday should make a complaint to the FMA that the NZX has breached the fair trading act etc.

It is damning that the NZX actually believes that market depth is not important information, likewise market announcements to retail investors - so access to information is available to one but not to another!

1. The NZX is now officially an uneven playing field against certain investors - i.e.. retail investors.

2. The NZX will decide what is market sensitive information and what is not!

So sale by ALF of 25% of its business base is not price sensitive information, likewise Precinct buying $100m of property!

[CJ]

See moosie et al ...... you don't count - Mr Bennett says so

Bennett said intra-day trading should not be as important for retail investors and they should be looking at the fundamentals of a company and the long-term potential.Bennett needs to come out and say he was mis-quoted. His attitude is terrible and is not good for trust in the market.

[Balance]

While I empathise with the view that intra-day trading is not so important for retail customers, it is completely irresponsible for Bennett to justify the failure this way.

The flip side of what Bennett says is that transparent liquidity for investors is not important. Long term investors have to buy and sell at some point, and those buyers and sellers may well include short term retail traders.

Bennett has inadvertently given some huge signals that alternatives at the small end to the NZX like Unlisted and bigger guys like the ASX are better bets than the NZX.

The only answer for NZX to give is "We had a short systems failure for which we are sorry. Steps are being taken to rectify this mistake and put backup systems in place. We will also consult with major stakeholders to confirm trading halt procedures should there ever be a partial failure that is seen to be beneficial to some over others."

One arrogant incompetent bunch, the NZX management and directors - only know how to milk a monopoly and lobby John Key's government for preferential treatment at every turn.

Bring back Labour!

Time to sort out these closet capitalists who have no idea how to really help grow NZ's economy save make themselves rich.

Remember the Takeover Code? Took a Labour government to sort the bastards out to provide a level playing field.

[Balance]

lol, quote of the day. I guarantee you my money would be heading out of the NZX if those muppets got elected:

http://en.wikipedia.org/wiki/Cutting_off_the_nose_to_spite_the_face

Lol too but in reality, Labour has actually been good for markets, believe it or not!

Look at 1984 to 1987, 1999 to 2007.

Just have to know how you take advantage of their policies.

National is all about preserving the status quo - especially for their rich mates.

Muldoon did more damage to the NZ economy than anyone ever did in the history of NZ.

[CJ]

Lol too but in reality, Labour has actually been good for markets, believe it or not!

Look at 1984 to 1987, 1999 to 2007.Not just good for markets, they have been great for the whole global economy. Or maybe that is not correlated, just a coincidence.

[J R Ewing]

Lol too but in reality, Labour has actually been good for markets, believe it or not!

Look at 1984 to 1987, 1999 to 2007.

Just have to know how you take advantage of their policies.

National is all about preserving the status quo - especially for their rich mates.

Muldoon did more damage to the NZ economy than anyone ever did in the history of NZ.

It's not every day that I agree with you Balance, but I certainly agree with this post.

I'm not so sure that a Green Labour Govt would be good for the markets next time though.

[Balance]

Funny how the swings in theory happen.

1970s National and Labour much like each other in term of economic orthodoxy
early 1980s National protectionist and illberal, Labour now following laissez-faire orthodoxy
late 1980s Labour leading in laissez faire economics, National now cautiously adopting it
early 1990s National leading in laissez faire economics, Labour moving away from it
late 1990s, National moving away from laissez faire economics, Labour embracing "third way"
early 2000s, Labour leading in "third way", National slowly embracing it
late 2000s, Labour still pushing third way with flashes of old school socialism, National embraces hybrid laissez faire/third way after Brash era of laissez-faire
early 2010s, National leading in hybrid LF-third way, Labour now moving towards more interventionist/socialist policies.


Excellent summary, stc.

I think that it is one thing for Labour and Green in opposition to put forth radical interventionist policies to gain traction with the great unwashed out there, it is another thing if they actually attain power.

Look at the ultimate politician in NZ, Winston Peters - played up big time on race issues when he was in Opposition but in power, he was a pussy cat.

[Under Surveillance]

The only answer for NZX to give is "We had a short systems failure for which we are sorry. Steps are being taken to rectify this mistake and put backup systems in place. We will also consult with major stakeholders to confirm trading halt procedures should there ever be a partial failure that is seen to be beneficial to some over others."
A specific mention of the Shareholders Association as a stakeholder to be consulted would at least genuflect towards retail investors. I'm not a member.

[Balance]

Wow! Big thumbs up by FMA on NZX! How good is this?

Bring out your check books, guys, and BUY NZX!

https://www.nzx.com/companies/NZX/announcements/237003

[thedigger]

What about all the back-door listings in the wings !! the NZX has no current way of controlling them. Some of those old Cons are still out there.

[Balance]

What about all the back-door listings in the wings !! the NZX has no current way of controlling them. Some of those old Cons are still out there.

It's all about profits for the NZX and keeping the FMA sweet - investors can look after themselves.

[Joshuatree]

NZX bounced off a two year low and about to smooch the 50 DMA .

Four reasons NZX's on fire today (http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11356672)

[Balance]

NZX bounced off a two year low and about to smooch the 50 DMA .

Four reasons NZX's on fire today (http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11356672)

Some analysts upgrading NZX prospects due to pipeline of IPOs, according to one report.

NZX just had the mother of IPOs (MRP, GNE & MELCA) and sp has gone backwards.

Maybe the analysts are thinking Orion and Truscreen will be bigger than those?

[Balance]

So is Mr Weldon (ex CEO) going to pay back some of his bonuses and share options as a consequent of this tax (and profit) adjustment?


Settlement of IRD tax audit
3:36pm, 9 Feb 2015 | GENERAL

As outlined in NZX’s previous financial statements, the IRD commenced a tax audit of NZX in November 2012. The audit has been ongoing since then and relates to the income tax returns for the years ended 31 December 2008 to 2010. As disclosed in NZX’s 30 June 2014 financial statements, in March 2014 the IRD issued Notices Of Proposed Adjustment in relation to certain items.

NZX advises that it has agreed a settlement in principle with the IRD in respect of these matters. As a result, NZX’s annual financial statements for the year ended 31 December 2014 will include a provision of $1.2m to account for the tax and estimated use of money interest payable pursuant to the settlement. This settlement will conclude the tax audit.

For more information please contact:
Media
Kate McLaughlin
Head of Communications
M: 027 533 4529
E: kate.mclaughlin@nzx.com

[Jim]

What is happening to NZX ? It share price seem to be on the bottom of the trough and the turn over is reasonable large lately.

[Traderwannabe]

I would like to ask the same question as above. Any thoughts on NZX sp lately? Do people see this as a buy?

[golden city]

i see it drop under 1.00 soon

[Joshuatree]

Because its a forward looking indicator stock on the health of the NZ economy.

[Jim]

i see it drop under 1.00 soon

This monopoly company is in the bottom of the trough. I think this is the time to start accumulate for the long haul

[banter]

Needs new board, new management. If they can't prosper in the boom times of the last few years, with big new issues and a strong bull market, when will they?

[Hectorplains]

This monopoly company is in the bottom of the trough. I think this is the time to start accumulate for the long haul

You may well be right, I'd note thou' that the same call was made in April in this thread, from whence it headed still lower on it's two years of steadily downward trending. Okay, there are no blazing negatives but I can't see much positive either that'd suggest it's time to buy? Certainly there doesn't seem to be much IPO action in the off-ing. The NZXA has been ... indicative of a comapny with few ideas and less of a clue how to market them. Perhaps I'm being too harsh?

[silverblizzard888]

By the looks of things listing revenue will be the major factor in revenue and profits dropping. Not sure how else they will make up the numbers, theres definitely better dividend stocks out there too. Theres a lot of security I guess with these type of stocks since NZX itself is going nowhere. Probably rate them at 85cents given current info, $1 if we are considering this to be a risk free return on your money. I'd only take the risk at 85 cents given dropping revenues and profits, but everyone to their own opinion I guess haha. :p

[RGR367]

If it's dropping how come my buy order at .94 has been there for a week? C'mon Guys release your hold on this stock. ;)

[bull....]

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11560563

the problem tim bennett needs to attract companies in the first place, the fact none are coming to market means your offering is not good enough to entice them - simple marketing 101 by building up the market listings will mean it is worth brokerages to research companies so that goes hand n hand.
kiwisaver is dominated by the big banks as is the new financial advisor laws which are designed for the big banks.
funds have to follow there mandates so can only invest in startups if allowed anyway i believe milford does support start ups,

[kiora]

Shake up?
https://static1.squarespace.com/static/5b6cc24efcf7fd65c1e13c54/t/5bb1d75be2c483b7372f32b2/1538381674189/%23NZXNOW+-+Press+Release+-+2+October+2018.pdf
https://www.nzxnow.com/nzxnow-2

[Balance]

Shake up?
https://static1.squarespace.com/static/5b6cc24efcf7fd65c1e13c54/t/5bb1d75be2c483b7372f32b2/1538381674189/%23NZXNOW+-+Press+Release+-+2+October+2018.pdf
https://www.nzxnow.com/nzxnow-2


Simple answer - bring Mark Weldon back. The sun shone out of his arse when he was CEO according to the legions of 'smart' money backing him - Brian Gaynor, Forsyth Barr, the late Lloyd Morrison & John Key & the Wellington Mafia.

Question is whether he successfully trapped the sun in his arse though after the revelations which came out over Clear Grain, Media Works and GeoP.

[Brain]

Mark Weldon was the one that that replaced the capital index with the gross index. Total d#ckhead.

[Balance]

Mark Weldon was the one that that replaced the capital index with the gross index. Total d#ckhead.

That he is and that he did but he knew how to get that sp up - and that's what the Brian Gaynors and John Keys of this world are only interested in.

Never mind the fact that Weldon cooked the goose which was laying the golden eggs.

[Balance]

Shake up?
https://static1.squarespace.com/static/5b6cc24efcf7fd65c1e13c54/t/5bb1d75be2c483b7372f32b2/1538381674189/%23NZXNOW+-+Press+Release+-+2+October+2018.pdf



Freaking heck, these NZX clowns sure know how to enjoy life!

They would not have flown economy class or stayed in a 4 star hotel either!

Hard to justify the whole freaking board and hanger-ons flying to NY to witness the signing of a meaningless MOU with Nasdaq - whatever happened with the other MOUs with HK, Singapore etc?

[bull....]

Freaking heck, these NZX clowns sure know how to enjoy life!

They would not have flown economy class or stayed in a 4 star hotel either!

Hard to justify the whole freaking board and hanger-ons flying to NY to witness the signing of a meaningless MOU with Nasdaq - whatever happened with the other MOUs with HK, Singapore etc?

they probably all flew to singapore and hong kong as well lol life fun at the ok coral

[Balance]

they probably all flew to singapore and hong kong as well lol life fun at the ok coral

One thing for sure - it is indeed time to kick the whole incompetent board and inadequate management out. NZX is far too important to the NZ economy and for our future generations to leave alone to its muddling ways.

[Baa_Baa]

One thing for sure - it is indeed time to kick the whole incompetent board and inadequate management out. NZX is far too important to the NZ economy and for our future generations to leave alone to its muddling ways.

What do you think of the Elevation Capital analysis and proposals? Seems well researched and thought out, progressive and a call to action across all areas of the business. Quite an indictment but rich in suggestion rather than them just bitching from the sidelines.

Not quite as radical as your proposition to fire everyone, but well worth a read.

[peat]

Shake up?
https://static1.squarespace.com/static/5b6cc24efcf7fd65c1e13c54/t/5bb1d75be2c483b7372f32b2/1538381674189/%23NZXNOW+-+Press+Release+-+2+October+2018.pdf
https://www.nzxnow.com/nzxnow-2

good to see some ass being kicked. Funnily enough they say exactly what I thought when I read that strategic review. 'Not a real plan'

[bull....]

https://www.stuff.co.nz/business/107527215/activist-claims-nzx-has-become-the-nz-post-of-old-calling-for-sales-staff-cuts

im thinking once the bull ends the nzx will well and truly be exposed

[bull....]

https://www.stuff.co.nz/business/107545963/attacks-on-the-nzx-raise-valid-questions-about-the-future-of-new-zealands-financial-markets

article suggesting its the self serving board thats the problem

[Balance]

https://www.stuff.co.nz/business/107545963/attacks-on-the-nzx-raise-valid-questions-about-the-future-of-new-zealands-financial-markets

article suggesting its the self serving board thats the problem


https://www.sharetrader.co.nz/showthread.php?7792-NZX-NZ-Exchange/page34&highlight=nzx

This is the better thread wirth excellent history to debate the NZX.