Depends on "at what price"
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I see it mentioned yesterday they were selling thru Deutsche Craigs
You could have bought mine pre divvy for $2.64, sold my holding for a substantial loss, didn't like where it looked to be heading post divvy and too many variables affecting this stock for my liking. At least I collected a couple of good divvies along the way as a consolation prize.
I think it was 2.38 or so when Caltex sold down their stake thro' Craigs (from memory) couple of years back I think. However, it was turnaround time for NZR at that time when things were pointing for brighter outlook, not sure this time around though....
BP may have picked their timing wrong on this one...
Those with connections would have sold down some holdings to 'make room' for some cheaper from BP. Happens all the time with loose-lipped brokers/financiers
Pursuant to that agreement, 10,667,367 Ordinary Shares held by BP New Zealand Holdings Limited and 24,000,014 Ordinary Shares held by Europa Oil NZ Limited have been allocated to investors, at a sale price of NZ$2.32 per Ordinary Share, with settlement expected to occur on 21 March 2017
https://www.nzx.com/companies/NZR/announcements/298429
so have a overhang next week on the share price?