What odds are there on this http://www.nzherald.co.nz/business/n...ectid=12029155 listing?
TBF - It's hard to see where the next-leg-up growth is coming from?
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What odds are there on this http://www.nzherald.co.nz/business/n...ectid=12029155 listing?
TBF - It's hard to see where the next-leg-up growth is coming from?
There are plenty of areas they are not delivering to . In addition to this there are plenty of add ons these guys can do and different “ bags” they can put out ... whatever the latest fad is , GF, Atkins, Vegan, Paleo.
currently NZ”s 3rd biggest food retailer behind Foodstuffs and Countdown .
https://www.nzx.com/announcements/316551
A start but why such a long consultation process?
all the self interested back an forth haggling i presume
Wonder if they get it about the lack of liquidity causes traders not to trade as the cost of business is to high but also that businesses may not to list as well , mainly as liquidity can affect the optimal capital structure a business can use to price a business.
http://www.sharechat.co.nz/article/8...t-trading.html
The Wellington-based company is considering introducing a $50,000 threshold for investors to trade stocks outside the formal secondary market
lol so they will increase liquidity by bringing all the odd lot orders to market , golly gosh wish i was a s/h going to the s/h meeting friday i would be asking serious questions.
Extremely sobering to note NZX track record of listings in recent times :
CBL,
Wynyard
Intueri
Snakk
Veritas
Plexxxure
Orion
Tegel
Metro Glass
Mostly useless companies in conjunction with a few equally useless brokers and promoters (Forsyth Barr deserves special mention) who are very good at hoodwinking the investing public - seem to list on NZX.
Be careful out there, folks.
The NZX as is where is - not an entity dedicated to protecting and safeguarding the interests of shareholders and investing public. Just a pure unadulterated profit and greed driven organisation devoid of ideas and direction.
Cases in point:
NBR headlines about NZX showing how useless NZX really is :
1. NZX dairy company, Keytone chooses ASX for listing (legacy of wunderkid Weldon and his sleeping board of directors who priced NZX fees out of the stratosphere for the miserable services it provides)
2. NZX wooing Paul Hyslop's Zoono group to list on NZX (refer Paul's past activities with Wislon Neill and with Fletcher Paper shares - http://www.nzherald.co.nz/business/n...bjectid=161850)
3. ExCEO Tim Bennett tipped for role with Kazakhstan (ironical, isn't it? He was promised multi-growth options bequeath by wunderkid Weldon and Chairman Harmos and found a pile of dog poo instead at NZX!)
If it is not so sad for NZ and NZX, NZX would actually be so funny as one huge comedy show!
http://www.nzherald.co.nz/business/n...ectid=12032112
All valid points from Brian Gaynor but credibility wise, it's all crocodile tears from him and his kind who supported the 'fee-grab-less-services' and 'highway or my way' strategy of Weldon and his sleeping board plundering the NZX of a future.
"Can the NZX survive as a standalone entity while other small stock exchanges are being bought up by large global companies?"
"But one of the NZX's major problems is its two-market structure. The largest market, in dollar terms, is where brokers facilitate trades off-market without offering these deals to on-market participants."
Rich for Gaynor now to talk about NZX being taken over when he was so effusive of Weldon 'successfully' fending off an ASX takeover. Turned out that would have been the best thing to happen to NZX and NZ Inc.
Two market structure? Nothing new there as NZX operated on the basis of one rule for itself and the big boys, and another rule for other market participants.
NZX could have been so much more but day by month, is becoming lesser and lesser even though it is already a miserable little exchange compared to ASX and other exchanges in Asia.
more grim news ... comvita , fbu potentially on the T/O radar maybe
Seem NZX main board has a problem with NTL,showing the price as .016.My ASB price is at .015 with 347382 shares sold.Anyone noticed any other errors?