Hmm, well I was wondering what to do with my GNE dividends...will give it further thought before 16 April.
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Hmm, well I was wondering what to do with my GNE dividends...will give it further thought before 16 April.
On weekends (and other times) I return to my socialist roots. All I want is a caring and compassionate world which is fair and equal to all. Sadly corporatocracy and the relentless pursuit of growth and ever increasing profits is not working towards this.
I still have my pile of Heartland shares. As mentioned before I am severely compromised morally and ethically by doing so, and in pushing them to do even better. However an accidental 'capitalist' has to do something with his riches eh. It will probably all end up be given away anyway.
For the sake of this thread I will leave it that. I won't share my experiences of Occupy camps or anti-trade agreement marches but will still share my fundamental insights on Heartland.
However one last thought - if somebody offered you a 12% to 15%pa guaranteed return forever you all as wise people would ask 'what's the catch'
We're all good mate, I'm sure you already know I value your input on here...just thought some of your more left leaning implications merited a fulsome response.
I just thought I'd fill in a boring afternoon with some counter points and musings.
I don't feel conflicted with HNZ. People need banks and its a natural part of the process that there's multiple stakeholders involved, shareholders, depositors, lenders, employees.
The way HNZ operates seems fair and reasonable to me.
If you feel guilty about the side of you that doesn't mind making a profit from your capital, or like many others want an effective way of doing good for the needy and hungry perhaps investing some social capital in this might be a good way to make you feel better and balance the ledger a little. I like the fact that one's donation of kindness is not a hand-out per se, but its a way that your donation is recycled over and over again as previously dependent people get on their feet with their own micro enterprise and pay their loan back. 98% loan repayment rate is pretty impressive for micro enterprise in the developing world, wouldn't you agree !
What about putting a small portion of each HNZ dividend into Microenterprise ?
http://www.tearfund.org.nz/micro-ent...-it-works.html
I didn't read the announcement at first. I was sucked in by reading the posts on this thread. I forgot that those who love a company only read and take on board what they want. They saw a SSH for one entity and the magical $1.27. Great news that was, overhang gone in one foul swoop and a good price as well. Must be right I assumed.Quote:
Quote Roger - A certain experienced accountant should have been alerted by the term "in specie" but bought anyway thinking the overhang had gone.
Lesson for the week, carefully read and digest the full content and meaning of company notifications
Lesson for the week, check the facts for oneself when apparent igood news is posted here. I was sucked in when I shouldn't been.
Paris to Roubaix race was bloody exciting. Best for years with the strongest guy winning .....and Sixer Southee hit a last ball FOUR to get his team home in the IPL ....and it's started to pour again
So we read the announcement wrong.
We were wrong for approx. 3 hours !!
Yet it just shows the depth of talent here on sharetrader, that the full understanding of "in specie" distribution was picked up.
I therefore think our "social" network is working just fine,delivering us a platform to share information,views and ultimately, to make better informed investment decisions..
Well, HNZ now my largest holding after last weeks opportune ? purchase. Maybe I could get a loan from HNZ to rebalance my portfolio. Would that be "in specie" :)
Only joking...actually sitting on 13% cash in my portfolio and I need to see my portfolio / the market heading north again before Im prepared to consider any more deployment.
I sold some HNZ over the past two weeks to redeploy capital into the ASX (with the NZD being so strong!). Still very happy with HNZ and will be investing further as capital permits :)