Thanks Xerof and Winner69 for the background information of Tomlinson.
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http://www.stuff.co.nz/business/6845...-deposit-rules
Another entrant in the P2P market.
Comments for the market reaction today? The "sudden" reaction from investors not paying enough attention to the recent events & then seeing Quadrant leaving the scene?
Well, that's my guess anyway.
I think post 5058 explains it. Another entrant in the P2P market = more competition. There's really no stopping this new trend and I am sure this will not be the last entrant in this space so IMHO HNZ need to get ahead of the curve and start one themselves rather than pay millions of dollars for what amounts to a very small share of someone else's software.
Often after a share placement you find the share price drifts back to the placement price.
Appears this is what is happening at present.
The big take-outs of the placement were it was done at $1.30, and director Greg Tomlinson, increased his holding by just under $5mil worth,taking the amount he has invested in Heartland to over $60mil..A great vote of confidence in Heartland.
Well, I'm on board this ship with my parcel filled today at $1.30. Hoping for smooth ride along...
I got my first bundle too at $1.30. This is one punt I let the discussions swayed me into joining the fun. Gut-o-meter siding on the feel good factor too so it should be swell.