Buyback during DRP price setting period?
Quote:
Originally Posted by
blockhead
What I'm thinking Sideline is the buyer could have been NZO, 2pm and 5pm ?? Makes sure the price is up and also makes sure I don't get too many on the DRP
Is buyback allowed / legal during this week, while the DRP share price is determined?
As buyback can influence the share price (upwards, as there is no "sell-back"), should it be suspended for this week?
What are people's thoghts on this?
Hi all. Whats all the gossip?
After a about a year in hibernation I have decided to rear my ugly head.
hmmmm... whats going on? NZOG cuaght between a rock and a hard place with Pike? No pun intended. It's been aparent for some time that financing Pike appears to be the lesser of 2 evils. Unfortuntately there are a select few that have a vesgted interest in Pike and in my opinion it's to the deterrment of nzo shareholders.
Apart from Kupe and tui which are fundamentally sound investments its hard to see where growth is going to come from. The next couple of years is likely to see more pain and a slow dwindling of cash reserves. Year 2014 might be the turning point perhaps.
On a side note, all the stars (wheres Yogi?) are lining up for a strong bull run this decade not seen since the 80's. Lets hope that nzo will be on the winning side of the ledger.
p.s. sold out of nzo a year ago