Rather telling, isn't it?
Printable View
Could some one wallk me through the implications of a NZ domiciled company having 100% off its assets in a company in the USA which has a IPO.if indeed this is the pathway forward for Rubicon?
JP Morgan announcement this morning show they have now sold all their RBC holding, which was substantial. This may take a bit of selling pressure of RBC
Two matters:
JPM held the shares under a Prime Broker Agreement, NOT in their own right.
However, it allows these parasites to 'play' the market with their algo's/robotic trades to their hearts content, shorting if they deem appropriate, or simply churn the stocks for minimal gains, until such time as the real owner quits them. At that point they must have all the stock to give back, which can sometimes create a magnificent short squeeze. I have witnessed a couple of those - DIL was one
IMHO the TA chart shows a classic start of an uptrend. Large volumes exiting/buying removing the 'overhang' well explained other posters on this site, and more recently a 'golden cross' as the short term MA moves up through the long term MA.
For the SP to rise markedly from this point the market will need favourable news from the company following it's recent restructuring and climb into profit. Will this happen? Time will tell..
Attachment 9416
Disc - DYOR I'm biased, and holding.
Appears Labour are pulling back on 1 billion trees over 10 years.....(only 270,000 per day!) ....they have just realised cutting out foreign investors in this area will have huge effect.
https://www.stuff.co.nz/business/bet...eplanting-plan
http://www.nzherald.co.nz/nz/news/ar...ectid=12000666
$180m towards trees, aiming for 55m trees this year (of a total of 1b to be planted)
Have I got this right? Labour promised to plant 1 billion trees. Half of those trees are going to be planted by commercial operators as part of their established planting programme.
So labour are going to actually plant 1/2b trees. Now I have no idea how much it costs to plant a tree. But i'd have thought you wouldn't get any change out of $1 a tree to plant and establish. So half a billion trees = half a billion dollars.
And then a few years in, while busy planting, you have the first prune at what $0.50 a tree. So there another $1/4b
So by my reckoning Labour is looking at planting 120m trees for $180m. Lets call it 1/10th of theri promise
my understanding is its planned along these lines, peaking from 2021 onwards at 110m/year.
2018 55m
2019 70m
2020 90m
2021 110m
The problem with this is that it relies on the Labour govt winning multiple terms, and as pointed out, there will come a point when these will be nearing a harvestable age and additional will be planted. Personally I think its classic labour voting winning pie in the sky tactics, and you're quitecorrect that $180m won't cover much. But happy ( only as a Rubicon holder) that there is at least focus in this area.
Article here regarding Arbogen partnering up with the sOUTH Carolina forestry commision
https://www.businesswire.com/news/ho...ission-Operate
Annual Shareholders' Meeting tomorrow morning .......... is there any way we can watch online?
is anyone heading along?