Originally Posted by
Plutus
HNZ are doing DD, but I think its a bit more complex than that. The biggest originators for MTF are now the brokers not the dealers, and MTF's largest originator overall is actually Turners (around 10% I understand). If Heartland or Turners acquire MTF, I could see Dealers and Brokers going elsewhere, so yes you're right, maybe its run its course - so what are they buying, a good ledger and database but with an 18 month average run off ?? And why would shareholders take less than NTA ? Turners will be on the phones flat out accumulating shares as fast as they can.