CBL Insurance IPO

[Joshuatree]

What's an absolute disaster! I nearly bought this but never pulled the trigger. From what I could tell it seemed to be a story of a well run and conservative NZ company. Well I dodged that bullet. I'm surprised at the number of companies who have failed lately on the NZX. Well here's hoping BIG on the ASX dosnt have the same fate as I did recently but a parcel. Real bumma

I bought a few BIG as well , heres hoping. Ive read there was no shorting on CBL so everyone holding has been caught out unfort.

[Leftfield]

I bought a few BIG as well , heres hoping. Ive read there was no shorting on CBL so everyone holding has been caught out unfort.

Sorry to hear the CBL news. This had been on my 'watch-list' but never held (same with BIG and my gutometer warns me that all is not right with BIG.)

Take care out here and good luck to holders.

[Ggcc]

Sad to hear for peoples loss on here. I went through it with Wynyard and it always sits in the back of your mind nowadays whether you make the appropriate choice when investing

[RupertBear]

Sad to hear for peoples loss on here. I went through it with Wynyard and it always sits in the back of your mind nowadays whether you make the appropriate choice when investing

Yep I went through it with Wynyard too so I feel for you guys caught holding CBL. It sux big time.

[winner69]

You guys enthusiasm for CBL piqued my interestv....mybe CBL is different from most insurance type companies.

Investment in insurors never really been my thing .... make money on the premiums sitting on the bank and hope you come out ahead on one's claims experience. And then accounts are basically a guess anyway (acturial assumptions and all that) so always hard to understand what the real picture is.

But I pressed on but after trying to uderstand this document CBL is not for me
https://stocknessmonster.com/announc...bl.nzx-311362/

I take it you guys have a decent feel for how things work ....good on you.

Obviously that presentation bamboozled a few smart fund managers with science because some topped up after this presentation in December

[minimoke]

Obviously that presentation bamboozled a few smart fund managers with science because some topped up after this presentation in December

I dont know what they are saying but it looks like they know what they are talking about. Now what time was morning tea?

[Lola]

I haven't followed this one closely, but there is clearly a lot more going on here than has been made public. I note this - http://www.bbc.com/news/business-43164788 - happened on the same day. Does anyone who knows CBL well know if there is any connection between the two firms?

Don’t believe so.
At least no mention of that company and writing business in China in the 60 page 2016 Offer Document
But this is such a Birds Nest who would really know?

[Balance]

https://www.nzx.com/announcements/299449

Guess there will be a few really pissed institutions who participated in the directors' $60m sell down less than a year ago?

https://www.nzx.com/announcements/290012

Then, there's those who participated in the $60m placement to strengthen the company's balance sheet etc etc in September 2016.

Appetite for CBL obviously was very very very good!

[trader_jackson]

http://www.nzherald.co.nz/business/n...ectid=12001665

Another day, another headline with CBL in it
for all the wrong reasons

[Brain]

Directors and management selling shares to increase liquidity for the benefit of all shareholders is such a noble thing to do. Shareholders should be so grateful for such a generous gesture from the likes of Harris Hutchinson and all.