CBL Insurance IPO

[RGR367]

What happens if you use $0.88 as the SP, or even $0.00?

@0.00? Becoming like unwanted cryto coin, you mean.

[JoeM]

Does anyone know what they are valuing CBL in the FNZ NZ top 50 tracker fund? I note they have put the below comment in.

*Please note due to extended suspension of CBL trading, Smartshares have used an independent valuation of the CBL holding in this fund in accordance with the governing documents of the scheme.

[bull....]

its called smoothing the returns , write off the rest over time

[minimoke]

@0.00? Becoming like unwanted cryto coin, you mean.

I thought it went without saying that had CBL utilised blockchain technology they would not be in the position they are in today.

[stoploss]

Just wondering did CBL provide building insurance in NZ as well ?
Looks like a train wreck in many ways ....this will only compound it if so ..

http://www.nzherald.co.nz/business/n...ectid=12002092

[minimoke]

Just wondering did CBL provide building insurance in NZ as well ?
Looks like a train wreck in many ways ....this will only compound it if so ..

http://www.nzherald.co.nz/business/n...ectid=12002092

This whole industry looks like a trainwreck . In "booming" times Stonewodd, FBU, A1, CBL etc all cant make money. Maybe the only winners are CMO with sales of new Ford Rangers

[blackcap]

This whole industry looks like a trainwreck . In "booming" times Stonewodd, FBU, A1, CBL etc all cant make money. Maybe the only winners are CMO with sales of new Ford Rangers

Haha that last bit gave me a good chuckle. So true though, and that in part reflects the culture that means the above companies not making any money.

[RGR367]

On NBR paywall, FMA probes CBL disclosures. What do you think will happen? .........................nothing! Hopefully not for the sake of you shareholders. I'm not.

[BlackPeter]

Time to honor the CBL board which worked so hard to make shareholder funds disappear over night?

Obviously - we don't know yet whether it was just sheer incompetence or worse, but their silence is deafening.

So - lets start with the chair Sir John Wells KNZM, FCA:

http://www.cblinsurance.com/about-us...ors/#johnwells

Sir John has a background in governance and financial services in both private and public organisations, a career in merchant and investment banking, and extensive experience in sports governance.

He is currently the Chairman of Fisher Funds Management Limited, Sheffield North Island Limited, MartinJenkins & Associates Limited and World Masters Games 2017 Limited, and an advisory board member of Marsh Limited. He recently stepped down from the role of non-executive Chair of Bancorp, a merchant and investment banking group of companies he co-founded in 1987.

Sir John was appointed the inaugural Chairman of SPARC (now known as Sport NZ), a position he held for nine years until 2009. He was a member of the Rugby World Cup Bid Committee which was successful in gaining the hosting rights for the 2011 RWC and subsequently became a Government appointee to the Board of Rugby NZ 2011 Ltd. In 1999, Sir John chaired the National Coordinating Committee responsible for the delivery of New Zealand high performance sport.

Sir John was awarded a Distinguished Companion of The New Zealand Order of Merit (DCNZM) for his services to business and sport in the New Year Honours 2009 and was subsequently invested with a Knighthood. At the 2013 Halberg Awards he was the recipient of the Sport New Zealand Leadership Award. Sir John is Fellow of Chartered Accountants Australia & New Zealand, and Fellow of the Chartered Institute of Secretaries.

Always good to see when deserving New Zealanders get knighted.

Still - I am wondering how the investors and Kiwisavers who joined Fisher Funds feel these days? He is chairing this fund as well. He is as well sitting in the governance of Sheffield North Island Limited, MartinJenkins & Associates Limited and he is an advisory board member of Marsh Limited.

I am sure all these investors will feel safe in the knowledge that a real knight is watching over their investments.

[stoploss]

Time to honor the CBL board which worked so hard to make shareholder funds disappear over night?

Obviously - we don't know yet whether it was just sheer incompetence or worse, but their silence is deafening.

So - lets start with the chair Sir John Wells KNZM, FCA:

http://www.cblinsurance.com/about-us...ors/#johnwells



Always good to see when deserving New Zealanders get knighted.

Still - I am wondering how the investors and Kiwisavers who joined Fisher Funds feel these days? He is chairing this fund as well. He is as well sitting in the governance of Sheffield North Island Limited, MartinJenkins & Associates Limited and he is an advisory board member of Marsh Limited.

I am sure all these investors will feel safe in the knowledge that a real knight is watching over their investments.

Most worrying a "background in governance" but according to the RBNZ the reason why they pulled the trigger was they sent 50 Mio offshore when they needed permission ........