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Thread: speirs group

  1. #1
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    Default speirs group

    It would appear to me that it will be a for gone conclusion that Speirs lists on the Unlisted market.
    The Speirs board have come out in favour of delisting from the NZAX so Unlisted here we come.
    I am still trying to think of any benefits for the ordinary shareholder with this move,however I pray that they are substantial.(a lot of prayers needed me thinks).
    .
    I recall many years ago reading an article in the Herald by Brian Gaynor,when Cynotec delisted.If I recall correctly Gaynor labelled it as a disaster for ordinary shareholders.

  2. #2
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    Quote Originally Posted by beetills View Post
    It would appear to me that it will be a for gone conclusion that Speirs lists on the Unlisted market.
    The Speirs board have come out in favour of delisting from the NZAX so Unlisted here we come.
    I am still trying to think of any benefits for the ordinary shareholder with this move,however I pray that they are substantial.(a lot of prayers needed me thinks).
    .
    I recall many years ago reading an article in the Herald by Brian Gaynor,when Cynotec delisted.If I recall correctly Gaynor labelled it as a disaster for ordinary shareholders.
    One benefit might not be having to pay large listing fees and possibly less compliance fees.
    Obviously pros and cons with both , but some may see this as a benefit ......

  3. #3
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    Should shareholders expect aa annual report this year as all their earnings for 30/06/16 occurred when listed on the NZAX.?

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    Annual report out today.Normal blah blah about building shareholder value blah blah.

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    Will there ever be a time when weather or market conditions don't affect SGLs profit?
    Every report is a copy of the previous one.

  6. #6
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    Delay in releasing results as a company that they own 3% of sweet FA is having problems getting their act together due to restructuring.
    How about just a little hint of how your other companies performed.

  7. #7
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    Another disappointing result along with the usual excuses.Methinks it's time they put themselves on the market and let somebody else have a go.

  8. #8
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    Speirs have sold their 40% shareholding in Rosa Foods.
    Now i hope somebody wants to buy them.

  9. #9
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    33% of Speirs operating business has been sold to its General Manager.According to the news release its a win win situation for both parties.
    Lets hope it s a win win for the long suffering shareholders.

  10. #10
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    Another YAWN.

  11. #11
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    Anybody hearing any rumours regarding this co.
    Over the last few weeks i have heard that they intend to expand.
    No mention of it in their latest report out today but i see where 500000 shares were sold in 1 transaction in November.

  12. #12
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    Quote Originally Posted by beetills View Post
    Anybody hearing any rumours regarding this co.
    Over the last few weeks i have heard that they intend to expand.
    No mention of it in their latest report out today but i see where 500000 shares were sold in 1 transaction in November.
    Bought some of these at 7 about a year ago. Had a look at their balance sheet and though at those prices there was little downside. Was intending to go to AGM in 2019 but had another commitment. Might have another go this year. Other than that don't really know much about these.

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