Sounds very much like additional impairments and provisions, no or little dividend and Ross Taylor falling on his sword. Hard to see a capital raise not being required in the short term. No doubt class action lawyers will be at the ready.
Sounds very much like additional impairments and provisions, no or little dividend and Ross Taylor falling on his sword. Hard to see a capital raise not being required in the short term. No doubt class action lawyers will be at the ready.
I've always found it ludicrous that Aussie investors get more information going into a halt than us, even if it's a dual listed company.
I've always found it ludicrous that Aussie investors get more information going into a halt than us, even if it's a dual listed company.
That's due to more relaxed disclosure norms at NZX ...in trying to be easy on companies who pay them listing fees they sacrifice the interests of investors ...thats being penny wise and pound foolish imho
That's due to more relaxed disclosure norms at NZX ...in trying to be easy on companies who pay them listing fees they sacrifice the interests of investors ...thats being penny wise and pound foolish imho
NZX has been on a slippery downward slope for years.
Mark Weldon (with the complicity of its directors and institutional shareholders) killed the goose that laid the golden eggs to feather their own nests at the expense of NZ.
I wrote to the NZX during Mark’s reign of the NZX about the revolving door ‘my way or the Highway’ Weldon’s personnel management style and I was told it was none of my business!
Took the MediaWorks debacle to show everyone just how lousy and useless he was.
Still has the letter via email somewhere in my outbox!
Hard to buy without certainty on a cap raise though....
might get there.
in there announcement they stated analyst forecasts are way to high compared to what they are going to report.
which means share price not reflecting reality ? savage sell-down coming on analysts updating there numbers ?
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Originally Posted by Toddy
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