AIR - Air NZ.

[ordop]

You would hope that the Govt as >50% holder of AIR would make AIR held to a higher level than My Food Bag or BurgerFuel.

[Balance]

or BurgerFuel - "would you like shares with that"
that was despicable

Have a look at BurgerFuel chart - it traded well above IPO price (as high as $2.75) for a while so investors made money.

Not so with MFB.

[rayonline]

I think you need to put on your enthusiastic newby hat. Look at it that way. One AIR share was priced at $1.50 - give or take some.

They now offer you the right to buy for each AIR share you hold 2 additional new shiny shares (equally valued to the old shares) for only 53 cents each, i.e. if you buy now one AIR share you get for the price (one AIR share plus $1.06) three shares which would have been last week still worth $4.50!

Pay (at current AIR prices) $1.25 plus 2 times 53 cents i.e. $2.31 and get $4.50 (at last weeks prices) worth of shares ... if you use the Shareclarity DCF value, you even get three shares worth $1.79 each - What a bargain!

Just for clarification ... I don't recommend to do that, but I could imagine that this might be the motivation for the people still queueing up at the buy queue. Why else would anybody want to buy these shares?

Discl: don't hold and don't have a long enough barge pole to buy at any price ...

That was what I thought as well. ASB Depth info showed 1.3M buys vs 666k sells. The special offer of 53c runs for 4 weeks. Whilst the price now is about $1.25NZ I wonder how much this would fall until the end April ..... People could exercise their rights anytime until then. It's not like one could buy today at 53c special offer and sell today at $1.25NZ hahah.

[peat]

Govt support of this co makes punters bold (and stupid)

[stoploss]

Govt support of this co makes punters bold (and stupid)

They have been reasonably explicit they won't take their shareholding over 51 % ....

[Balance]

They have been reasonably explicit they won't take their shareholding over 51 % ....

Labour government in action so anything goes - especially broken promises & undertakings.

[Waltzing]

They are piling in.....its a sure bet...

[Muse]

Have a look at BurgerFuel chart - it traded well above IPO price (as high as $2.75) for a while so investors made money.

Not so with MFB.

I was commenting on the appropriateness and integrity of how the marketing was directed.

But I don't know what chart you are looking at. Burgerfuel's IPO price was $1.00 back in 2007. It's share price went nowhere but down for years and only got back to its listing price in 2012. I see it got up to 3.5 in 2014 after some news about subway and milford investing but has tanked since then. chart looks like a near perfect parabola.

trading at 33 cents.

another shocker with aggressive marketing towards retail investors was Moa.

[Balance]

I was commenting on the appropriateness and integrity of how the marketing was directed.

But I don't know what chart you are looking at. Burgerfuel's IPO price was $1.00 back in 2007. It's share price went nowhere but down for years and only got back to its listing price in 2012. I see it got up to 3.5 in 2014 after some news about subway and milford investing but has tanked since then. chart looks like a near perfect parabola.

trading at 33 cents.

another shocker with aggressive marketing towards retail investors was Moa.

250% return on BurgerFuel over 7 years is damn good imo!

My point is that investors in BurgerFuel had the opportunity to make serious money & exit - not so with MFB or Moa.

How long do most people hold shares they buy is obviously also a pertinent point.

[Waltzing]

Sp holding up over 9 million traded.. they love this stock.