My First Share Purchase

[macduffy]

O'Brien's did very well under import licensing restrictions - every rugby player, at least the schoolboys, wore O'Brien's boots in the 50's and 60's!
Rogernomics put paid to that - and a lot of other protected NZ manufacturers.

[stoploss]

Ah, Enzlon. Brought back a few hazy memories. An American, Baron Ralph von Kohorn emigrated to NZ and built the factory with what was said to be a second-hand plant from the USA. I think the company was initially called "von Kohorn of New Zealand "? Like you, percy, I had a few shares, convertible spec prefs, I think, as well as ords. In those days, I was an incorrigible small-time subscriber to many of the floats (IPO's).

Surely German with that name ...
http://www.stuff.co.nz/dominion-post...g-German-baron

[macduffy]

Surely German with that name ...
http://www.stuff.co.nz/dominion-post...g-German-baron

Yes, indeed. The nylon factory plant, at least, was American!

[Soolaimon]

Nelson Sea Products or some name like that in 1965. It was headed by a Sir Peter Phips so I thought my 25 quid was safe. Wrong. On recovering I went into UEB, Farmers Trading, Forest Products, Odlins, Dominion Breweries etc. and have done ok since. Only thing I am cautious about now is "Sir". Remembering Sir Robt Jones, Sir Ron B. and Sir G Douglas et. all.

[macduffy]

Nelson Sea Products or some name like that in 1965. It was headed by a Sir Peter Phips so I thought my 25 quid was safe. Wrong. On recovering I went into UEB, Farmers Trading, Forest Products, Odlins, Dominion Breweries etc. and have done ok since. Only thing I am cautious about now is "Sir". Remembering Sir Robt Jones, Sir Ron B. and Sir G Douglas et. all.

Fair comment, Soolaimon, but at least Sir Peter Phips/Phipps? was a retired admiral - so he knew a bit about boats, if not about catching and selling fish!

[Lease]

My dim memory tell it should be Fletcher Forest at around 2000. Made loss

[Jim]

Bought some Air New Zealand A shares (for New Zealanders only) in the late 80s. Sold it made some coins and bought some AIR NZ B shares. Nearly lost everything when AIR NZ went into financial difficulties

[ratkin]

LOL... You and me both mate.... Although I bought in when they were Corporate Investments Ltd - later changed to Montana and from memory got taken over by Allied Domecq...

Nice profit on that one and not all down hill from there... :-)

same, forgot they were called that. Made it my theme for a while, buying drink companies as were easy to understand. Charlies, Frucor, Lion etc did well out of all of them.

[Jay]

Yes also had Charlies & Montana - think I sold out of Montana just after it changed to Montana or it may have been when it was taken over, in any event, nearly doubled my very modest amount invested.

[Valiant]

Seems like an age but it really isn't, bought a modest amount of SUM back in early 2016 for $4.20. Have been in and out several times since and continue to hold. Have thoroughly enjoyed the learning experiences investing in shares has provided since then.