NZL - NZ Rural Land Co IPO

[Sideshow Bob]

Rob Campbell has an enviable business record.
Shown skilled leadership at each company he has been chairman.
One of the few people who would have sorted out NZ Health/Hospitals.No politican has ever, or ever will.
Only wish he had kept his political gob shut.

I think the Te Whatu Ora job is too big/too hard........so hence the comments that got him sacked rather than just resign.

Sorry for the thread hijack.....

[percy]

I think the Te Whatu Ora job is too big/too hard........so hence the comments that got him sacked rather than just resign.

Sorry for the thread hijack.....

Most probably right.
So the health/hospital mess continues.

[nztx]

The NZL Interest Expense going forwards is looking like it's going to become a very visible high expense
gobbling up a sizable chunk of cash revenue - with recent Rate rises and added Debt stacked onboard for the Forestry Estate

[nztx]

Oh look - a dual Frankfurter listing


https://www.nzx.com/announcements/407627

New Zealand Rural Land Company (NZL.NZX) has implemented a dual listing on the Frankfurt Exchange - the stock exchange ticker is: 8UK.GR.

NZL implemented this dual listing after requests from potential European Investors.

NZL plans to engage with the market maker - mwb fairtrade Wertpapierhandelsbank AG to provide liquidity during European trading hours. NZL will further update the market on trading and settlement details for Frankfurt in the next few weeks.

The undertaking of this dual listing fits with NZL’s previous market commentary that it is seeking to broaden its international investor base, and a dual listing in Frankfurt is a cost-effective venue to facilitate this.

NZL’s Frankfurt dual listing can be found at: https://www.boerse-frankfurt.de/equi...-zealand-rural
WKN number is: A3CUMC
ISIN number is: NZNZLE0001S2

Will that really help the NZX SP or the local NZL punters, being targeted with rounds of Cap Raises
to bail the ship's Capitains & Navigators out of a tight spot, and possibly further CR's on the horizon to be dealt out to the captive stakeholders as well ?

Hope the Europeans know how to count the number of worms lurking under the lush green grass
and number of needles on the trees in the Forest acquisitions

[Sideshow Bob]

Oh look - a dual Frankfurter listing


https://www.nzx.com/announcements/407627






Will that really help the NZX SP or the local NZL punters, being targeted with rounds of Cap Raises
to bail the ship's Capitains & Navigators out of a tight spot, and possibly further CR's on the horizon to be dealt out to the captive stakeholders as well ?

Hope the Europeans know how to count the number of worms lurking under the lush green grass
and number of needles on the trees in the Forest acquisitions

Well that is a pretty random for the day......although there was an article in the ODT a month ago about NZL interested in courting more Europeans..

[nztx]

Well that is a pretty random for the day......although there was an article in the ODT a month ago about NZL interested in courting more Europeans..

Wonder who is paying for all the Offshore travel & perks over to Europe to inspire these European bods
into throwing a bit the way of an obscure well borrowed up Muddy Boots Empire down-under after it's
lost a bit of traction in the thick muck here. done a few frantic wheelspins for readies to avoid losing some Forest
they signed up for without the readies on hand, & seen SP rapidly deflate around 38% in a short period ?


Does the Chair need a special offshore Business Holiday, after being poked, needled and fired by some of the lesser Bees in the BeeHive, who were supposed to be loyal allies & best buddies and then Little Bee even failed to come to the rescue ?

[Aaron]

Oh look - a dual Frankfurter listing
https://www.nzx.com/announcements/407627

I know nothing about NZL but have never let ignorance stop me. I understand NZL was like a SPAC that said give us your money and we will invest it wisely for you in agriculture.

A Frankfurt listing would put them closer to the European industrial companies that might want (relatively) cheap NZ land to plant forests for carbon credits so they can use the credits to offset their emissions.

Wild speculation on my part but concerning if it has an ounce of truth. More likely to be true, the higher the value of carbon credits get on the global market. How do we check that?

Here is a start
https://www.investopedia.com/terms/c/carbon_credit.asp

New York-based Xpansive CBL or Singapore’s AirCarbon Exchange.

https://www.mynativeforest.com/carbo...SAAEgLetfD_BwE

According to this graph prices have increased roughly 200% over the last 3 years.

Frankfurt might be a smart move for someone willing to sell their mother for a quick buck.

[nztx]

Cap Raise seems to be going well @ a buck a shot plus some warrants thrown in

SP already sagging under the buck @ 0.98 at close 7/3

Will it slide further & what sort of shortfall this time ?

Guess the local Retail love for NZL in retreating markets hasn't improved on the past Cap Raise sentiments
and those $1.20 warrants may be deep under water

Perhaps rights for stakeholders to each name their portion of the magnificent specimens among the new blocks of trees should have been considered as part of the bargain

Will the next attempted Tree Acquisition project (if there is one) include a trip out to hug some tree specimens and certify NZL's anti-slash measures - even if the investors have sustained some degrees
of their investments being promptly slashed into smaller pieces, courtesy of the fundraising process ?

Will ALF be refunding a portion of their Performance fees, if performance goes south ?

How about returning some of those shares issued in Oct 22 @ 1.65 a pop back at the current
market rates to tidy things up ?

(They obviously can't be returned at above the current prevailing market prices now - can they ?)

[nztx]

https://www.nzx.com/announcements/408183

MARKET UPDATE

CAPITAL CHANGE NOTICE

New Zealand Rural Land Company Limited (NZL) has completed the allotment of shares and warrants under the institutional offer component (Institutional Offer) of its accelerated renounceable entitlement offer. A total of $10.486 million was raised.
A capital change notice detailing these allotments was released to the NZX on 9 March 2023.

RETAIL OFFER

The retail offer opened on Monday, 6 March 2023, and is scheduled to close on Wednesday, 15 March 2023 at 5:00pm (NZT). As at 9 March 2023, approximately 14% of the shareholders have taken up their full entitlements and 30% of these shareholders have also applied for additional shares.

DIVIDEND REMINDER

A dividend of 2.03 cents per share for the six-month period ending 31 December 2022 was announced on Wednesday, 1 March 2023 and will be paid today, Friday, 10 March 2023. Holders of the new shares allotted under the institutional offer are not entitled to receive this dividend.

Time for a Ring Round to chase up all the Retail loose change yet ?

Just 86% of Retail hanging in the balance out there with just 3 working days to go ..

Perhaps they forgot or don't want to pass their wallets & purses across for a date with NZL ?


Wonder why ?

NZL $0.980
-$0.020 / -2.00%

[nztx]

https://www.nzx.com/announcements/408185

But wait .. Harbour Asset Management seem to like the smell of Trees and Needles

Could they be harvested for some more loose coin to save NZL's Cap Raising day ?