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  1. #521
    Senior Member
    Join Date
    Dec 2001
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    , , New Zealand.
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    765

    Default Ing - ANZ Takeover

    I think its a good thing...
    Gives the trust a cornerstone share holder with some clout.
    Probably allows better decisions to me made by management as
    only Australasian influenence's & mind-sets will be in play.
    Two Tear Marketing ("we will leand you the $$$ if you lease this property)
    One Stop Shop for Bizz operators/starters.
    Maybe a better play into O/Seas markets.
    ...
    Down side
    ANZ could try to bleed the Property Trust for its own interests...
    Allow the Trust to stagnate.
    Dilute the shares overtime (through DRP (no buy backs))
    ....
    Will be interesting....
    I am not saying all of the above will happen, just opening the debate.
    cheers to all
    BB
    Dis... have a large holding... at this time !!!

  2. #522
    Advanced Member
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    Feb 2000
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    Default

    I hold units in several of the LPT's - principally APT and GMT, but with smaller holdings in NAP, KPF, and ING. The sector is in a recovery stage; of the whole, and looking at the charts etc., I believe that ING offers the best prospects at this point and I intend to increase my weighting accordingly. As to whether the ANZ takeover offers any positives, I couldn't really say. They are retaining the present team, but people can move on of course.

  3. #523
    Senior Member
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    Dec 2001
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    , , New Zealand.
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    765

    Default Ing

    I hope ING & ANZ can come out very quickly with
    some sort of assurance to unit holders as to future
    direction. Of course they are bound by the Trust
    Deed, But that can be amended along with the
    management team. Hopefully both will remain intact
    as is. Either way they need to say so, IMO.
    I am wondering what MFL are thinking at this stage ???
    BB

  4. #524
    Member underground's Avatar
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    Jul 2006
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    Lightbulb ing

    Quote Originally Posted by COLIN View Post
    I believe that ING offers the best prospects at this point and I intend to increase my weighting accordingly.
    I also agree, i predicted the upward move back to historical support at 80c..i believe the share price should be at around 90c which gives investors who buy in at that price an 8.3% return on dividends alone which can be pretty attractive if bank deposit rates continue to be dismal.

    as for the recovery in the sector, if property values rise again then NTA will increase and inevitably sp will go up.. i feel like the market has largely been ignoring ing for a while now and only just has come back to it.

    the next sets of financials under ANZ's management will be interesting, things of interest may be change in auditors or any related party transactions..

    Also interesting to note is that ANZ/ ING have reduced there exposure to GMT..which i think is a good sign if they eventually sell out as it shows they are confident with their own LPT's performance.

    and billy im sure in the current environment MFL are just hoping they will still have their jobs

    discl: hold a lot of ING, am in it long-term for the yield.

  5. #525
    Senior Member
    Join Date
    Dec 2001
    Location
    , , New Zealand.
    Posts
    765

    Question Gmt

    What the hells going on here ??
    Bids Ask
    u0 8 100 101 4 u0
    u0 16 99 etc....
    etc....
    I know what the u0 means
    but both ends ???
    Cheers BB

  6. #526
    Legend
    Join Date
    Apr 2008
    Location
    Sth Island. New Zealand.
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    6,428

    Default Trading halt on DNZ

    I see DNZ have suspended trading on their shares through Unlisted until the possibility of listing on theNZX is evaluated. Seems to me that they will list soon. Be interesting to see what they will trade at if they do.

  7. #527
    Member Snapper's Avatar
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    Jun 2002
    Location
    Mt Maunganui New Zealand.
    Posts
    282

    Default

    I suspect DNZ will trade at around their current level 40-45 cents until they get their debt sorted out.

    Disc: Hold DNZ

  8. #528
    Senior Member
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    Dec 2001
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    765

    Default Dnz

    DNZ Asking for expressions of interest, got my letter yesterday
    Hope they put money toward lowering debt.
    Would be a good buy if they do.
    BB

  9. #529
    Legend
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    Default

    Quote Originally Posted by Billy Boy View Post
    DNZ Asking for expressions of interest, got my letter yesterday
    Hope they put money toward lowering debt.
    Would be a good buy if they do.
    BB

    Why would it?
    We don't even know the price.
    Any issue of shares at below the net asett backing will dilute the intrinsic value of the shares you already hold; and they sure as hell will be well below the NTA.
    But you can be assured that funds will be used to reduce debt, because they would be crucified if they list with current debt level.
    I'd prefer to see them stagger on unlisted for a while, even if they reduced dividends for a while to repay debt.
    I doubt that I'd buy anymore in a new issue, although I'll await details. I already own 312,000 and don't see much point in helping to cut my own throat.

  10. #530
    Senior Member
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    Dec 2001
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    , , New Zealand.
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    765

    Default Dnz

    F/Pud
    I agree with your thoughts of going on the unlisted for a while, coz
    in my view, if they were to go straight to the main board they would
    loose SP value fairly quick because of their debt (Around 40%).
    I have indicated that I would be interested in buying a further $50K
    (depending of course), but if they came in too cute then I would wait
    and buy 'on market' as the SP would be that much less.
    When they do go, and I feel they will have too, they must consider
    the other players already on the Board. The old story :- Have this
    much $$$, whats the best I can do with it.
    NAP are getting their dept down (along with the others) and now
    are looking quite good price wise. I dont hold NAP, but they are getting
    there. So NAP or DNZ..... right now ? ....Flip.
    DNZ have great properties in good locations, but OH!! that bloody
    gearing ratio. too big in my view for todays envinorment.
    Still as you say "they will use the money to lower gearing" so lets
    see what the deal might be. I dont envy them (the directors) in their
    quest & I hope like hell they pull it off. Lets see what they come up with.
    Cheers BB
    PS I loaded up on LPT's a ways back with a good cap gain in veiw.
    Now the cap gain is comming in and I dont want to sell coz of the
    cash flow. Geez BB I new that would happen and did'nt listen to myself
    .

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