I have been expecting the NZX Main Board announcement, but it has also been written elsewhere they have been contemplating listing on ASX or another Asian Exchange. http://www.weeklytimesnow.com.au/art...661_dairy.html
They only have $37m of equity and $10m of that relates to goodwill. PE of 89 (all per Google) so a growth prospect?
Would they have a wide enough spread of shareholders to qualify for NZX listing? I'm well out of date with the requirements but would think they would need a sell-down from the majority shareholders first.
capital raising and sell down at 50c. Looks like existing shareholders are being screwed. That is a massive discount. No SPP or rights issue to avoid dilution. This is a pity.
I have no position, but am disappointed for retail investors.
I have recently bought some shares after selling my FPA Shares. At the same time I increased my holdings in DIL & BFW. I would have liked to taken part in SPP because it screws existing shareholders with dilution.
capital raising and sell down at 50c. Looks like existing shareholders are being screwed. That is a massive discount. No SPP or rights issue to avoid dilution. This is a pity.
I have no position, but am disappointed for retail investors.
This is the problem with investing in shares not listed on the main board. There isn't the same protection for small investors. This would never happen if A2 was listed on the NZX already.
SNOOPY
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This is the problem with investing in shares not listed on the main board. There isn't the same protection for small investors. This would never happen if A2 was listed on the NZX already.
You mean how XRO major shareholders sold out and a placement done at $6 when the shareprice was 6.40 with no placement for small shareholders.
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