NWF - NZ Windfarms

[Well Endowed]

whoa, looks like Vector just sold out, 63m shares (approx $6m), any thoughts on the buyer...?

[blackcap]

whoa, looks like Vector just sold out, 63m shares (approx $6m), any thoughts on the buyer...?

Interesting that they crossed outside market prices.... thought that was not permissible under NZX rules? Ie they would have to sell down to 10 cents and then do the cross....

As to the buyer... very interesting to see who is on board!

[Well Endowed]

Nice 10c, a pretty good price for the buyer (in my view). interesting that Vector would hold as long as they did then bail.. I guess the board shakeup and lack overall influence has impacted the decision to sell out?

[JeremyALD]

Goodness me. That's a massive discount. Why even bother selling out for 6m? A bit strange. Good riddance to Vector anyway, they have done nothing for this company.

[blackcap]

Nice 10c, a pretty good price for the buyer (in my view). interesting that Vector would hold as long as they did then bail.. I guess the board shakeup and lack overall influence has impacted the decision to sell out?

Not sure about Vector's intent here. Could be a bit of pressure on the SP for a while as it said a variety of parties (unknown to Vector) got the shares at 10 cents. Or it could be one or two parties with more hands on involvement. But if its a whole host of ppl some may take the easy 40% and run.

[JeremyALD]

Not sure about Vector's intent here. Could be a bit of pressure on the SP for a while as it said a variety of parties (unknown to Vector) got the shares at 10 cents. Or it could be one or two parties with more hands on involvement. But if its a whole host of ppl some may take the easy 40% and run.

Bloody vector

[black knat]

At least one broker is placing shares with clients.... so looks like it will be a bunch of retail investors.

[blackcap]

At least one broker is placing shares with clients.... so looks like it will be a bunch of retail investors.

Which tends me to believe that that will put pressure on the SP. But it does open up the register if someone is inclined to "go for it".

[Well Endowed]

liquidity has always been a bit of a factor on anyone looking at a serious holding. Nothing worse than pushing it down 20% just to sell out a circa $25k position. Could be good in the long run.

[Dassets]

All sold in minutes