ALF - Allied Farmers Limited

[Crispy]

I am already in.

I ment after the price has gone up, it will be a while before most of the hanover investors realise. Sorry I was not very clear.

[777]

Many Hannover investors have probably never owned a share in their lives and are unsure how to go about selling them.

[Bobcat.]

Many Hannover investors have probably never owned a share in their lives and are unsure how to go about selling them.

God forbid they get nervous and rely a broker for advice. IMHO, they should hold...which also suits me fine (and any other sharetrader holder).

[Silverlight]

Down 11% today, someone sold 1m at the open.

A lot of sellers have come onto the market at giddy heights of 12.5 cents.


Qty Bid
100000 0.109
60000 0.108
10000 0.107
100000 0.106
50000 0.105


Offer Qty
0.115 239178
0.12 136615
0.123 226955
0.124 132784
0.125 339388
0.126 116951

[BRICKS]

Down 11% today, someone sold 1m at the open.

A lot of sellers have come onto the market at giddy heights of 12.5 cents.


Qty Bid
100000 0.109
60000 0.108
10000 0.107
100000 0.106
50000 0.105


Offer Qty
0.115 239178
0.12 136615
0.123 226955
0.124 132784
0.125 339388
0.126 116951

THIS is junk bond material with millions trapped in so when any sort of movement is going to attract moves in zillions there is NO quick money in this JUNK..

[shawsie]

A couple more observations on "mosts"

Most exHanovers do not need the money to cover debt, and have gone through the bereavement process over their former wealth already.

Most exHanover shares will be part of inheritances in the next 20 years, for as long as ALF is solvent

Most exHanover shares will be sold by said inheritors for next to nothing, or be part of the gnarliest receivership disbursement of the century.

[Bobcat.]

Hard to tell if getting into the NZX50 was just wishful thinking on the part of ALF management, or a balls up by NZX!

"Allied Farmers Limited (ALF:NZX) has today received an email from NZX
advising that it has reversed an earlier advice that its shares would be
included in the NZX50 Index.

On Monday of this week the company received an email from NZX advising that
its shares were to be included in the NZX50 and were advised that the market
would be informed shortly. Subsequently that was included in a memo sent out
by NZX to subscribers of the Market Indexation Memorandum Service.

We understand that this memorandum saw a number of institutions acquire
shares in Allied Farmers Limited and the effect of this was to see the share
price rise.

This morning the Company received an email reversing that earlier advice and
a new Market Indexation Memorandum has been sent to subscribers of that
service. This has seen Allied Farmers shares fall by over 10%.

Allied Farmers Limited has requested an explanation of this reversal from
NZX. From our advice and our own modelling we are at a loss to see why Allied
Farmers shares on all known criteria should not be in the index immediately.
By our modelling Allied Farmers Shares would have easily entered the NZX50.

Allied Farmers will keep the market informed on correspondence from the NZX
in relation to this issue. "

[peat]

NZX must have read my post

hard to understand that this is a subjective decision. surely there are fixed criteria and you're either in, or not.

according to the nzx website the NZX50 is defined as :

The NZX 50 comprises the securities of the top 50 companies listed on the NZSX Market by free float market capitalisation. The free float is determined by excluding blocks of shares greater than 20% and blocks between 5% and 20%, which are considered strategic.

[Silverlight]

There are also liquidity threshold requirements that a company must meet to be included, measured by shares traded versus number on issue as a %.

Rubicon fell out of the 50 in 2008 because it failed to meet the liquidity requirements.

[Dr_Who]

YES and YES

...and you wonder why the smart money never invest in managed funds?

Now.. if only I can short ALF.

Market stunned by NZX flip-flop
http://www.nzherald.co.nz/business/n...ectid=10627322