sharetrader
Page 32 of 62 FirstFirst ... 2228293031323334353642 ... LastLast
Results 311 to 320 of 618
  1. #311
    Member Tony Two Gloves's Avatar
    Join Date
    Feb 2011
    Location
    Auckland
    Posts
    301

    Default

    I agree Mini, people are not lining up to purchase at 0.03, there are however plenty of sellers, in fact 1.2M of sellers and only 150,000 of buyers, hard to see this share holding at 0.03 for much longer. ALF at an all time low of 0.011, Geneva has just traded at 0.02 which is also an all time low and NZF is at an all time low. Anyone seen that Finance Company bull of a few years ago??? Interesting reading the comments at the start of the SCF thread from a few years back when words like "Quality" & "Conservative" etc were in abundance, how the mighty have fallen.......
    Last edited by Tony Two Gloves; 29-03-2011 at 02:34 PM.

  2. #312
    Member Tony Two Gloves's Avatar
    Join Date
    Feb 2011
    Location
    Auckland
    Posts
    301

    Default

    It looks like NZF have sold their shareholding in Finance Direct, I think this is a good move as they don't have the expertise in the consumer finance area. The bad news is they would have taken a bath on the price, but it least it will put some badly needed cash back in the bank and they would have learnt a lesson - stick to your knitting !!

  3. #313
    Member
    Join Date
    Jun 2010
    Location
    Auckland
    Posts
    121

    Default

    TTG, where did you get that information from

    Quote Originally Posted by Tony Two Gloves View Post
    It looks like NZF have sold their shareholding in Finance Direct, I think this is a good move as they don't have the expertise in the consumer finance area. The bad news is they would have taken a bath on the price, but it least it will put some badly needed cash back in the bank and they would have learnt a lesson - stick to your knitting !!

  4. #314
    Senior Member
    Join Date
    Jun 2004
    Location
    , , .
    Posts
    1,045

    Default

    Look on the Companies Office site for Finance Direct Ltd.

    Removed Share Allocation
    552410 Shares
    NZF GROUP LIMITED
    88 Broadway, Newmarket, Auckland

    Amended Share Allocation
    Previous:
    236746 Shares
    Tania Kim CROAD
    Wayne Darrin CROAD

    Updated:
    789156 Shares
    Do not consider my postings as investment advice. I am here to share research and to speculate on what might be. The boundary between fact and conjecture might not always be clear - best to treat all comments as speculation.

  5. #315
    Member
    Join Date
    Jun 2010
    Location
    Auckland
    Posts
    121

    Default

    Yes, good move as there is not much scope for small finance companies with all the compliance requirements and costs, I understand FDL are primarily broking these days!

    Quote Originally Posted by Enumerate View Post
    Look on the Companies Office site for Finance Direct Ltd.

    Removed Share Allocation
    552410 Shares
    NZF GROUP LIMITED
    88 Broadway, Newmarket, Auckland

    Amended Share Allocation
    Previous:
    236746 Shares
    Tania Kim CROAD
    Wayne Darrin CROAD

    Updated:
    789156 Shares

  6. #316
    Member Tony Two Gloves's Avatar
    Join Date
    Feb 2011
    Location
    Auckland
    Posts
    301

    Default

    I agree, small Finance Companies using a debenture funding model will find it near impossible to attract retail deposits. That on top of the compliance costs would make it near impossible to be profitable unless you had a significant book or large amount of equity. Finance Direct has neither of these.... I have had Debenture stock with them in the past but would not do so again espically now as they do not have a much larger parent supporting them. Not sure what the plan will be for them in light of funding issues I suspect they will continue to broker loans and wind the book down to the point they can cancel their Prospectus.

    As to where I get my info.......Enumerate is on to it !! and of course a couple of well placed sources
    Last edited by Tony Two Gloves; 31-03-2011 at 01:45 PM.

  7. #317
    Member
    Join Date
    Jun 2010
    Location
    Auckland
    Posts
    121

    Default

    Then you are probably aware that what I have elluded to in the past is coming to fruition1

    Quote Originally Posted by Tony Two Gloves View Post
    I agree, small Finance Companies using a debenture funding model will find it near impossible to attract retail deposits. That on top of the compliance costs would make it near impossible to be profitable unless you had a significant book or large amount of equity. Finance Direct has neither of these.... I have had Debenture stock with them in the past but would not do so again espically now as they do not have a much larger parent supporting them. Not sure what the plan will be for them in light of funding issues I suspect they will continue to broker loans and wind the book down to the point they can cancel their Prospectus.

    As to where I get my info.......Enumerate is on to it !! and of course a couple of well placed sources

  8. #318
    Senior Member
    Join Date
    Jun 2004
    Location
    , , .
    Posts
    1,045

    Default

    http://www.nzx.com/news/4832824/Fish...jich-Kiwisaver

    Huljich exits Kiwisaver ... he could probably buy all of NZF for a fraction of what he is likley to get from this sale.

    Very interesting development.
    Do not consider my postings as investment advice. I am here to share research and to speculate on what might be. The boundary between fact and conjecture might not always be clear - best to treat all comments as speculation.

  9. #319
    Member
    Join Date
    Jun 2010
    Location
    Auckland
    Posts
    121

    Default

    2.9 ¢
    (nzd) 0.1 3.3%

    31/03 13:28 nzt

    2.9 2 2.9 2.9 2.9 2.9 100,000 $2,900

  10. #320
    Senior Member
    Join Date
    Jun 2004
    Location
    , , .
    Posts
    1,045

    Default

    I get the feeling that the Huljich move and the Finance Direct resolution signals some significant changes for NZF.
    Do not consider my postings as investment advice. I am here to share research and to speculate on what might be. The boundary between fact and conjecture might not always be clear - best to treat all comments as speculation.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •