NZX - NZ Exchange

[Balance]

http://www.nzherald.co.nz/business/n...ectid=12009742

agree with gaynor about nz poor governance , but he did fail to mention that fund managers are the one that can apply the most pressure to boards on this matter

Haha - notice how Brian did not mention NZX itself as well at all?

NZX was a most dysfunctional company (and by consequence, the whole stock market) under a sleeping board with vested interests who allowed Weldon to pluck the NZX clean of future growth and opportunity.

Everything that Brian criticised in the article, from poor governance to destruction of internal talents, happened with the NZX. And Milford along with quite a few fund managers, and Forsyth Barr and GPG, were big shareholders. So what happened under their watch?

What happened was that the big shareholders like Milford were in full support of a regime where the NZX could do no wrong (as long as the sp was going up) - even as market participants were being milked dry by:

1. excessive monopoly charges,

2. poor service,

3. questionable and selective application of NZX rules & regulations (never seems to apply to NZX itself),

4. NZX management ranks and experience were decimated by gross mismanagement (Weldon's 'my way or the highway'),

5. little investment back into the industry even while the NZX profiteered through ever higher charges.

WELL, THE CHICKEN HAS RETURNED TO THE ROOST WITH LITTLE OR NO FEATHERS!

https://milfordasset.com/insights/we...e-wrong-target

https://milfordasset.com/insights/it...o-higher-level

We all know it took the revelations of Clear Grain and Media Works to shut off the self-justification rants of the likes of Brian defending Weldon and NZX.

Really really rich criticism of NZ market now coming from Brian but then, Milford has sold out of NZX so it's ok to write such articles as the one today?

Funny but never saw Brian Gaynor criticising Weldon once during Weldon's gross mismanagement of the NZX before he resigned.

[Balance]

[QUOTE=Balance;707426]

5. little investment back into the industry even while the NZX profiteered through ever higher charges.

/QUOTE]

Prime example of above point:

https://www.asx.com.au/asxpdf/201308...mkwp62s5n4.pdf

https://www.nzx.com/announcements/239962

ASX provides (FREE) all announcements and attachments going back as far as can be - to assist all investors, big or small, to obtain information to make investment decisions.

NZX will only provide attachments for last 6 months, after which you have to pay!

And this NZX says it is changing its way (big hoopla about strategy reset etc etc etc in Nov 2017) to encourage more market participation !!!!!!

[bull....]

article in nbr saying another ipo is by passing the nzx ,, gee wiz no luv lost for the nzx

[Balance]

article in nbr saying another ipo is by passing the nzx ,, gee wiz no luv lost for the nzx

NZX reminds one of an old hag peddling her well-past-used-by wares on the street corner but still thinking that she is one hot chick!

[see weed]

NZX reminds one of an old hag peddling her well-past-used-by wares on the street corner but still thinking that she is one hot chick!

Love it. LOL

[Balance]

Love it. LOL

Only the likes of Wynyard, Metro Glass, CBL and the backdoor boys would 'list' with the old hag.

[bull....]

the old hag does get lucky now and then and gets one with a bit more life

[Sideshow Bob]

Another by-passing NZX:

http://www.scoop.co.nz/stories/BU180...ist-on-asx.htm

[Balance]

Another by-passing NZX:

http://www.scoop.co.nz/stories/BU180...ist-on-asx.htm

NZX - fit only for backdoor jobs which NZX wholesomely embrace despite clear evidence that it brings the NZX into disrepute. You have to wonder why the NZX persists and the answer points to the old hag being desperate enough to perform any trick to obtain every coin thrown its way.

Pathetic and shameless.

[Balance]

NZX - fit only for backdoor jobs which NZX wholesomely embrace despite clear evidence that it brings the NZX into disrepute. You have to wonder why the NZX persists and the answer points to the old hag being desperate enough to perform any trick to obtain every coin thrown its way.

Pathetic and shameless.

http://www.sharechat.co.nz/article/a...e-listing.html

Yet another disastrous listing (Energy Mad) a few years ago will now be given a backdoor entry for yet another opportunity for investors to lose out big.

Roll up .... roll up! NZX is showing it haggard wares!

Energy Mad, Mad Butcher and soon, NZX Madder?