NZX - NZ Exchange

[Lola]

https://www.finnewsnetwork.com.au/ar...ork222367.html

Orion Health, Methven, Trade Me, RBD - so far this year.

And what is NZX doing?

Nothing but NZX directors and management (101 on salaries of over $100k) hang in there with another report on how to revitalize the NZX!

Good riddence to this latest one. But dont loose the faith, NZX are very engrossed in adding up their income from fining their customers for all manner of trivial misdameanours. They need to fund the Fay Richwhite lectures remember. Sooner the FMA steps in and takes over ALL matter regulatory the sooner NZX will start being useful (perhaps).

[bull....]

activist buying more shares , not happy with the s/h assoc now too

https://www.nzherald.co.nz/business/...ectid=12218838

[Balance]

activist buying more shares , not happy with the s/h assoc now too

https://www.nzherald.co.nz/business/...ectid=12218838

Pay some attention to the S/H Association and they will be right as rain on a cold day.

Joke.

[Balance]

https://www.nzx.com/announcements/333025

Just watched part of the NZX AGM.

The most pathetic and uninspiring addresses & presentations from the 'pigs' snouts in the troughs' bunch of directors and executives I have seen in a long time.

The Chairman muttered and stuttered his way through the meeting and went through the same pathetic nonsensical excuses (exciting, platform laid for strong growth etc etc) as the NZX has been articulating for the last 5 years!

Napier Port partial listing is a highlight? Oh wow!

What happened to the tie-up with Nasdaq, Singapore & HK stock exchanges? Were the visits by all the board members and executives the highlight of the year for them?

How about the 101 executives on more than $100k a year?

[Balance]

https://www.stuff.co.nz/business/112...-task#comments

Answer : leave it to the NZX to continue to stuff the NZ stock market up.

Meanwhile, Kiwis are already using the power of the internet to access research, analysis, information and invest in overseas markets.

Seriously, who needs the declining NZX under its current guise - same old tired self-serving faces on the Board and management with the singular purpose of enriching themselves.

No word on the great opportunity with the Nasdaq yet, I see, after the big expensive trip by all the directors and management last year.

[Balance]

https://www.nzherald.co.nz/business/...ectid=12225542

Brian Gaynor : "The NZX is caught in no man's land because activist shareholders want it to reduce costs while the exchange needs to take a more aggressive marketing approach towards new listing. That will require resources and capital with no immediate material payback."

Answer : Bring back McKinsey-bred-wunderkid Weldon, the blue eye CEO who cushioned his retirement nest with the plucked feathers of the goose which was laying golden eggs.

What a wasted and buggered cause NZX is now.

[GTM 3442]

The "X" part of NZX is something which a coding class at the Dargaville Institute of Technology (or similar) should be able to set up as a single-term project.

"Compliance" and regulation is a little more difficult, but a dozen modestly-paid anti-capitalist socialist activists with suitably chipped shoulders should be able to cope pretty d*mn well after a year or so's learning curve.

Both could be folded into the FMA or similar without too much organizational difficulty

Which leaves a small funds management company.

[Balance]

The "X" part of NZX is something which a coding class at the Dargaville Institute of Technology (or similar) should be able to set up as a single-term project.

"Compliance" and regulation is a little more difficult, but a dozen modestly-paid anti-capitalist socialist activists with suitably chipped shoulders should be able to cope pretty d*mn well after a year or so's learning curve.

Both could be folded into the FMA or similar without too much organizational difficulty

Which leaves a small funds management company.

Precisely the point, GTM3442.

NZX survives by virtue of its monopoly status - and proving year by year that it is one hell of an inefficient, ineffective, incompetent and fee gouging monopoly at that.

The harm and damage the useless directors and management are doing to NZ capital markets and in turn, economy are growing day by day as the NZX shows itself incapable of fulfilling one of its most basic roles - promoting IPOs and faciiltating the flow of risk capital into businesses.

[Balance]

http://nzx-prod-s7fsd7f98s.s3-websit...750/298893.pdf

Takes NZX 74 pages to tell a simple story - they are a failure.

Trying to use big words and big numbers to bluff their way through.

Best examples :

Page 9 - $9.5 billion total capital raised in 2018. Real number - ZERO real IPO.

Page 11 - Using NZK to show benefits of listing. That was 2016!

[Jaa]

The "X" part of NZX is something which a coding class at the Dargaville Institute of Technology (or similar) should be able to set up as a single-term project.

"Compliance" and regulation is a little more difficult, but a dozen modestly-paid anti-capitalist socialist activists with suitably chipped shoulders should be able to cope pretty d*mn well after a year or so's learning curve.

Both could be folded into the FMA or similar without too much organizational difficulty

Which leaves a small funds management company.

Interesting, do you think allowing more markets with different models and lower costs would encourage more IPOs?

Punakaikai Fund run a secondary auction by email a few times a year to provide liquidity for their investors, which works well.

Maybe the crowdfunding companies like Snowball Effect could become exchanges?