NZX - NZ Exchange

[Balance]

back to basics is the word , need to after there run the last few years and dismal shareholder returns

https://www.nzx.com/announcements/310461

Some good stuff there but where's the 1 thing NZX will do to maximise shareholders' returns via giving outstanding service to the investing public and market?

I look at the turnover in ATM - A2M on ASX is consistently 3 or 5 times bigger than that in NZ so matter of time before another multi-billion dollar company crosses the ditch.

[bull....]

https://www.nzx.com/announcements/310461

Some good stuff there but where's the 1 thing NZX will do to maximise shareholders' returns via giving outstanding service to the investing public and market?

I look at the turnover in ATM - A2M on ASX is consistently 3 or 5 times bigger than that in NZ so matter of time before another multi-billion dollar company crosses the ditch.

they reckon they are addressing liquidity concerns , daily turnover showing an increase. as gaynor was saying they need to address off market transactions more.

If i was a shareholder i would also be wanting to know when are they going to address the dividend hasnt increased for years , but they have managed to blow millions over the same time

[bull....]

dreadful stock performance since there strategy came out - does no one believe them?

they have tried to be a growth stock and failed now maybe they should try to be an income stock? safe and steady divs ? oh im not holding my breath for div increase they havent managed one for years.

[peat]

dreadful stock performance since there strategy came out - does no one believe them?

they need to show they can do it first.
currently there would appear to be nothing on the way apart from debt listings.

As far as the main board goes

NZX02.JPG

[bullfrog]

Their strategy shows a total lack of imagination and new ideas. This five month “process has resulted in a fundamental reset of NZX...”. Sounds promising, let’s see.

Refocus our core - support current and prospective customers, grow existing revenues.

• Grow opportunities aligned to New Zealand – continue building a vibrant debt market, accelerate dairy derivatives market to scale, explore opportunities to collaborate and grow environmental and energy markets
• Maximise options that will pay off continue growing Smartshares and SuperLife, deliver a financial services platform that empowers the wealth management industry.

Sounds a lot like continuing to grow existing revenues, hardly a fundamental reset of NZX. So much potential, so few ideas, NZX could do so much better.

[bull....]

Their strategy shows a total lack of imagination and new ideas. This five month “process has resulted in a fundamental reset of NZX...”. Sounds promising, let’s see.

Refocus our core - support current and prospective customers, grow existing revenues.

• Grow opportunities aligned to New Zealand – continue building a vibrant debt market, accelerate dairy derivatives market to scale, explore opportunities to collaborate and grow environmental and energy markets
• Maximise options that will pay off continue growing Smartshares and SuperLife, deliver a financial services platform that empowers the wealth management industry.

Sounds a lot like continuing to grow existing revenues, hardly a fundamental reset of NZX. So much potential, so few ideas, NZX could do so much better.

yes agree back to basics , do it well grow revenue from existing assets -- so they need to become a income stock

[Balance]

Their strategy shows a total lack of imagination and new ideas. This five month “process has resulted in a fundamental reset of NZX...”. Sounds promising, let’s see.

Refocus our core - support current and prospective customers, grow existing revenues.
[FONT="]
• Grow opportunities aligned to New Zealand – continue building a vibrant debt market, accelerate dairy derivatives market to scale, explore opportunities to collaborate and grow environmental and energy markets [/FONT]
• Maximise options that will pay off continue growing Smartshares and SuperLife, deliver a financial services platform that empowers the wealth management industry.

Sounds a lot like continuing to grow existing revenues, hardly a fundamental reset of NZX. So much potential, so few ideas, NZX could do so much better.

Indeed, there is not one single inspirational action point which arose from the 'comprehensive' review.

Sad for NZX but even sadder for NZ as NZ needs and deserves a robust, thriving and growing capital market.

Blame? The useless board headed by Andrew Harmos - they were busy praising each other and the one dimensional CEO Weldon even while he gutted the NZX of its management depth and future by abusing its monopoly position, charging for every conceivable thing and reducing services to investors.

Took the debacles at Clear Grain and Media Works to reveal for all.

The review should have concluded : "Reverse everything which undermined the NZX that board and Weldon did - start again".

[Balance]

https://www.nzx.com/announcements/311488

This is the nonsense which is the NZX continuous disclosure and monitoring regime:

Veritas (in itself a disaster and already sanctioned once by the NZMDT & fined a total of $64,000) held its AGM at 10 am, issued a profit downgrade at the AGM but did not issue the AGM update and address to the market until the meeting was over.

New CEO should go and hang his head in shame.

[peat]

https://www.nzx.com/announcements/311488

This is the nonsense which is the NZX continuous disclosure and monitoring regime:

Veritas (in itself a disaster and already sanctioned once by the NZMDT & fined a total of $64,000) held its AGM at 10 am, issued a profit downgrade at the AGM but did not issue the AGM update and address to the market until the meeting was over.

New CEO should go and hang his head in shame.

As I mentioned before meetings are not the place to make price sensitive announcements
He created a meeting full of insiders !!

[Balance]

FLI tting the coop

Meanwhile, have a look at ATM - NZX's 4th largest market cap company, and consistently highest turnover on many days.

ATM NZX slavishly now follows the A2M ASX price movement (and volume) with stock being shunted across to ASX.

Matter of time before this company also move to ASX.

The new Board and CEO meanwhile are still running around in circles, looking at the wonderful legacy of plucked feathers left by wunderkid Weldon & Harmos.