NZX - NZ Exchange

[Balance]

https://www.stuff.co.nz/business/107...ancial-markets

NZX is a monopoly and almost all unregulated and unchallenged monopolies slide into inefficiencies and price gouging profiteering behavior.

Mark Weldon's reign as CEO is perhaps the best example of how to milk a monopoly with the co-operation and full-support of all the vested interests.

Start from an assessment of what happened then, reverse course and NZX can be saved for the betterment of all concerned.

[Balance]

https://www.stuff.co.nz/business/107...ancial-markets

NZX is a monopoly and almost all unregulated and unchallenged monopolies slide into inefficiencies and price gouging profiteering behavior.

Mark Weldon's reign as CEO is perhaps the best example of how to milk a monopoly with the co-operation and full-support of all the vested interests.

Start from an assessment of what happened then, reverse course and NZX can be saved for the betterment of all concerned.

NZX needs to start by looking after the companies already listed on the exchange. It also needs to start by also looking after NZ investors, especially the retail investors.

As things stand, the NZX sees listed companies and NZ investors as cash cows to be milked with impunity - charging excessively for everything and anything but providing little if any real service.

Look at ATM - should be seen as one of the most OUTSTANDING stories which NZX has but increasingly, ATM is going the same way as Xero - 75% of trades each day is now done on the ASX. Question of time before it also decamps and go over to the ASX.

[bull....]

NZX needs to start by looking after the companies already listed on the exchange. It also needs to start by also looking after NZ investors, especially the retail investors.

As things stand, the NZX sees listed companies and NZ investors as cash cows to be milked with impunity - charging excessively for everything and anything but providing little if any real service.

Look at ATM - should be seen as one of the most OUTSTANDING stories which NZX has but increasingly, ATM is going the same way as Xero - 75% of trades each day is now done on the ASX. Question of time before it also decamps and go over to the ASX.

growing trend of more volume on asx side of dual listed stocks another example being sky city , spark etc , like a2 a huge difference in volumes traded on the asx.

just need to look at the poor volumes going thru between 10am - 12 to realise its the asx that sets the price for many of our stocks now

[Balance]

growing trend of more volume on asx side of dual listed stocks another example being sky city , spark etc , like a2 a huge difference in volumes traded on the asx.

just need to look at the poor volumes going thru between 10am - 12 to realise its the asx that sets the price for many of our stocks now

So it's but one step for ASX to set up shop here - let's hope.

Only an external threat like this will get the NZX to up its game.

Meanwhile, notice the freaking board and management will not even comment on the 11 (yes, eleven) executives and board members who went on the junket to NY?

[bull....]

http://www.scoop.co.nz/stories/BU181...k-strategy.htm

another article.

be interesting when the bull ends everyone running for the exits and no liquidity on market.

[Balance]

http://www.scoop.co.nz/stories/BU181...k-strategy.htm

another article.

be interesting when the bull ends everyone running for the exits and no liquidity on market.

Looks like Swasbrook has enough shareholders support to call a special meeting.

Game on!

Really hope he rolls this absolutely useless bunch of self-vested interested directors and management.

Next step - scheme of arrangement to become part of ASX.

[winner69]

Guilt ridden letter from a worried Chairman

Love it when Chairmans grovel

http://nzx-prod-s7fsd7f98s.s3-websit...817/288012.pdf

[bull....]

nice way of telling anyone whos unhappy to get stuffed lol

http://nzx-prod-s7fsd7f98s.s3-websit...817/288012.pdf

[Balance]

nice way of telling anyone whos unhappy to get stuffed lol

http://nzx-prod-s7fsd7f98s.s3-websit...817/288012.pdf

I think the Board has just delivered more ammo to Swasbrook to fire at them!

Took them a whole day and night (with numerous amendments no doubt) to reply.

Basically a wishy washy PR (written no doubt by some highly paid PR consultants as the language used is all typical platitudes with no concrete substance) confirming that the NZX is yet another old boys' club dedicated to the pursuit of self-gratification (mission statement as set out by Weldon and previous boards) and the spending of monopolistic fee gouging.

Comments by the board akin to exChairman Harmos famous comment about poor old Bennett being given reign by the departing Weldon of a NZX with solid platform and multiple-options for growth! There were much tears shed by Harmos over Weldon's resignation - so great was his contribution, remember?

The real tears were shed by Bennett as he battled several years of gross mismanagement left behind by Weldon and the previous board (refer Clear Grain and Media Works revelations).

The board basically confirmed that yes, 11 members of the NZX (including all board members) went on a junket to NY (all expenses paid) on a 'feel good but achieve nothing' trip. How else can the board explain Dr Strange's presence - he had already announced his desire to retire in August!

Looking forward to the Special Meeting!

[Balance]

nice way of telling anyone whos unhappy to get stuffed lol

http://nzx-prod-s7fsd7f98s.s3-websit...817/288012.pdf

Don't you just love the 'We are working hard, and remain on track to deliver on our clear strategy'?

Most would take the comment to read :

"We are playing hard as you can see by our junket to NY and the number of staff we have, and remain on track to hoodwink you all with our clear as Rotorua mud strategy'. No clarity, no accountability required!