NZX - NZ Exchange

[Tronald Dump]

Are you suggesting NZX and the FMA should be monitoring what happens to NASDAQ listed stocks and getting access to encrypted messages about them, just because Eric Watson is involved? What exactly does a US listed stock have to do with any NZ regulator or market operator??

[Balance]

"a so-called “pump-and-dump” scheme, according to the search warrant document. The way these scams typically work is that promoters buy a cheap stock, start hyping it to investors with eye-catching claims, then sell their own holdings during the resulting mania, hopefully securing a profit before the stock comes crashing down.

Getting the picture, NZX & FMA?

https://www.nzx.com/announcements/338291

Guess the FMA & NZX are still asleep at the wheels.

[Tronald Dump]

https://www.nzx.com/announcements/338291

Guess the FMA & NZX are still asleep at the wheels.

Companies go bust all the time, in all markets. That's capitalism. The NZX's job is to provide a marketplace where investors with a view on a given company can express that view by buying or selling. The FMA's job is to ensure issuers meet their regulatory requirements. It is not the job of a regulator or market operator to take a view on a company's future prospects, or to prevent companies failing.

[Balance]

Companies go bust all the time, in all markets. That's capitalism. The NZX's job is to provide a marketplace where investors with a view on a given company can express that view by buying or selling. The FMA's job is to ensure issuers meet their regulatory requirements. It is not the job of a regulator or market operator to take a view on a company's future prospects, or to prevent companies failing.

Bravo!

So says a supporter of the failing NZX.

Same sort of attitude which has seen NZX gone backwards while all other exchanges are going forward in leaps and bounds.

[Tronald Dump]

Bravo!

So says a supporter of the failing NZX.

Same sort of attitude which has seen NZX gone backwards while all other exchanges are going forward in leaps and bounds.

Gone backwards? The NZX share price is up 21.5% this year to date. Maybe some informed investors know a bit more than you?

Here's some stats for you:

Number of listed companies on the US stock market in 1996: 8060
Number of listed companies on the US stock market in 2018: 4397

Number of listed companies on the UK stock market in 2006: 2913
Number of listed companies on the UK stock market in 2018: 2483

Number of listed companies on the German stock market in 2007: 761
Number of listed companies on the German stock market in 2018: 465

Number of listed companies on the French stock market in 2000: 1185
Number of listed companies on the French stock market in 2018: 457

So clearly when you say "all other exchanges are going forward in leaps and bounds" you must have forgotten NYSE, LSE, Deutsche Bourse and Euronext. Only around 70% of global market cap. Easy mistake to make I guess.

[Balance]

Gone backwards? The NZX share price is up 21.5% this year to date. Maybe some informed investors know a bit more than you?

Don't even try using selective stats (like Mark 'loser' Weldon used to) on us, TD.

NZX has gone backwards 6.3% in the last 5 years while nearest neighbour ASX has risen 147.94%.

Telling, isn't it that you try using a pathetic YTD number to justify what a pathetic exchange the NZX is.

[Tronald Dump]

Try market cap, my dear NZX backwards for 5 years.

The market cap has risen a lot this year and the share price shows investors are taking a lot more interest in the stock. Who cares what happened 5 years ago? Different management, different strategy. It's about whether this company is going well today and is executing on its growth strategy. Clearly investors like ACC think so, since they recently became a substantial holder.

But you started all this claiming it's somehow the NZX and FMA's fault if a company fails and delists, by which measure almost all major stock markets are failing a lot worse. At the end of the day, you don't have to own the stock so why expend so much energy slagging the company off? Just go and find some companies you do like. And do try not to call people 'my dear'. It doesn't reflect well on you.

[Balance]

The market cap has risen a lot this year and the share price shows investors are taking a lot more interest in the stock. Who cares what happened 5 years ago? Different management, different strategy. It's about whether this company is going well today and is executing on its growth strategy. Clearly investors like ACC think so, since they recently became a substantial holder.

But you started all this claiming it's somehow the NZX and FMA's fault if a company fails and delists, by which measure almost all major stock markets are failing a lot worse. At the end of the day, you don't have to own the stock so why expend so much energy slagging the company off? Just go and find some companies you do like. And do try not to call people 'my dear'. It doesn't reflect well on you.

Same type of calibre (low) management, same tired and failed strategy.

NZX today is no different from the NZX under Mark Weldon - only the PR spin has changed as only one thing matters and that is the feather nesting for the directors & executives.

As for NZX putting on a rise, try 46.6% rise on ASX sp YTD if you want a real comparison. Go back a year and what has the NZX sp done?

NZX sp will fall back soon enough when reality hits - the likes of ATM will migrate soon enough just as XRO, Nufarm, Lion etc have over the years to a real market.

And do ask yourself - what has NZX been able to attract and replace XRO and TradeMe with? CannaSouth!

Yes, CannaSouth & a few more backdoor jobs - how more pathetic can that be!

NZX - depository of failures & losers. Be a big joke but for the fact that NZ as a country loses because of these pathetic losers.

[Balance]

There is nothing so pathetic and pitiful than to watch NZ's biggest listed stock, ATM trading 100% to the tune of the ASX.

Notice how nothing basically happens with ATM until the ASX starts trading?

Then, watch the one way flow of ATM stock from NZX to ASX - just as it did with XRO.

And there are some here who actually think that the directors and management of NZX are doing a great job!

[Balance]

http://nzx-prod-s7fsd7f98s.s3-websit...999/305179.pdf

Continuing to delude themselves and they actually think they can hoodwink the market!

"Key financial results:

•Total operating earnings from continuing operations of $14.4 million are 4.3% higher than 2018;

•Net profit after tax of $6.4 million** is 45.8% higher than 2018."

Actually, NPAT is down 7.2% as expenses continue to catch up on the years of the fat cats licking off all the monopolistic cream while mismanaging the exchange and company.

BRING BACK WELDON!