Blocky applied for $50k worth of extras, its a gamble of course but as I said earlier, worst thing that could happen is you own a few more shares in a fairly good company
Blocky applied for $50k worth of extras, its a gamble of course but as I said earlier, worst thing that could happen is you own a few more shares in a fairly good company
I wionder what the ratio of uptake it... I applied for 30% extra to my allocation. Super enthusiastic for this company. I want them to be in the NZ business sphere for long term and believe in their ability.
Another cap raising almost done and dusted. Put the begging bowl out and got another $60m odd to grow the business.
Since giving guidance of npat of $65m to $68m for F18 they have raised about $210m of extra funds but guidance has remained unchanged ...whose kidding who or are the new funds sitting idle
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
I reckon they'll be getting some serious traction on both sides of the Tasman with their reverse home equity loans. I love those loans with their high margins and very, very low risk...FAR FAR safer than lending money through Harmoney unsecured and no deposit
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Agree. Looks like the perfect storm for reverse mortgages is coming/here with all these asset rich(house), income middling older folks.
Applied for my allocation and no more. Just not enough in it for me risk/ reward wise .
Agree. Looks like the perfect storm for reverse mortgages is coming/here with all these asset rich(house), income middling older folks.
Applied for my allocation and no more. Just not enough in it for me risk/ reward wise .
08/12/16 $1.52
08/12/17 $2.00
Increase of 31.5% Not including dividends.
As a layman I can handle those sort of risks.. The reward has been more than adequate..
Disc. Hold.
Last edited by janner; 09-12-2017 at 08:17 PM.
Reason: clarity
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