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19-03-2014, 05:08 PM
#2861
No surprises there.
Confirms why I don't like SPPs.
Wasted effort.!
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19-03-2014, 05:12 PM
#2862
It is only wrong if you get caught
Originally Posted by turmeric
Mmmm..... depends PT. My situation requires me to think a bit broader than just the company at hand right now, so when I get my $ back I will make that decision. And U? I can't recall, you asked for the max did you not? Will we see a few 10,000 + volume orders in the coming weeks?
My situation is that HNZ is already on the limit of the self-imposed 15% of my portfolio in any one share. That includes a ridiculous (for the current market state) 23.91% cash so I really need to be spending the cents on other things (but what?)...
...or bending the rules
Best Wishes
Paper Tiger
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19-03-2014, 05:23 PM
#2863
Originally Posted by percy
No surprises there.
Confirms why I don't like SPPs.
Wasted effort.!
A bit of tokenism has probably tarnished their good name percy.
Can you find out when they are going to put up their deposit rates?.....they clearly didn't read the RBNZ announcement last week
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19-03-2014, 05:41 PM
#2864
Junior Member
Originally Posted by belgarion
Everybody should apply for as much as they can ... Thereby sending the message to HNZ management that our pool is just too small!
Maybe this explains it...
Why is there a maximum application amount?
The offer under the SPP needs to comply with the conditions imposed
by New Zealand securities legislation and Listing Rule 7.3.4(c) which caps the
maximum application amount of each Eligible Shareholder at $15,000.
The SPP is being offered to EligibleShareholders under the terms of the
Securities Act (NZX — Share and Unit Purchase Plans) Exemption Notice
2010. That exemption notice also imposes an annual limit of $15,000 on
the total issue price of securities that may be offered to each shareholder.
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19-03-2014, 05:44 PM
#2865
Junior Member
Originally Posted by rocketship
Maybe this explains it...
Why is there a maximum application amount?
The offer under the SPP needs to comply with the conditions imposed
by New Zealand securities legislation and Listing Rule 7.3.4(c) which caps the
maximum application amount of each Eligible Shareholder at $15,000.
The SPP is being offered to EligibleShareholders under the terms of the
Securities Act (NZX — Share and Unit Purchase Plans) Exemption Notice
2010. That exemption notice also imposes an annual limit of $15,000 on
the total issue price of securities that may be offered to each shareholder.
Unsure why they would limit it to a total of $5M though??
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19-03-2014, 06:04 PM
#2866
Originally Posted by Xerof
A bit of tokenism has probably tarnished their good name percy.
Can you find out when they are going to put up their deposit rates?.....they clearly didn't read the RBNZ announcement last week
Yes I think a lot of shareholders will be disappointed, but $5mil was always going to be massively oversubscribed.
My not be able to get "the good oil" on deposit rates.Was looking forward to Heartland's presentation with Macquaries at 5.30 pm on Wednesday 9th April,however it looks as though 20 plus schools in Nelson, may have the pleasure of availing themselves with opportunity of buying my books.
Last edited by percy; 19-03-2014 at 06:14 PM.
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19-03-2014, 06:10 PM
#2867
Originally Posted by turmeric
Not really that much effort though is it? I did it all in 15min without even having to pick up my crutches and get out of bed. Minimal amount in the end but a discount the the current SP so cant complain too much
Was not really thinking of you.Was thinking the paperwork to send to all shareholders,then all the fees Link will charge.Same effort could have raised a decent amount.Say they were looking at $30mil plus, people would have applied for $15,000.I did not bother to apply for any for my wife,and a trust I am involved with did not apply either.I did not break a deposit and only applied for the $2,500 minimum.
The positive I suppose is they only raised the amount needed.
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19-03-2014, 06:28 PM
#2868
Originally Posted by turmeric
Gotchya, my bad I guess one thing that we might hope for is that a bunch of people sold down thinking arbitration was the play, and those people are unlikely to have got the amount they wanted. Therefore a bit of a SP rise tomorrow maybe? Bigger picture though, they (HNZ) now have their capital and all systems go for future growth!!
Most financial companies seen to have vey little organic growth,and growth comes from acqusitions.The Sentinel acquisition will work well for Heartland[plenty of growth].The board will have confidence to look for other acquisitions knowing shareholders are prepared to open their wallets. Rising confidence in NZ ecomony should benefit Heartland [an others] .
Yes I think arbitration was never on.Had the issue been bigger, and they had stated they would accept over subscriptions,then you could have had fun with arbitration.
Last edited by percy; 19-03-2014 at 06:36 PM.
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19-03-2014, 06:45 PM
#2869
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19-03-2014, 07:00 PM
#2870
Originally Posted by Xerof
Yes well...?????????
Think I may have to keep selling books to schools a little longer!!!!! lol.
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