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  1. #71
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    I thought it was $0.544.....no other method other than add end of day price and divide by 5 (trading days) this gives you I thought the end of day average price

  2. #72
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    Thanks Corlemar, if .544 is the average price then with the 5% discount we'll be getting shares at .526

    Not bad considering some institutions will be paying 75cps

  3. #73
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    Whatever the final price of the SPP is determined at, it is certainly a good deal for small investors when you compare to PGW and PGC that are locked in for $10m each at $0.75c per share. That said, imo we have seen over the past several mths that both PGW and PGC have not made the wisest of decisions....it seems a big merry-go-round (but thats another story).

    Although there is still some uncertainty about HNZ and what it can and will achieve, i personally think it will become a success story in years to come.

  4. #74
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    Quote Originally Posted by corlemar View Post
    Whatever the final price of the SPP is determined at, it is certainly a good deal for small investors when you compare to PGW and PGC that are locked in for $10m each at $0.75c per share. That said, imo we have seen over the past several mths that both PGW and PGC have not made the wisest of decisions....it seems a big merry-go-round (but thats another story).

    Although there is still some uncertainty about HNZ and what it can and will achieve, i personally think it will become a success story in years to come.
    lol, last smile is a beautful smile, wait to see.

  5. #75
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    Default $0.522 per share

    Heartland New Zealand Limited ("Heartland") (NZX: HNZ) is pleased to announce
    the price at which shares will be issued under its Share Purchase Plan
    ("SPP") has been fixed by the board at $0.522 per share.

  6. #76
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    Does anyone know, where or how you can find out what the take up was of the SPP ?

  7. #77
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    Quote Originally Posted by corlemar View Post
    Does anyone know, where or how you can find out what the take up was of the SPP ?
    They will have to announce shortly - most likely tomorrow when the shares are supposed to be allotted.

  8. #78
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    Quote Originally Posted by Lizard View Post
    They will have to announce shortly - most likely tomorrow when the shares are supposed to be allotted.
    Fascinating situation - the biggest disconnect we have seen in recent years with a public listed company between insiders being prepared to take up shares at a huge premium versus market price and SPP price.

    So who is right and what kind of games are being played in the background?

  9. #79
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    Announcement out on NZX

  10. #80
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    A low take-up from existing holders, with only 15% putting in new funds, although probably understandable.

    I thought this was a good entry opportunity for a new holder, and am pretty pleased to end up with a holding at an average entry of 53.5cps while NTA comes in at 83cps. All being well, they will trade at a good premium one day - just can't be too complacent as to the possibility that it occurs through NTA destruction rather than sp growth.

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