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  1. #17261
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    Quote Originally Posted by Entrep View Post
    What's another $3 million risk-free profit between friends.
    At the expense of existing retail shareholders.

  2. #17262
    Senior Member
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    Final price at market close today is $1.10 which is somewhat disappointing. Perhaps indicative of a lack of trust, and that post settlement outcomes are anticipated to be less rosy than predicted?

    A bit of water to flow under the bridge before Challenger is safely acquired and the transaction events intended are finalised, so we can wait and see what the market thinks during the rest of the month and early in May.

  3. #17263
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    Quote Originally Posted by ronaldson View Post
    Final price at market close today is $1.10 which is somewhat disappointing. Perhaps indicative of a lack of trust, and that post settlement outcomes are anticipated to be less rosy than predicted?

    A bit of water to flow under the bridge before Challenger is safely acquired and the transaction events intended are finalised, so we can wait and see what the market thinks during the rest of the month and early in May.
    Well one has to question how many buyers there are at present considering institutional investors just bought plenty, and existing retail investors will be buying at $1.00 through the placement.

  4. #17264
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    Did someone say this was a Two Buck share a while back ?

    The Board seem to have an uncanny knack of putting their foot in any meaningful
    term upwards in the SP towards where many self respecting banks are usually priced

  5. #17265
    ShareTrader Legend bull....'s Avatar
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    auckland, , New Zealand.
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    Quote Originally Posted by nztx View Post
    Did someone say this was a Two Buck share a while back ?

    The Board seem to have an uncanny knack of putting their foot in any meaningful
    term upwards in the SP towards where many self respecting banks are usually priced
    hasnt been that great of an investment for cap gain , was good as a income stock but that appears to have dis-appeared as well now unless challenger turns into a roaring success. but that will take time. in the mean time the cut in div payout to under 50% of npat implies this may not be a income stock again for a while.
    one step ahead of the herd

  6. #17266
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    Quote Originally Posted by bull.... View Post
    hasnt been that great of an investment for cap gain , was good as a income stock but that appears to have dis-appeared as well now unless challenger turns into a roaring success. but that will take time. in the mean time the cut in div payout to under 50% of npat implies this may not be a income stock again for a while.
    Putting on my cynical hat as I seem to do these days, A reverse pyramid investment. The institutional placement had already eroded our investment but, if past results have shown, we are being asked to add yet more capital for the possibility/probability to expand our capital losses, and to get a reduced dividend. I must learn a new mantra:Australia will be different for this NZ company.
    Last edited by Bjauck; 10-04-2024 at 10:38 AM.

  7. #17267
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    Jun 2019
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    Sell side building… be interesting to see where it gets to?..

  8. #17268
    percy
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    Quote Originally Posted by Ricky-bobby View Post
    Sell side building… be interesting to see where it gets to?..
    Buyers
    Buy Quantity
    Prices
    4 113,262 $1.100
    6 19,731 $1.090
    12 16,088 $1.080
    7 32,161 $1.070
    5 100,932 $1.060
    14 255,384 $1.050
    2 7,020 $1.040
    3 12,050 $1.020
    5 13,222 $1.010
    12 222,110 $1.000
    70 791,960
    Prices
    Sell Quantity
    Sellers
    $1.110 59,627 7
    $1.120 25,000 1
    $1.130 40,014 3
    $1.140 32,427 3
    $1.150 70,000 3
    $1.160 15,000 1
    $1.190 850 1
    $1.200 58,908 2
    $1.210 826 1
    $1.220 91 1
    302,743 23

  9. #17269
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    Dec 2001
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    Sellers possibly selling to cash up to buy into the rights. ie sell @$1.10/buy back at $1.00 = 10% bonus on existing holding
    SCOTTY

  10. #17270
    Guru Rawz's Avatar
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    Quote Originally Posted by SCOTTY View Post
    Sellers possibly selling to cash up to buy into the rights. ie sell @$1.10/buy back at $1.00 = 10% bonus on existing holding
    also possibly some sellers will take up their rights and then instantly sell to make 10% quick gain.

    so selling pressure around for awhile is how i see it.

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