HGH - Heartland Group Holdings

[Deej5]

The latter I HOPE.

[noodles]

The latter I HOPE.

I got a call from my broker asking me if I wanted any shares. So likely to be the selldown.

[percy]

It is a sell down of the Quadrant shares

Again????.lol.
Well last time it was just pass the parcel.!

[Xerof]

Nah, George Kerr has been appointed Chairman, hence the sell down offer

[percy]

Nah, George Kerr has been appointed Chairman, hence the sell down offer

Now you have me really worried, as all your posts on George Kerr have been right!!!!!!!!!! lol.

[Harvey Specter]

I got a call from my broker asking me if I wanted any shares. So likely to be the selldown.

What price?

[777]

Well noodles was right.

Heartland New Zealand Limited ("Heartland") (NZX: HNZ) advises that it has
been informed by First NZ Capital Securities Limited ("FNZC"), acting on
behalf of Quadrant Private Equity Pty Limited ("Quadrant"), that Quadrant is
proposing to undertake a block trade in respect of the approximately 9% of
Heartland ordinary shares held by funds managed by Quadrant. Quadrant and
FNZC requested Heartland seek a trading halt until the block trade was
complete.

[Onion]

Well noodles was right.

Heartland New Zealand Limited ("Heartland") (NZX: HNZ) advises that it has
been informed by First NZ Capital Securities Limited ("FNZC"), acting on
behalf of Quadrant Private Equity Pty Limited ("Quadrant"), that Quadrant is
proposing to undertake a block trade in respect of the approximately 9% of
Heartland ordinary shares held by funds managed by Quadrant. Quadrant and
FNZC requested Heartland seek a trading halt until the block trade was
complete.

What do the smart people on here think this will do to the SP?

I've got an order in the system but if the SP is likely to drop I'll step back and wait for things to settle.

[ETC]

Who will it be?

I'm hoping one of the big four takes a slice. It could be very beneficial to HNZ if say Westpac had a strategic interest and funnelled business their way, similar to how ANZ uses UDC.

[stoploss]

What do the smart people on here think this will do to the SP?

I've got an order in the system but if the SP is likely to drop I'll step back and wait for things to settle.

IMO, it depends who the buyer is .If it was say one entity and they would likely want to buy more could be a big positive. If this gets spread around everywhere , probably short term negative . Say they get these away around 1.20 , some of the punters may be tempted to take some short term profits .... So if you keen on the stock maybe shave your order by 50 % and place 50 % lower to try and average in .