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18-10-2013, 09:35 AM
#381
Not sure if the big boys will be that effected. I am sure most of the dodgy places are the small independents that dont have economies of scale.
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18-10-2013, 09:51 AM
#382
Finally....
SUM
18/10/2013 09:44
GENERAL
REL: 0944 HRS Summerset Group Holdings Limited
GENERAL: SUM: Trading Halt
NZX, ASX AND MEDIA RELEASE
18 OCTOBER 2013
TRADING HALT
Summerset Group Holdings Limited has been advised that its major shareholder,
QPE Funds Management ("QPE") is in the process of selling its shareholding.
QPE has requested that Summerset seek a trading halt on the NZX and ASX to
enable the transaction to occur. Summerset has sought and obtained this from
the NZX, and has requested a trading halt on ASX.
Further details will be provided in due course.
ENDS
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18-10-2013, 09:56 AM
#383
Originally Posted by Zaphod
Finally....
SUM
18/10/2013 09:44
GENERAL
REL: 0944 HRS Summerset Group Holdings Limited
GENERAL: SUM: Trading Halt
NZX, ASX AND MEDIA RELEASE
18 OCTOBER 2013
TRADING HALT
Summerset Group Holdings Limited has been advised that its major shareholder,
QPE Funds Management ("QPE") is in the process of selling its shareholding.
QPE has requested that Summerset seek a trading halt on the NZX and ASX to
enable the transaction to occur. Summerset has sought and obtained this from
the NZX, and has requested a trading halt on ASX.
Further details will be provided in due course.
ENDS
I see this as a timely positive, will remove the overhang, possibly allow for a top up opportunity, and probably allow more liquidity on the SNZ market.
Interesting that Quadrant "is in the process of selling its shareholding", not intends to sell or place it's shareholding ?
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18-10-2013, 10:19 AM
#384
There wasn't much of a discount last time. I do hope it drops big so I can buy in but am a bit short on funds at the moment having applied for MEL and my biggest holding DIL not doing to well.
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18-10-2013, 10:27 AM
#385
Craigs offered me some @ a 5 cent discount. Thanks but no thanks.
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18-10-2013, 10:33 AM
#386
Originally Posted by Joshuatree
Craigs offered me some @ a 5 cent discount. Thanks but no thanks.
Is that a 5c discount from the last closing price of $3.14? That isn't much at all!
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18-10-2013, 10:33 AM
#387
Originally Posted by Joshuatree
Craigs offered me some @ a 5 cent discount. Thanks but no thanks.
So $3.10. Its been trading under that for most of the last fortnight.
Having said that, with the overhand removed, we may not see sub $3.10 again.
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18-10-2013, 10:37 AM
#388
Originally Posted by Joshuatree
Craigs offered me some @ a 5 cent discount. Thanks but no thanks.
That's good buy.
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18-10-2013, 10:58 AM
#389
Really! Nah ,id rather wait till FKP unload their big holdings in Metlife, could be more in that. Brokers also charge commision re 3c in this case.
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18-10-2013, 11:27 AM
#390
Tumeric unless you have an account with a full services broker methinks youd seldom if ever get offered an op like this. Craigs are great! Of course you could have two accounts one with a low service low commission dealer ASB, Direct etc for trading and an account with craigs for investing ie no tax.
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