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The market taskforce should pay attention. Especially after ASIC is to remove the regulation function away from the ASX.

 

The NZX are trying to make cap. raisings even easier after several this year have left holders totally shafted.

 

 

http://www.smh.com.au/business/tighter-rul...91004-ghv2.html

 

 

Tighter rules on capital raisings

 

 

ERIC JOHNSTON

October 5, 2009 THE Australian Securities Exchange is considering tightening rules on capital raisings after investors have exploited a loophole during heavily discounted rights issues that often delivers them windfall gains at the expense of long-term shareholders.

 

The ASX is undertaking a broader review of procedures surrounding capital raisings. Australian companies tapped shareholders for a record $90 billion in the last financial year.

 

The money raised has allowed companies to bolster their balance sheets during a time of economic turmoil, but there are concerns that the structure of many of the raisings have benefited large institutional shareholders at the expense of smaller retail investors. The latter have had their shareholdings diluted, and in some cases have been shut out of new placements.

 

''Boards must realise the importance of retail shareholders ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¦ it is the right way to go to ensure there is adequate protection for the retail shareholders,'' said the chairman of the ASX, David Gonski.

 

 

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Does anyone know how you get to do a short sale on the NZX? My broker says its not allowed.

 

Fancy not being able to see what the short position is in a stock you might want to buy in to. No wonder Kiwi's are so gun shy of the stockmarket when it is rigged so heavily.

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Well for all the secrecy surrounding short sales on the NZX it looks like they themselves are being short sold and they don't know by who. Down nearly thirty percent in a few months.

 

For my money, it'll be something associated with the previous CEO.

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The now previously previous CEO was handpicked don't forget and then anointed by John Key.

 

It's like how can you take a tax cut out of something and not call it a tax? Or how can you nationalize private property but still call yourself a business friendly free market economy?

 

My guess would be to take an equity stake in a heavily shorted stock then draw dividends. Does it matter if its the government doing what everyone else is doing?

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Much ado about nothing.

 

Every article I read about the NZX tells me about the dearth of new listings and the loss of so many to foreign buyouts and mergers.

 

Why does nobody ever mention the pipeline of new companies waiting to come to market that are under the NZVIFs incubation?

 

Guess that discussion wouldn't be the right headline.

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Much ado about nothing.

 

Every article I read about the NZX tells me about the dearth of new listings and the loss of so many to foreign buyouts and mergers.

 

Why does nobody ever mention the pipeline of new companies waiting to come to market that are under the NZVIFs incubation?

 

Guess that discussion wouldn't be the right headline.

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