plastic Posted February 17, 2020 Share Posted February 17, 2020 You know you are living in a Banana Republic when the stock exchange allows a trade for one share worth 0.7c go through on an insolvent or next best thing to company. Witness BGL. Link to comment Share on other sites More sharing options...
plastic Posted March 19, 2020 Share Posted March 19, 2020 Never let a good crisis go to waste. The NZX seizes the moment to abrogate away the property rights and entitlements of ordinary shareholders even more. No Working Group with big noting names and a fancy report in the headlines required for this one. Kind of gives the intent of the NZX away. Why would anyone even invest in shares anymore? Especially on the NZX. Up until Oct 31 we can expect a lot of uptake in the following. After Oct 31, these things will become permanent. https://www.nzx.com/announcements/350268 Under class waivers and rulings granted today by NZX Regulation for NZX issuers, until 31 October 2020: - the placement cap under Listing Rule 4.5.1 will be increased from 15% to 25%; - the cap per registered holder for issues under a Share Purchase Plan will be increased from $15,000 to $50,000 and the total cap from 5% to 30% of equity securities of that class at the time of offer; - certain timing requirements for Rights issues will be shortened, to facilitate easier and quicker pro rata offers. Link to comment Share on other sites More sharing options...
plastic Posted March 27, 2020 Share Posted March 27, 2020 I reckon all that KiwiSaver moolah is going to find its way into some seriously good assets very cheaply. Key did say to watch this space when it came to KiwiSaver. Its just like the Japanese Post Office Savings funds that they have. Link to comment Share on other sites More sharing options...
plastic Posted April 13, 2020 Share Posted April 13, 2020 Illuminating insight shared by Bill English in this article. Unfortunately its paid content. But the basic summation is, the game is up for the markets. They either come to heel or go down the toilet. https://www.nzherald.co.nz/business/news/ar...jectid=12324053 Link to comment Share on other sites More sharing options...
plastic Posted April 20, 2020 Share Posted April 20, 2020 All these recent difficulties with the NZX and their ability to process orders when the end of the day volumes are no different from any other time makes me wonder if some idiot there is deliberately giving the plug a kick in the morning. But only the one which afffects retail traders. Seems all the other broker trades are going through just fine. The following notice is from the ASB site. There was one on the Directbroking site earlier. These have been appearing on an almost daily basis lately. The NZX: A little boys club which has been taken over by the monkeys. Since approximately 11:45 am today, the NZX has been experiencing technical difficulties which are affecting any order placement/amendments/cancellations in reaching the market. We will provide updates via this banner as soon as the NZX provides further information. We apologise for any inconveniencethis may cause. Link to comment Share on other sites More sharing options...
plastic Posted May 13, 2020 Share Posted May 13, 2020 Where is the money coming from for all these cap. raises if they are to put a ban on FDI? Link to comment Share on other sites More sharing options...
plastic Posted May 19, 2020 Share Posted May 19, 2020 It's as if there is a giant AI eye in the sky watching the NZX making sure that all share price movements stay within the parameters of a specially formulated algorithm. But that is just nonsense because we all know it's all about fundamentals. As Buffet has said many times, sooner or later the market must recognise the underlying value of a business. And Soros labelled the intervening period until it does as the period of reflexivity. Even wrote a big book about it. Link to comment Share on other sites More sharing options...
plastic Posted August 21, 2020 Share Posted August 21, 2020 I wonder if the boys in the club are paying any attention. https://www.asx.com.au/asxpdf/20200821/pdf/...rjj4jp6dj31.pdf Link to comment Share on other sites More sharing options...
plastic Posted August 28, 2020 Share Posted August 28, 2020 The Little Boys Club is getting found out and they probably aren't paying attention because they have enough problems of their own. Four days now of some kind of cyber attack and everyone has gone shtum on it. Wouldn't be surprised if they go the way of the dinosaur with their function being put onto a platform like TradeMe or Amazon who have better structure and systems. Link to comment Share on other sites More sharing options...
plastic Posted August 28, 2020 Share Posted August 28, 2020 Just imagine if they got onto Amazon. Anyone anywhere in the world would be able to trade NZ stock if they so desired. No more parasite brokers sitting in the middle charging stupid money for a bit of data entry and exposure to trillions of dollars of foreign investment funds. All those brokers might have to go and get a real job. Civil construction is short of labour at the moment. Link to comment Share on other sites More sharing options...
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