Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

4 Pages (Click to Jump) V   1 2 3 4 >   
 
  
Reply to this topic

NZX, NEW ZEALAND EXCHANGE LIMITED
plastic
post Posted: Feb 18 2020, 07:33 AM
  Quote Post


Posts: 9,666
Thanks: 287


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.



--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Jan 31 2020, 05:47 AM
  Quote Post


Posts: 9,666
Thanks: 287


Highlighting the poor regulation and governance from the NZX is the no regulation and governance at all if you're in the club which BGL obviously is.
This multi-national complex financial product company decides it needs a platform in NZ despite being the next thing to insolvent! And nobody asks any questions.

One sniff of this and it smells like nothing but straight out shonky. Just look at the people involved and what happened at NZF.

https://www.blackwellglobal.com/about-us/



--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Jan 14 2020, 11:41 AM
  Quote Post


Posts: 9,666
Thanks: 287


Despite the constant doom and gloom when it comes to talking about the NZX the chart would suggest that some people are expecting good things. Up 40% last year and still trending upwards.

It just reinforces the argument of the NZX being a little boys club.




--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Jan 5 2020, 07:35 AM
  Quote Post


Posts: 9,666
Thanks: 287


QUOTE
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.


NZX came out once and said they weren't so worried because they expected some new IPOs to list before the end of 2019. Didn't happen. TRS is still stuck in its insolvent mire and still the NZX ignores it.

The NZX is a farce. There are coffee shops around which are more profitable than many of these NZX companies.





--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Dec 10 2019, 06:51 PM
  Quote Post


Posts: 9,666
Thanks: 287


After reading this really great investigative report I have concluded Key has now entered that realm of self delusion where the aura of self invincibility and being untouchable has touched him so to the point he believes he can polish every terd he touches and nobody will know its a polished terd.

https://thespinoff.co.nz/business/14-11-201...ild-isnt-going/

Herein lies the test for the NZX. Do they have the backbone to say no or are they going to shovel another Feltex onto the unsuspecting public?



--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Dec 10 2019, 09:42 AM
  Quote Post


Posts: 9,666
Thanks: 287


I see Mr. Key has recently become a director or maybe it was Chairman of the education consultantcy Crimson. This was founded by some wunderkind fresh out of high school who teamed up with Key's boy. Businessman extraordinaire and White House resident, Mr. Liddell, was once involved in this business and their plans include a shake up in the education sector on several fronts.
They started with a baptism of fire in the Court room. Have recently been investigated by a US newspaper which found their claims to be without foundation or credible. And today, the NZ Herald is reporting they are again in the Courts trying to suppress information relevant to their business becoming public.
It matters not whether they win or not because the damage is done. Any right thinking individual knows that when their is this much smoke around the place there is probably a fire to be found if one can be bothered to go looking.

If Crimson is looking for a NZX listing and the NZX allows it to, then that tells anyone all you need to know about the NZX being a little boys club because under normal scrutiny this wouldn't pass the smell test for a public company.

Perhaps Key is training Junior up in a pet project and he has had to step in to lend a hand with his networks and influence. Maybe he's trying to make a new generation rat pack by having all the Kiwisaver funds tip their spare cash into it so they can live up large. Who knows exactly? All I know is that when they have to call in someone's Dad to help rescue the situation then its not a good situation and certainly not worthy of an investment dollar of mine.

Key will do better to get out, save face with a wider audience and let the Children of the New Forest learn from failure. Let them, try, try and try again.




--------------------
What did Uncle Mel do to us?
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


plastic
post Posted: Sep 14 2019, 10:08 AM
  Quote Post


Posts: 9,666
Thanks: 287


Article today in the NZ Herald by the commentator Gaynor. He underlines his allegory with data from the recent 2029 market report and some metrics to conclude the NZX is done as it is.

Gee whiz Einstein. No kidding.

So what's the fix?

Well, it's not like he's gonna give the game away when he's in the club and helped contribute to the problem. But the mere fact that the issue is becoming a topic of discussion more and more tells us the big reveal is nigh.



--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Aug 13 2019, 02:38 PM
  Quote Post


Posts: 9,666
Thanks: 287


US hedge funds can't even be bothered with the NZX but they like NZ businesses.

A new ASX listing is NXS. A NZ seafood company bought up by a US hedge fund and back doored onto the ASX. Earns a whopping $100k per year.
What is the future of the NZX if businesses don't want to know about it?




--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Jun 5 2019, 02:46 PM
  Quote Post


Posts: 9,666
Thanks: 287


Are wannabe dope dealers from a bunch of shysters the only thing the NZX can attract these days? Even though they spend seven months thinking about the TRS transaction and we still don't know if they got back to them or not.



--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: May 11 2019, 10:43 AM
  Quote Post


Posts: 9,666
Thanks: 287


Just to reinforce the point of how irrelevant the NZX is becoming, lets take TRS as a case in point.

A company with a proposal to resurrect the company, create value and return some wealth to shareholders.

Details submitted to the NZX for approval some SEVEN MONTHS ago.

Not a another word said about it.

SEVEN MONTHS and NOTHING said or done about it.

Company now trading while insolvent which is unlawful putting the directors on the hook. See the Mainzeal case.

That is the NZX for you.

Now ask yourself, why is it Kiwis love residential property? Apart from tax breaks could it be a complete break down in trust between the public and the social institutions which make up a society and run by the ruling elite?






--------------------
What did Uncle Mel do to us?
 
 


4 Pages (Click to Jump) V   1 2 3 4 >

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING