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NZX, NEW ZEALAND EXCHANGE LIMITED
plastic
post Posted: May 20 2020, 08:49 AM
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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.



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What did Uncle Mel do to us?
 
plastic
post Posted: May 14 2020, 08:58 AM
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In Reply To: plastic's post @ Mar 20 2020, 03:39 AM

Where is the money coming from for all these cap. raises if they are to put a ban on FDI?



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What did Uncle Mel do to us?
 
plastic
post Posted: Apr 20 2020, 12:44 PM
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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.

QUOTE
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.





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What did Uncle Mel do to us?
 
plastic
post Posted: Apr 13 2020, 03:31 PM
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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




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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 27 2020, 12:17 PM
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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.




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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 20 2020, 03:39 AM
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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


QUOTE
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.




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What did Uncle Mel do to us?
 

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plastic
post Posted: Feb 18 2020, 07:33 AM
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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.



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



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




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





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What did Uncle Mel do to us?
 
 


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