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NZF, NEW ZEALAND FINANCE HOLDINGS LIMITED
plastic
post Posted: Sep 26 2019, 04:42 PM
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AGM came and went. Still waiting.

But the final trade of the day today suggests somebody knows something.



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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 10 2019, 08:05 AM
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In Reply To: plastic's post @ Aug 8 2019, 12:29 PM

Six week window before we learn this dog's fate and finally euthanize some of the players in it.



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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 8 2019, 12:29 PM
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Who will take it this time I wonder. Nominations for directors close tomorrow. Then a two month window before the AGM with a two week window for notice.

Strange how its started trading all of a sudden after the AMP deal fell over.

https://www.nzherald.co.nz/business/news/ar...jectid=12256676
QUOTE
Financial services provider AMP has put its New Zealand wealth management business back on the block as part of a re-vamp strategy which includes a capital raising of up to A$650 million.

The dual-listed firm announced it would "explore options" to divest the New Zealand business on the back a net loss of A$2.3 billion for its half year to June 30 after writing down the goodwill in its wealth management and AMP life businesses.




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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 24 2019, 10:14 AM
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Director nominations called for. Closing date is the 9th of August. Rules state AGM must be held within two months after closing date of nominations. Unless of course a waiver is granted. That puts us at the end of September. The end of Q3 at the latest before we find out what this dog has in mind for a company making transaction because they cannot carry on the way they are and it is clear the NZX want to keep them there for some reason.



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 16 2019, 08:56 AM
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AMP might want to shovel it's toxens into this dog.

Capitalised loans. Probably non-recourse at that. Can only speculate somebody with an interest has put the house up to smooth out the accounts until they make a transaction.

With trading appearing yesterday and today, it must be close.



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 15 2019, 12:31 PM
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Some trading in this never traded probably insolvent dog. Wonder why its suddenly showing signs of life.



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What did Uncle Mel do to us?
 


plastic
post Posted: May 27 2019, 12:26 PM
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Why are these deadbeats still listed?

Looking forward to the next set of accounts now that some respectable auditors have been appointed



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What did Uncle Mel do to us?
 
plastic
post Posted: Dec 14 2018, 12:50 PM
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BGI finding derivatives too hard. Going to stick with lending. Sounds like they are wanting to sell loans under a securitization arrangement. Good luck with that one. Especially after the Reserve Bank just came out with their report today on the under capitalization of the banks. Perhaps they are better to buy some loan books off the banks, cut and trim them, repackage and rename them and then sell them. Perhaps that is what they intend to do.

http://nzx-prod-s7fsd7f98s.s3-website-ap-s...2185/284465.pdf






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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 31 2017, 03:40 PM
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How come they're still being quoted when they have renamed with a new ticker? Maybe it was more of a spinout and BGL is just part of the family.



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 27 2017, 10:06 AM
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Eight months in almost of a optimistically begun year and so far the deal of the year is this rubbish.

Unbelievable!



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What did Uncle Mel do to us?
 
 


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