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NZF, NEW ZEALAND FINANCE HOLDINGS LIMITED
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?
 
plastic
post Posted: Jul 10 2017, 01:18 PM
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The only deal of the year so far and barely a peep. Makes you wonder why.



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 5 2017, 11:31 AM
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NZX must be ready for a Long Term Capital Management lite type of business model according to what's been put forward. Maybe the market is in for a hyper pump generation.

https://en.m.wikipedia.org/wiki/Long-Term_Capital_Management



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What did Uncle Mel do to us?
 
plastic
post Posted: Jul 5 2017, 11:31 AM
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Posts: 8,784
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NZX must be ready for a Long Term Capital Management lite type of business model according to what's been put forward. Maybe the market is in for a hyper pump generation.

https://en.m.wikipedia.org/wiki/Long-Term_Capital_Management



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What did Uncle Mel do to us?
 


plastic
post Posted: Jun 30 2017, 01:20 PM
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Rebirth supposed to happen in second week of July. Ten working days.

Please don't let this be the deal of the year so far.

What a sham of an exchange if it is. They should never have been allowed to stay listed as long as they have and this whole deal stinks.



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What did Uncle Mel do to us?
 
plastic
post Posted: Jun 11 2017, 05:29 PM
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Just read the documents regarding the restructure. What a racket this is.

The company's registered in the Caymans. Nobody knows the real owners of it. And the services provided are for a client base of private high net worth individuals! Its also licenced and regulated in Cyprus!!

How the NZX granted permission for this is beyond me. And, further, why the hell can't they register in NZ and be subject to NZ law and disclosure practices IF they have nothing to hide?






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What did Uncle Mel do to us?
 
plastic
post Posted: Jun 6 2017, 06:27 PM
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In Reply To: plastic's post @ May 26 2017, 04:43 PM

QUOTE
this is one load of pig shit that is going to go broke soon unless there is a major surprise


Has this guy ever thought about approaching the Callaghan Institute to see if they have any good ideas for business they might like to spin out?






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What did Uncle Mel do to us?
 
plastic
post Posted: May 26 2017, 04:43 PM
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Latest report is the interim unaudited annual. In it, there is no mention of the NZX. But there is a mention of the April/May meeting for shareholders now being a June/July meeting.

From this I deduce the documents have received NZX assent and the finger of delay can no longer be pointed at them. However, we are not told this. Second, they have no say or control over anything with regards to the meeting being held. The June/July meeting could well become August/September meeting of 2018. Nor do they declare how they are going to continue paying the bills until the new funds are received after the scheduled meeting when they only have $159k of cash and cash equivalents.

All in all, this is one load of pig shit that is going to go broke soon unless there is a major surprise.



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What did Uncle Mel do to us?
 
 


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