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NZX, NEW ZEALAND EXCHANGE LIMITED
plastic
post Posted: Mar 27 2021, 01:13 PM
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Desperate alright. Couldn't agree more.

Come into my parlour said the spider to the fly.

Um. No thanks.

https://www.stuff.co.nz/business/opinion-an...-and-rocket-lab

QUOTE
Like Zero and many other Kiwi companies, Rocket Lab have very obviously by-passed the NZX. After decades of poor governance and misaligned priorities, the NZX is desperate for successful listings. In a bull market, 7 of their last 8 IPO's have lost investors money, with My Food Bag their most visible fail.

This asks questions of our stock exchange. Are they relaxing prudent standards, and thus encouraging sub-standard listings? Will the NZX become the place companies list when they can't list anywhere credible?


If so, this would be a tragedy, just as millions of Kiwis have growing KiwiSaver savings, and are embracing direct share ownership via local companies like Sharesies and Hatch. They should be able to invest in a growing pool of quality, locally listed companies, whose prices rise and encourage more investment. The trend has been the opposite.




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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 26 2021, 09:15 AM
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Kindly turn off the lights and empty the milk bottle whoever is last to leave.



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What did Uncle Mel do to us?
 
nipper
post Posted: Mar 26 2021, 09:11 AM
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Telstra will delist its scrip trading on the New Zealand Stock Exchange from June 16 in favour of a single ASX listing.

QUOTE
Telstra is looking to simplify its administration and streamline its shareholder services. Telstra shareholders on the New Zealand register have been reducing over time and, given the accessibility of the ASX to New Zealand-based shareholders, Telstra considers that delisting is an appropriate step, the telco said.






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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
plastic
post Posted: Mar 24 2021, 03:33 PM
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There's a website called www. Sharetrader.co.nz which is primarily dedicated to discussing NZX listed stocks. After weeks of intermittent service the site is down and has been down for days.

It's got a loyal band of followers and contributors which means there must be a big bunch of people who are really pissed off about now.

You'd think that some of them would migrate to somewhere like Sharecafe but alas nobody seems to know it even exists. Kinda shows what a failed website this is. So you can forgive me for laughing when, on the ANP thread, you get people holding up a Sharecafe analyst's report as proof ANP is undervalued despite the opinion of renowned scientists contradicting it in the same way as night contradicts day.

As for the NZX, it is the black hole of stock exchanges. Can't talk about it, can't see into it because disclosure isn't required and you can't even trade it without going through a broker who has one hand tied behind their back.



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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 23 2021, 07:46 AM
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This morning the Jacinda n Co. finally took some action on the housing bubble introducing a range of actions designed to help first home buyers by impacting supply and demand. Maybe Australia should pay attention.

If the government is on it they just might take similar action with the NZX. God knows they have the ability to when you look at the NZVIF investments that are in the pipeline wanting fresh capital. But at this moment the likelihood of those investments being sold is more probable than not. Because why would anyone want to bring a worthwhile company to the NZX?

Without the stamp of a state sanctioned risk guarantee underwriting the company the best thing a punter can do is stay away from it.



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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 21 2021, 10:48 AM
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And another ones gone. Another one bites the dust.

The rot is never ending. Instead of potential blockbusting unicorns like this getting needed capital for growth by accessing the NZX, shareholders sell out and reap the benefits. And why wouldn't you when all the NZX can offer is an online green grocer and a used car sales and finance outfit?

It is a misnomer to describe the NZX as a conduit to capital markets. Listing is more akin to joining the Old Boys Club. Not that different from The Spider and the Fly when put into practice.

Paywalled.
https://www.nzherald.co.nz/business/new-zea...N4ZOUWSHWFBOSY/

QUOTE
New Zealand health tech firm sells for $22m




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What did Uncle Mel do to us?
 


plastic
post Posted: Mar 20 2021, 03:36 PM
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The business mandarins and Kiwi Saver fund managers must be scratching their heads about where to put their funds when all the primo companies are privately held or being sold off to foreigners. Cashflow included. No point for them putting it into the stockmarket either when the market is dominated by those who know the secret handshake and everyone else has to pay for privilege.



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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 20 2021, 11:43 AM
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I don't know if there's any reason for it but right on the close yesterday, across a range of stocks on the NZX, some very large trades occurred
as a single transaction. It wasn't very noticeable but it happen and looks very unusual.



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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 12 2021, 09:47 AM
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Working mums and dads may as well eat cake.

Systemic issues in any sector can only be fixed with structural change.

https://www.nzherald.co.nz/business/nz-reta...P3LTTHYD744W34/

QUOTE
NZ retail software company Vend sold for $455m
Vend had at times been seen as an IPO candidate. Its trade-sale is another blow to the NZX.
It comes on top of today's news other big sale news - that Christchurch-based geoscience software maker Seequent has just been sold to Nasdaq-listed Bentley Systems in a US$900 deal, and Vocus Group's pending sale to Macquarie and Aware Super that has scuppered plans for an NZX listing of Vocus's NZ assets, valued around $722m.




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What did Uncle Mel do to us?
 
plastic
post Posted: Mar 12 2021, 07:37 AM
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Recently I have heard some advertisements on the radio providing anti-cartel advice. Seems mainly directed at the trades for price fixing and sellers who want to "own " market share and it's revenues.

Nobody seems to think there's anything wrong with a self regulating monopoly which seems kind of funny to me.

Nevertheless, in regards to MFB if we are to say anything kind about it, it would be that the disruption potential of the supply chain in the fresh food and produce industry is massive.

Essentially the supermarket industry is a duopoly, possibly with cartel like features, and if MFB can achieve sufficient scale with cost benefits, then the supermarket industry could come crashing down on itself.

If legislation is on their side then when push comes to shove, we know what the outcome will be. The catalyst for such actions could well be Covid. Just look at the fruit and vege aisles in your local supermarket. How many people have handled or sneezed or coughed over your purchase before you actually buy it?

Think Coles and Woolies here. Or Countdown and Pack n Sav.



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What did Uncle Mel do to us?
 
 


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