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 >

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

NZX, NEW ZEALAND EXCHANGE LIMITED
plastic
post Posted: Feb 19 2021, 07:03 AM
  Quote Post


Posts: 10,656
Thanks: 308


2021 and the NZX continues to underwhelm with new listings.

A finance company selling clunkers and an online grocery business.

2 Cheap Cars and My Food Bag just aren't going to resonate in my mind as worthwhile investment grade businesses.

Despite recently reported volume based profits by the exchange, quality is hard to come by. Most rental properties have greater assets and revenues and profits then a lot of these companies with listings.



--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Jan 29 2021, 05:58 AM
  Quote Post


Posts: 10,656
Thanks: 308


Some of the greatest performers in the US and AU markets have been in the biotech sector but as far as I know, the NZX doesn't even have a single listing in this area. Even though there is a vibrant private sector undertaking biotech RnD those that did seek a listing went to Australia. Stalwart lepers like NEU and LCT originated in NZ and more recently other non-performers have listed there.

The NZX has FPH which is a true darling for many. But FPH is more healthcare than biotech. There's ARB but that is actually an American company. Which raises more questions.

So why then, unless I am missing something, does the NZX not have any listings in this sector?




--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Jan 28 2021, 01:57 PM
  Quote Post


Posts: 10,656
Thanks: 308


Its like, if they can do it on this scale in the FOREX markets why wouldn't you do the same thing on a pig in the poke exchange like the NZX where you get the added bonus of being aided and abetted by the lack of required disclosure from the boys club?

Its a no brainer really. Doesn't have to be in a chat room either. Could just as easily be on the golf course, the holiday house, Tuesday night drinks or the back room of a knock shop.

The current games in the US are hardly the little guy biting back. More a case of hidden hands pulling the little guys' threads.

QUOTE
At the center of the investigation are the transcripts of electronic chatrooms in which senior currency traders discussed with their competitors at other banks the types and volume of the trades they planned to place. The electronic chatrooms had names such as "The Cartel", "The Bandits' Club", "One Team, One Dream" and "The Mafia".[4][5][6] The discussions in the chatrooms were interspersed with jokes about manipulating the forex market and repeated references to alcohol, drugs, and women.[7] Regulators are particularly focusing in on one small exclusive chatroom which was variously called The Cartel or The Mafia. The chatroom was used by some of the most influential traders in London and membership in the chatroom was highly sought after. Among The Cartel's members were Richard Usher, a former Royal Bank of Scotland (RBS) senior trader who went to JPMorgan as head of spot foreign exchange trading in 2010, Rohan Ramchandani, Citigroup's head of European spot trading, Matt Gardiner, who joined Standard Chartered after working at UBS and Barclays, and Chris Ashton, head of voice spot trading at Barclays. Two of these senior traders, Richard Usher and Rohan Ramchandani, are members of the 13-member Bank of England Joint Standing Committee's chief dealers group.[8]

At least 15 banks including Barclays, HSBC, and Goldman Sachs disclosed investigations by regulators. Barclays, Citigroup, and JPMorgan Chase all suspended or placed on leave senior currency traders. Deutsche Bank, continental Europe's largest lender, was also cooperating with requests for information from regulators.[8][9] Barclays, Citigroup, Deutsche Bank, HSBC, JPMorgan Chase, Lloyds, RBS, Standard Chartered, UBS and the Bank of England as of June 2014 had suspended, placed on leave, or fired some 40 forex employees.[6][10][11][12] Citigroup had also fired its head of European spot foreign exchange trading, Rohan Ramchandani.[13] Reuters reported hundreds of traders around the world could be implicated in the scandal.[14]


Effects
The monetary losses caused by manipulation of the forex market has been estimated to represent $11.5 billion per year for Britain's 20.7 million pension holders alone (7.5B/year).[15][failed verification] The manipulations affected customers all around the world, for over a decade. The manipulations' overall estimated cost is not yet fully known.




--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Jan 28 2021, 01:37 PM
  Quote Post


Posts: 10,656
Thanks: 308


If only short data was available to the market instead of just a handful of boys in the club. Imagine the stampede for some of those stocks by the mum and dad punters who want to replicate the GME mania in the US right now.

And people wonder why the average punter has so little faith in the Shakey Isles' stock exchange.




--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Sep 15 2020, 08:27 PM
  Quote Post


Posts: 10,656
Thanks: 308


In Reply To: plastic's post @ Mar 20 2020, 03:39 AM

Crisis management extended by a month. Why just a month? How do they know the effect of Covid will be all over by the end of October?

https://www.nzx.com/announcements/359782




--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Sep 3 2020, 06:07 AM
  Quote Post


Posts: 10,656
Thanks: 308


This must be what is happening with CBD and did happen with BGL. You'd think the Little Boys Club would do something about it and Sharesies even if its not Sharesies who is the problem. At least say something about what everyone else is seeing and thinking about. But nope. As long as they are clipping the ticket all is good.
https://www.zerohedge.com/markets/robinhood...eir-orders-hfts




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


plastic
post Posted: Sep 2 2020, 05:49 PM
  Quote Post


Posts: 10,656
Thanks: 308


Sharesies days on the NZX could be numbered if this is anything to go by.
https://www.zerohedge.com/markets/angry-rob...nami-complaints




--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Sep 1 2020, 07:11 AM
  Quote Post


Posts: 10,656
Thanks: 308


Boy! Would I like to see this.

Every parasite in town would have to go and do something else. All their microprofits and the market rigging they do would disappear overnight.

https://www.zerohedge.com/political/new-jer...h-volume-trades



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


Posts: 10,656
Thanks: 308


Todays highlight will be at 10AM. Thats when we get to see if NZ has a stock market that works or not.
Its no wonder we get called the Shakey Isles sometimes.




--------------------
What did Uncle Mel do to us?
 
plastic
post Posted: Aug 30 2020, 07:59 AM
  Quote Post


Posts: 10,656
Thanks: 308


To help resolve their problems the NZX, a privately held company, have put a call into the GCSB, NZs security intelligence service, for help.

Immediately, you have to ask yourself, what's a publicly funded state organ which operates in total secrecy doing protecting a privately held company? Of course the national interest factor is a valid concern but when did standard business practices include protecting profits for a very few people to the cost of many?

Free market doctrine mandates the need for failing businesses to fail so those resources can be utilized elsewhere. They should not be the beneficiaries of corporate welfare.

Watch this space. More to come IMHO.

This is not going to be a return to business as usual. We will see a part nationalization of the operations hopefully.

And if it happens in NZ it will most likely happen in Australia. The ASX' days are numbered I would say.



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


5 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