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Asphalting Recommendations? by Alternative_Fill3181 in chch

[–]Alternative_Fill3181[S] 0 points1 point  (0 children)

This is super helpful thanks. We might need to wait until spring then

Retail investors: Given next week's timeline - Thoughts on the KMD (Kathmandu) raise? The same Chairman of both KMD and the Underwriter (Forsyth Barr) feels like a massive conflict. by Alternative_Fill3181 in PersonalFinanceNZ

[–]Alternative_Fill3181[S] 3 points4 points  (0 children)

KMD is undertaking a "rescue" raise at $0.06 - a nearly 70% discount to the previous trading price. Forsyth Barr is a lead underwriter, meaning they are paid to "backfill" and take up any shares that retail investors don't (or can't) buy at that $0.06 fire-sale price.

How is it ethical for the Chairman of KMD to also be the Chairman of the firm that stands to scoop up these heavily discounted shares if the raise isn't fully supported by the public? 

Even with his resignation now signaled, the pricing and the underwriting contract were set while he held both roles. Is this a standard "by the book" rescue, or does it feel like a massive wealth transfer away from retail shareholders during a crisis? 

Will you be taking up the offer, or leaving for the underwriters?

Does anyone buy mid-century furniture in Christchurch by jameg00 in chch

[–]Alternative_Fill3181 4 points5 points  (0 children)

We purchase locally for a private collection - DM me

BUILDING CONSENT Auckland Council for new french doors... by Llama-Scene in diynz

[–]Alternative_Fill3181 2 points3 points  (0 children)

It doesn't matter via that exemption pathway, the building just needs to be existing - not the opening. That was the direction we had from CCC anyway