Allied Farmers shares opened at 13c this morning but quickly
fell 37% in value to be trading at 10c in the first 15min
after the NZX opened.
The price of Allied Farmers shares is predicted to fall below
10c when trading starts this morning, with some brokers
predicting a floor of 5c a share this week.
Bank tax provisions are likely to feature strongly tomorrow
when the new current account deficit figures are released,
but an economist is warning that their significance should
not be overplayed.
Although the parliamentary year ended yesterday, Finance
Minister Bill English is already turning his mind to
Allied Farmers has written to all shareholders telling them
that five sharebroking firms would be researching the company
on a regular basis.
Craigs Investment Partners yesterday raised its price target
for AXA Asia Pacific believing AMP would c
A surprise bid by National Australia Bank for the Australian
and New Zealand businesses of AXA Asia Pacific generated some
excitement in financial markets yesterday.
Hanover investors will be issued their new Allied Farmers
shares after 6pm today, and trading will start at 10am on
Consumer confidence in Otago slumped in the three months to
December, with the region languishing at the bottom of the
Westpac McDermott Miller consumer confidence index.
The confidence of investors in Dunedin commercial property
slumped in the three months ended December with the city now
the fourth least optimistic region in the country.
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