Forum Archive Index - March 2003

["Michael McGregor" <mikemcgregor@nzoomail.com>]

Greetings,
                I would just like to say that I find investing in New Zealand's
listed companies very 
frustrating. It's difficult to find any company history in a short space of
time and I think it is 
ridiculous that you need three or four different account numbers, FIN numbers,
CSN numbers etc 
etc etc just to make a trade. Secondly, it amazes me that New Zealand companies
can get away 
with releasing financial results only twice a year. Also, why aren't NZ 
companies
required to make 
public any insider trades? Who would want to invest in company X if the 
directors
are quietly 
dumping their shares before they release their lower profit figures?
                Recently, I opened an account in the US and began trading over
there. There is much 
more information freely available and you only need one account number which
does everything. 
Most companies release quarterly earnings which offers more information for
the investor. If you 
are looking at investing in a particular company, there is always plenty of
info readily available 
including any recent insider trades plus financial history going back fifteen
years or more. If the 
NZSE CEO wants to attract more investors to the NZ market I think he has a long
way to go before 
it is investor friendly. 


Regards,

Mike M.

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/