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ACC spends $17,714,069.82 in the Share Market and that is in one deal the past month.

#1 User is offline   doppelganger 

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Posted 16 April 2020 - 10:14 PM

Take a look at the ACC investment is carrying on despite they are in lock down. They are working from home.

ACC Share Buy

Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To New Zealand Stock Exchange
and
To Kiwi Property Group Ltd
Relevant event being disclosed: Movement of 1% or more
Date of relevant event: 9 April 2020
Date this disclosure made: 14 April 2020
Date last disclosure made: 25 March 2020
Substantial product holder(s) giving disclosure
Full Name(s): Accident Compensation Corporation (ACC)
Summary of substantial holding
Class of quoted voting products: Ordinary shares (KPG NZ)
Summary for: Accident Compensation Corporation (ACC)
For this disclosure,—
(a) Total number held in class: 164,165,904
(b) Total in class: 1,569,087,532
© Total percentage held in class: 10.463%
For last disclosure,—
(a) Total number held in class: 144,453,517
(b) Total in class: 1,569,087,532
© Total percentage held in class: 9.206%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
From 25 March 2020 to 9 April 2020, ACC had the following aggregated on-market transactions
in Kiwi Property Group Ltd:
• Purchases of 19,712,387 shares for consideration of NZD $17,714,069.82
Details after relevant event
Details for ACC
Nature of relevant interest(s):
Beneficial owner of securities under §235(1)(b) of the Financial Markets Conduct Act
No relevant agreement document needs to be attached under regulation 139.
For that relevant interest,—
(a) Number held in class: 164,165,904
(b) Percentage held in class: 10.463%
© Current registered holder(s): ACC via New Zealand Central Securities Depository Limited
(NZCSD)
(d) Registered holder(s) once transfers are registered: unknown
For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
© parties to the derivative: n/a
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: n/a
Additional information
Address of substantial product holder(s):
ACC: Justice Centre, 19 Aitken Street, PO Box 242, Wellington, NZ
Contact details: Matthew Cunliffe +64 4 816 5743 [email protected]
In accordance with the Financial Markets Authority’s Guidance Note: Guidance on Substantial
Product Holder Disclosures issued on 27 September 2017, ACC has not made disclosures for
employees who manage the financial products of which ACC is the beneficial owner.
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to
which this disclosure relates: n/a
Certification
I, Matthew Cunliffe, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure by
all persons for whom it is made.

But wait a minute the company just secured bank loan at a time when the money or investment do not have a good return.

NZX RELEASE
27 March 2020
Kiwi Property concludes bank debt extensions
Kiwi Property has successfully refinanced $147 million of bank debt facilities with HSBC and
CBA. The facilities were previously due to expire in the 2021 and 2022 financial years and
have been extended on three and five-year terms.
On Monday, the company announced it had also extended $214 million of facilities with
ANZ, BNZ and Westpac. Kiwi Property now has no bank debt maturities until the 2023
financial year. The weighted average term of all debt facilities now sits at 3.9 years. The
company has $303 million in undrawn credit lines and a current gearing ratio of 29.2%, well
within its target range of 25%-35%.
> Ends
Contact us for further information
Campbell Hodgetts
Communications & Investor
Relations Lead
[email protected]
0275634985
About us
Kiwi Property (NZX: KPG) is the largest listed property company on the New Zealand Stock
Exchange and is a member of the S&P/NZX 20 Index. We’ve been around for over 25 years
and we proudly own and manage a $3.3 billion portfolio of real estate, comprising some of
New Zealand’s best mixed-use, retail and office buildings. Our objective is to provide investors
with a reliable investment in New Zealand property through the ownership and active
management of a diversified, high-quality portfolio. S&P Global Ratings has assigned Kiwi
Property a corporate credit rating of BBB (stable) and an issue credit rating of BBB+ for each of
its fixed rate senior secured bonds. Kiwi Property is the highest rated New Zealand company
within CDP (Carbon Disclosure Project) and is a member of FTSE4 Good, a series of
benchmarks and tradeable indices for ESG (Environmental, Social and Governance) investors.
Kiwi Property is licensed under the Real Estate Agents Act 2008. To find out more, visit our
website kp.co.nz

And don't forget this share buy last month.

Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To New Zealand Stock Exchange
and
To Kiwi Property Group Ltd
Relevant event being disclosed: Movement of 1% or more
Date of relevant event: 24 March 2020
Date this disclosure made: 25 March 2020
Date last disclosure made: 29 April 2016
Substantial product holder(s) giving disclosure
Full Name(s): Accident Compensation Corporation (ACC)
Summary of substantial holding
Class of quoted voting products: Ordinary shares (KPG NZ)
Summary for: Accident Compensation Corporation (ACC)
For this disclosure,—
(a) Total number held in class: 144,453,517
(b) Total in class: 1,569,087,532
© Total percentage held in class: 9.206%
For last disclosure,—
(a) Total number held in class: 104,473,105
(b) Total in class: 1,276,470,920
© Total percentage held in class: 8.185%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
From 29 April 2016 to 24 March 2020, ACC had the following aggregated on-market
transactions in Kiwi Property Group Ltd:
• Purchases of 75,668,946 shares for consideration of NZD $107,107,485.80
• Sales of 42,910,489 shares for consideration of NZD $61,432,845.17
• Allotment of 7,221,955 shares received under the Dividend Reinvestment Plan
Details after relevant event
Details for ACC
Nature of relevant interest(s):
Beneficial owner of securities under §235(1)(b) of the Financial Markets Conduct Act
No relevant agreement document needs to be attached under regulation 139.
For that relevant interest,—
(a) Number held in class: 144,453,517
(b) Percentage held in class: 9.206%
© Current registered holder(s): ACC via New Zealand Central Securities Depository Limited
(NZCSD)
(d) Registered holder(s) once transfers are registered: unknown
For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
© parties to the derivative: n/a
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: n/a
Additional information
Address of substantial product holder(s):
ACC: Justice Centre, 19 Aitken Street, PO Box 242, Wellington, NZ
Contact details: Matthew Cunliffe +64 4 816 5743 [email protected]
In accordance with the Financial Markets Authority’s Guidance Note: Guidance on Substantial
Product Holder Disclosures issued on 27 September 2017, ACC has not made disclosures for
employees who manage the financial products of which ACC is the beneficial owner.
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to
which this disclosure relates: n/a
Certification
I, Matthew Cunliffe, certify that, to the best of my knowledge and belief, the information
contained in this disclosure is correct and that I am duly authorised to make this disclosure by
all persons for whom it is made.

Question is did ACC buy shares to artificially increase the share price.
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#2 User is offline   keentohelp 

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Posted 25 April 2020 - 08:57 PM

With their 1st class investment record anyone who can raise any money at all should follow them all the way. KPG are now 35% below their 52 week high and clearly ACC analysts see them as now good value, well, very good value (presumably in the longer term) if they have picked up $17,714,069.82 worth.
If you do not have a broker shares can be bought online through ASB who take a very small commission.
Don't scoff - I have seen quite a number of ACC clients get four and five figure sums and have it all gone in a relatively short period. Investing capital means you only get to spend the income from it but choose wisely and the capital both returns income AND grows (almost magically) of its own accord.
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#3 User is offline   keentohelp 

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Posted 26 April 2020 - 07:37 PM

The purpose of ACC's investments is to fund 'the tail'. That is, pay the costs of those claimants who are no longer contributing to the system as they can no longer work or have developed the need for some expensive entitlements - new bathroom, kitchen, car, further surgery, long term care etc. We should all be pleased ACC has that $40 billion (yes billion) plus. Is just a shame it is so hard to get ACC to actually use it for what it is for.
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#4 User is offline   doppelganger 

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Posted 27 April 2020 - 11:07 PM

Keen The ACC claim that they were short of funds to supply entitlements in February.

It will be interesting to see this company is going to survive as it main income is from retail / business space leasing. Taking into considering late last year they had to suspend trading due to having financial trouble in paying their debt.

The Law does not allow ACC to invest money when there is not enough to supply entitlements.
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