Ann: Cellmid Share Placement Raises $9M, page-29

Pertinent question Mal....

I actually looked at alternatively investing my CDY funds in NZ Govt bonds this morning (1.75% 1 year...2.00% 2 yrs and 2.25% 4 yrs). By the time I factored in the CPI (currently 1.5% & rising) and of course tax ... I was going to be netting MINUS $275 after 1 year.

So I figured the capital gain (not taxable yet) off what I believe CDY will provide me, is a better solution than giving a Labour/NZ First/Greens coalition Govt. free use of my capital with a nice income as well (my tax) with the added negative return to me for the privilege!!!

No brainer for me to hold CDY.