Harmoney shareholders call for share buyback

Harmoney listed on the ASX and NZX in late 2020, but its share price has since fallen almost 80%. (Photo: NZX)

Wed, 05 Oct 2022

A pair of individual shareholders have been lobbying Harmoney’s board of directors to consider some financial engineering to create a share price catalyst for the shares. BusinessDesk understands two high-net-worth investors, who backed the personal finance company’s initial public offer, want action to boost the languishing share price. “The stock is not broken; its perception is,” one shareholder told BusinessDesk. Harmoney is an online direct personal lender, which was founded in NZ nine years ago and l...

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