Harmoney shareholders call for share buyback

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)
Dan Brunskill
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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