Please see attached a Substantial Product Holder notice for Steven Newman and NMC Trustees Limited as trustee of the NMC Investment Trust in EROAD Limited("ERD").
The NZX 50 grew by 0.15% to 12,480.05 as Fonterra performed well.
The NZ sharemarket dipped as Fletcher Building shares fell further.
The FMA is worried about unsophisticated investors taking the bait.
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