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Hawaiian Electric Industries Inc T.HE.RT


Primary Symbol: HE

Hawaiian Electric Industries, Inc. is a holding company with its subsidiaries principally engaged in electric utility, banking, and non-regulated renewable/sustainable infrastructure businesses operating in the State of Hawaii. The Company’s segments include Electric utility, Bank, and Other. The Electric Utility segment provides essential electric service to Hawaii’s population through the operation of five separate grids that serve communities on the islands of Oahu, Hawaii, Maui, Lanai and Molokai. The Bank segment provides a range of banking and other financial services to Hawaii consumers and businesses. The Bank segment is also engaged in lending activities, which include origination, purchase and sale of loans, residential mortgage lending, construction and development lending, multifamily residential and commercial real estate lending. The Other segment comprises Pacific Current, which invests in non-regulated clean energy and sustainable infrastructure in the State of Hawaii.


NYSE:HE - Post by User

Comment by wyndeweston Mar 18, 2015 9:44am
191 Views
Post# 23533219

RE:What is he.rt synmbol and he symbol...

RE:What is he.rt synmbol and he symbol...Symbol HE stands for Hanwei Energy and shares of this company may be purchased on the Canadian small cap exchange.  Currently that share price is .07 1/2 cents a share with very little interest. The symbol he.rt  are rights to buy additional Hanwei shares.  These rights are only being offered to exisiting shareholders as of a certain date. If I understand this correctly, you puchase those rights at say .01 cents a share.  That then entitles you to buy additional (depending on how many rights you purchase) shares at the low price of .07 1/2 cents for a specified time into the future even though the share price may be higher.  I guess this is a desperate way for Hanwei to raise capital because they need it.  Originally the share offering was to be offered at .10 cents a share but with oil & gas plunging, I guess they were reduced to the .07 1/2 cent offering.  This whole thing smells and sure didn't do the existing shareholders any favors in my view because it has just driven the current HE  price down to .07 1/2 cents a share!!! AND ONLY A FEW  SEEM TO WANT THEM AT THIS PRICE!!!
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