plenty of dodgy lending going on in aus
Printable View
plenty of dodgy lending going on in aus
What happens to their banking licence?
Wouldn't want to lose that... investors (ie term depositors) might fret
It is less than than three years ago that the current structure was put in place:
Heartland - Strategy Update
Worth having a (re)read of the rational at that time.
Heartland Bank per se to become less and less of Group’s activities has focus moves to Harmony, Seniors and other finance related initiatives?
Heartland Bank will still operate in NZ as a bank,and still need to operate as per The Reserve Bank of NZ rules and regulations.
Pretty lukewarm response from fellow shareholders a sentiment shared by this hound as well.
RBNZ stipulations are there for sound reasons and I will need a ton of convincing to vote in favour of yet another reorganization.
As for the cost of an ASX listing and its ongoing costs, come on. really ? My goodness just look at how much capital they have raised from N.Z. shareholders in the last 12-18 months ! Surely they are not implying that they have exhausted their ability to raise money on the NZX or that they need vastly more than what's already been raised ?
Is this tacit admission of an inability to compete in banking in NZ?
Disc: Not holding.
The way I see it, NZ is a good steady profitable business but the big growth opportunities are in Australia. The ASX listing will certainly get it noticed and easy access to Aussie capital. Think MQG