It is worth approx $60mil,with on going worth of approx $15 to $22mil per year.
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Mouse .......clown says it is the extra margin they make cos cost of borrowing is lower
A hazard a guess .....say 2 billion lent out .....lets say they make half a percentage point more on this .... Thats 10 mill bucks a year ...... multiple of say 12 .... heck that licence is worth 120 mill ....on 388 mil shares that's at least 30 cents a share eh
See why I am waiting to see the evidence of margin enhancement ...instead of jeff just talking about it
The 10 mill extra per year should end on the bottom line eh
But what the heck I know ......and it was the back of a fag pack calc .... More room on them without the pretty pictures
So Percy reckons margins will be up 1 percentage point ..... Not my guess of half a point
No doubt that brilliant man jeff will tel us one day
A banking licence doesn't have a market value in the sense of something that can be sold to another party. It is "conferred" ( not the right word exactly) by the RBNZ after the applicant meets certain requirements, such as sufficient capital. and that the RB is satisfied with the relevant experience, reputation etc of management.
[QUOTE=winner69;395833]So Percy reckons margins will be up 1 percentage point ..... Not my guess of half a point
You have not taken into consideration the HUGE marketing/PR value,which must be added to the savings on cost of borrowings.
Yes, Jeff has done/and is doing a brilliant job,achieving all he says he will do.Savy investors take note of what he says he will do, in his clear communications,as that is what happens."His word is his bond."
[QUOTE=percy;395836]Percy... An Indian bank ( the name slips me ) was given a licence to operate in NZ only a few months prior to HNZ's.
Where is. The PR hype and info about them ??.. Does this mean that having no hype they will fail ??
Calm down man.. :-)). Me thinks thou Protesteth to much...
[QUOTE=janner;395838]I only try to correct misleading and false statements.
I think my record of correct postings on this thread speaks for itself,and going from the number of PMs I have had,others seem to agree with my contribution .
Sorry I do not know anything about the Indian bank.