I couldn't put it better myself ! Thanks from another "fanatic" Percy :)
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Yes thanks for the report Percy , thats good stuff.
Snoopy, allow me to summarize the opinions of those who are in HNZ :
1. Growth for growth's sake is a bit like drinking for the sake of getting drunk - nothing can come good from it, save for a sore head or a busted liver years later. Just as bad as buying stuff non-stop just because it is on sale.
2. HNZ is doing it the right way - grow profitably and be patient. That is the correct strategy.
3. Capital is not an issue when you are profitable and demonstrate disciplined and profitable growth. There is unlimited capital available out there for banks when they show they are well managed and disciplined.
South Canterbury Finance and the other finance companies provide ample proof that growth (and size) are not everything.
If you go back far enough, the BNZ blew itself up twice growing for growth's sake - and BNZ had unlimited access to capital back in those days.
As has been written before, you are missing the big picture, Snoopy, by nitpicking on numbers.
HNZ is on the move and there's plenty more potential ahead. :D :D :D
George Kerr practically gifted his shares to everyone who bothered to buy less than a year ago at 52 cents!
28 cents gain plus 3.5 cents dividend = 60% gain.
Who says Georgie Porgie is not a nice guy?