HNZ up 1 cent on this news.
Not quite as exciting as what's going on at PEB - but nice that the Govt thinks HNZ is Ok for their entities to bank with.
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HNZ up 1 cent on this news.
Not quite as exciting as what's going on at PEB - but nice that the Govt thinks HNZ is Ok for their entities to bank with.
This is great news for Heartland, a real vote of confidence from the Government that they are on the right track. Nice one!
The problem with school fee loans though is that 'education' cannot be sold by the bank should the loan go bad. Yet overall I would say it is a good initiative, which could be nicley derisked for HNZ shareholders by Heartland raising a bit more capital from them.
SNOOPY
I like Chris Lees idea today re Kiwi bank and heartland merging. like it a lot.
Smart money?? Maybe margin calls?
The major shareholders appear to be not selling.
Comparing the latest top 100 shareholder list with one a few weeks ago,the action appears to be nearly all Leveraged Equities driven.One LE a/c has gone from 1,364,257 to 6,678,844 while other LE a/cs have disappeared.
The SP is still up on the more important 200 MA.
I still can't work out where the PGW holding went to.
Not a lot of news from HNZ of late.I expect we will be brought up to date at next Friday's agm.
Percy, I'm not up to speed with it, but with the larger than normal volume lately, perhaps it is warehoused at a prime broker shop, and being distributed through their client network in bite size parcels
The money for the IPO's recently would need to have come from somewhere. Maybe folk have decided to take some profit from HNZ and redistribute into dividend stocks such as Meridian ?
Like i said earlier im keenly awaiting the agm, been a long time between news with this one lately.