Sounds like money down the river to me,!!!!
lol.
Printable View
I personally think downgrade bank rating is a major, I have to follow S&P advice, so cut my half holding sold at 80c , first 25k shares traded which 20k came from me.
S&P are just arse covering after stuffing up in the US. Very unlikely to be downgrading - I am looking to top up if it drops much lower.
Mouse it is amusing indeed. 10 days ago I posted on the RYM thread (post 1243) a small story about investing on behalf of my teenage daugthers. At that time (only 10 days ago), I said my daughters (and their Dad) had sold half of our RYM (since up 2%), all of our CEN (didn't want to but CEN fell out of my daughters "safe "investments after Norman-geddon, but since up 6%)). At the time of my post, my daugthers were suggesting we use RYM receipt to buy SUM, AIA, PGW and SAN. We did invest it 50/50 in SUM and SAN. Since then share prices have changed SUM (-10%), AIA (+5%), PGW (-8%) and SAN (+5%).
Our net change from these transactions, -2.5% and completely satisfied we have done the right thing long term.The future will prove us right, wrong or prudent !
I know I am not in the right thread for these comments but Mouse initiated a response. My apologies
I think it time to reread HNZ's response kindly posted by Sparky The Clown post 1783.
1] S&P are already commenting on our improving business position post bank registration.
and finishing
e] and a strategy of competing in stable less contestable specialist markets [livestock,invoice finance,motor vehicle etc].
My own observation is the noise Aussie banks would make either if things turned down here,or further in Aussie.
"We had to take that tuff course of action to protect our shareholders.Our largest shareholders are Aussie pension funds."
Swann can't put up that NZ may have a budget surplus before them.Under arm by Bill English.
Percy !!.. How dare you suggest that any one in NZ could bowl an underarm ??.
Even the Greens would not stoop that low..