Disagree.
The purpose is what matters to me.
I am an investor,not a gambler or a charity.
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Ok...as u say ...Hope u know that AIR always had and will have in future also Govt backing as it being national airline of a Island country ...so like FED put ...AIR had Govt put ...never ever it could be allowed to fail ...to stay in business !!!
But lets forget it as its HGH forum ...and they raised and thus will in future also raise equity in a manner more suitable to them and that was the main point .
I have been a HGH investor since they were first formed over 10 years ago.Now my second largest holding.Always like companies where directors/management have large shareholdings.
Airline shares and air craft support companies. I have held shares and done extremely well in this sector,holding AQZ [asx] PTB [asx] and HEI [nyse].
I have been fortunate to have steered clear of AIR [nzx].
That may be so. But the financial entity represented via Air New Zealand shares that employs the pilots and air crews that runs those planes? That is not the same thing as the underlying business. You may find that if Air New Zealand got into real financial distress the government could let it collapse, and pick up the ashes creating a 'new' fully government owned Air New Zealand and leaving existing non crown Air New Zealand shareholders with nothing. Government majority ownership is not the same as a government guarantee of your private investment capital.
I have owned both Air NZ and Heartland Group Holdings shares. Don't own Air NZ shares any more. Sleep much better at night owning Heartland.
SNOOPY
How easy it is to miss the main point raised ...I was referring to investor friendly capital raise procedure not which company has better financial prospects ahead .
But if small investors are happy with HGH procedures and priority given to them by management then who am I to complain ...as I no longer hold it anymore so cant be offended or shortchanged by such attitude of management in future ...:cool:
Just got an email from HGH offering 5.5% rate for 10 months deposit with something more for bigger investment ....Either they have huge demand for funds at current mortgage rates of 7% or so or they short of liquidity ...still its really getting up there for the savers ...from almost nothing to 5.5% in a jiffy ...sums up the rates scenario ...how long inflation will last in such tight conditions ??
The Jarden Group has certainly shown confidence in HGH with a substantial shareholder notice yesterday. Now holding 5.007% which I think puts them at number 3 on the share register.
I just logged into the Heartland app, and saw a message at the bottom of the window saying "we are phasing out our internet banking platform - We understand there may be times when you need to use this platform for your banking needs - go to internet banking (link)"
Doesn't affect or worry me as I almost never use internet banking, but I'm a bit confused by that message. It contradicts itself.
Anyone know what the story is? Are they scrapping the internet banking platform altogether and expecting everyone to use the app?
https://digital.heartland.co.nz - is their new platform, use the same login details, etc.
https://secure.heartland.co.nz - is being phased out