Not so much as obtuse as fundamentally unable to understand the basics
Quote:
Originally Posted by
Snoopy
Obviously my point was too obtuse PT.
From 1st January 2014 an additional common equity buffer of 2.5% is required. Since all of Heartland's Tier 1 equity is common equity, the minimum amount of equity that must be held is now 12.5% of the loan book. Assuming the loan book has not changed in size significantly since balance date when it measured $2,010.4m, the share capital required to be held is now $251m (minimum). Share capital at balance date was $371m. So plenty of capitalheadroom there, or is there?
OK Let me make my point this way.
All the details, including the true numbers, for the Capital Adequacy (which is what you are referring to above) calculations are available in the Disclosure Statements which you have read.
And yet you ignore them and post the above instead.
Paper Tiger