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
Less of the negatives waves and you may actually learn something
Quote:
Originally Posted by
Snoopy
What disclosure statement might that be PT? Not the one signed off on 27th November 2013 that doesn't mention the January 2014 Basel 3 amendments by any chance? Nothing more recent has been issued via the NZX.
SNOOPY
Why would they mention January 2014 Basel 3 in the September 2013 DS when it does not apply?
Quote:
Originally Posted by
belgarion
PT, could I ask, as a favor to us all, that you provide Snoopy with a bit more than hints? Snoopy is trying really hard to get to the bottom of HNZ's value. In fact, far harder than I have, and I respect his efforts enormously. PT, you know I love you, bro. Just a bit more detail .... :)
Snoopy will never get to the bottom of HNZ while he persists in his blinkered attitude to them and the link to disclosure statements as been provided on this thread before.
Best Wishes
Paper Tiger