Not necessarily. They might be after guidance from the RBNZ to see what more they have to do. A failed application would supply that guidance. Do you think the new man replacing Bollard will be asked to rubber stamp this on his first day behind the desk?
But is the equity to loan ratio really 16%? Not casting aspersions on your maths Percy, but is all of that equity real? Presumably HNZ got some money for those securitized loans when they were packaged up, otherwise why do it? What happens to that money when those securitized loans unwind, as they all seem to do within a twelve month period? Why is the balance of securitized loans increasing even after the government guarantee on depositors funds has expired?Quote:
This adds a large measure of security for shareholders,as does the very conservative equity ratio of 16%.
Just moving up and down with the market in general as I see it. I guess if you want to see some other pattern in the share price movement then you will find it?Quote:
Moving steadily on an upward trajectory.Time to load up as the train is about to leave the station.Toot Toot.
SNOOPY