Hope its that Space Invader expanding foam stuff .... fill big gaps faster and might be the boost needed
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Posted 28-02-2014.
Now we are seeing the Australian Banks having to raise capital to meet their new capital ratios.
No surprises there.!
Yet on 21/5/2015 Heartland stated " Heartland expects its NPAT for the year ended 30 June 2015 to be at the UPPER end of the previously advised NPAT range of $46mil -$48mil."
Just doing what they say they will do.
No surprises there.!
That's a truly depressing post of yours Percy, just as I was coming to terms with things and seeing he bright side.
You said the other day that HNZ is (rightly or wrongly) being tarred with the same brush as these Aussie banks and that is the reason why the HNZ share price is falling.
Does this mean that if things continue to get worse for the Aussies then HNZ will be rerated and won't trade at lofty multiples and we will see the share price continue to fall?
Doesn't look too good for the nextvyear or two does it?
No.Once the year end result is announced, the market will realise Heartland do not share the Aussie Banks problems [which could include the Auckland property sector,and even the odd dairy farm!!!].
I would expect the odd brighter analysts can already see the difference.
I am off course mindful that Heartland will give us another pleasant surprise before the result is announced late August,either with a great acquisition,or a further credit rating upgrade.
And singing "the piano hass been drrin king ;.... but not meee." hic
know when to hold emm ; no when to fold emmm ehh Rog
love tom waits music
Nice to see a solid first half from UDC.[Owned by ANZ Bank ]
Another very well run,and profitable business in the finance sector.
Always possible?
I think you have to expect the business will see saw between them.
Yet, there seems to be plenty of room for both in this sector.
Both have enjoyed years of success in this sector.
Going from remarks, both are confident of years to come.
I share their confidence.
This paragraph in this article caught my eye
http://www.interest.co.nz/rural-news...on-after-sixth
"The Financial Stability Report was silent on what action would the RBNZ take if it believed the dairying sector was becoming a threat to financial stability. But we think the most likely response is that the RBNZ would require banks to hold a larger capital buffer against their existing agricultural loans, to absorb an expected rise in defaults"
Of course the farmers would be paying for this in higher rates, couldn't expect shareholders to cover that could we.
Then again Heartland is already so over capitalised it won't affect them.