decisions decisions.....anybody have any thoughts on whether you would be a buyer here or a seller ?
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decisions decisions.....anybody have any thoughts on whether you would be a buyer here or a seller ?
I would have thought there maybe some up side to this outfit, eg recent info plus a looming bank licence. Good luck with your decision corlemar.
This week's Market News at www.chrislee.co.nz is interesting.Kevin Gloag has written a peice on last week's HNZ agm which he attended.
Very different from the trash The Press served up.!!!!
I missed catching up with an old friend at HNZ agm.We decided to send each other our report of the agm.From my friend's report;Bank licence,Bruce Irving was ABSOLUTELY CONFIDENT about it, so sure that just the formalities remain,and he would have learnt to be cautious and conservative ! He'd have to resign if they miss out now,and I would be very surprised if he left himself open to that
You are spot on about The Press coverage........ very negative and covered irrelevant material....... shows how important it is to go to these meetings.
HNZ
17/12/2012 09:08
GENERAL
REL: 0908 HRS Heartland New Zealand Limited
GENERAL: HNZ: Bank Registration Successful
NZX Release
BANK REGISTRATION SUCCESSFUL
17 December 2012
Heartland New Zealand Limited (HNZ) (NZX:HNZ) is pleased to announce that
Heartland Building Society's application for bank registration has been
successful.
The Reserve Bank of New Zealand has registered Heartland Building Society
(Heartland) as a bank, with immediate effect. Heartland, the wholly owned
subsidiary of HNZ, has now achieved its goal of becoming the only New Zealand
operated, controlled and managed banking group, with a parent company listed
on the NZX Main Board.
Chairman Bruce Irvine says "It has been my pleasure to be part of this
Heartland journey, and we can be extremely proud of all that has been
accomplished. I would like to thank our loyal HNZ Shareholders and Heartland
depositors. We look forward to delivering on the promise of being a
successful NZ listed Bank that will support the productive sectors of the New
Zealand economy over the long term."
Chief Executive Jeff Greenslade stated that "Heartland will continue to be
New Zealand focussed and is part of a new breed of banks offering a fresh
approach in two ways. A balanced engagement across the three sectors that
drive prosperity in New Zealand communities - Business, Rural and Households.
Secondly, an emphasis on supporting and funding the productive sector -
meeting the sustainable needs of hard-working New Zealanders and New Zealand.
We recognise that at the same time Heartland, as a bank, needs to retain the
advantages of being small: local and accessible, at all times seeking to be
innovative".
- Ends -
For additional information contact:
Jeff Greenslade
Chief Executive Officer
Heartland New Zealand Limited
And also Congrats to shareholders who held for this very announcement.
Well done all of us too!!!.:t_up:
Hear hear STC, X & JT.
The chief finance man will now be happy .... for a few reasons .... but more so he will now be able to tell the advertsing guys its all on .... spend that money we have set aside to tell the world we are a BANK now
If they do it well the advertising might even have a flow on impact on the share price
An important milestone in Heartland BANK'S "steady as she goes" trudge. It will be interesting to see what/if this achievement has any short-medium term effect on the business. Great news.
Lower borrowing costs in the short term and a takeover target in the medium term. Good work Heartland.
Kiwibank has shown that a niche focus bank can work.
And with feelings running high against the Aussie controlled (and manipulated) trading banks price gouging New Zealanders, there is certainly good scope to leverage off its NZ roots.
It also takes it out of the realm of being just a finance company.
Still seems to be plenty of sellers looking to exit.
Silly people must have lots of Christmas prezzies to pay for :-)
Usual story - there are those who have bought in anticipation of a spike on the banking announcement.
Clearing their trades before the end of year.
Good on them if they make money.
They showed more courage than many who bailed out below 52 cents!
Plenty of upside left though for those who are buying in now.
HNZ is a safer bet now than it has ever been.
Right on.!!! Bring it on!!!!.All of us here are " well positioned" for the share price trajectory.!!!!!!!!!!!!!!!!!
And a very well done to directors and management at HNZ for achieving their objective.Something to be very proud of.For all of us who invest in shares it is pleasing to see a NZ listed bank.
To all sharetraders who hung on and brought more,well done,the fun is about to get seriously good.
Nice Xmas present to us all.
Good to know that Mrs. K1W1GOLD has now a safe kitchen sink..
Think it maybe a while before any decent upward movent is seen .. Every one has already positioned themselves..
Seems a bit mad people selling at the current price, their EPS indicates they are at least worth their NTA value, but likely a lot more now due to the potential growth upside. But hey, I will buy a few more just to get a round number in my portfolio if people are selling :)
Seems like a well run company now coming out of a period of turmoil. The bank registration just confirms this.
When people sell and there seems no real reason they cal it "profit taking"