Where is Percy????????????
Printable View
Where is Percy????????????
A bit hysterical there mouse.He posted this am and i suggest if you need a fix from the big cheese :p,pm him.
Thanks for asking Mouse.
I am still here "loitering with intent",and very much looking forward to HNZ's result on Tuesday.
Sometimes sharetrader can be a distraction,and so I have been spending less time on sharetrader,and more time doing my own research on companies.
Heartland share price looking OK today. Everybody seems happy. Will be a good end to the week I reckon but watch out next week ( or is the week after) when it all action.
Has to get back above that ominous 112 mark that Hoop talks about.
Just checking in while waiting for the man to finish cooking the fish and chips (crumbed tarakihi fillet today as oysters only on Nat Super pay days) and then I'll wander across the road and sit on the beach and enjoy them seeing its a bit warmer today.
http://www.interest.co.nz/news/77085...credit-profile
I think people have a right to know this so will post it in a factual way.
S&P makes quite a significant number of credit rating downgrades on N.Z. financial institutions.
To be clear, Fitch is the only credit rating agency assigned to HNZ after HNZ removed S&P's authority to rate them last year.
What Fitch do in regard to HNZ, if anything, remains to be seen.
I just brought some at $1.12, small parcel, yes it might have been a small premium to what I could have potentially got it for (eg $1.08) but I think it is "a fair price"... looking forward to results this coming tuesday
The agencies do seem to have a tendency to follow each other and seeing Fitch have already made comment on the situation in NZ in the last few months the S&P action might prompt them to be more specific. Anything could happen now.
We just to have wait and see, but no news is good news I suppose.
Roger surprised you are still following these guys . These are the same companies that rated CDO's AAA going into the GFC ....... If these guys were a stock you would be talking them down like there was no tomorrow .
I take them with a grain of salt these days , anybody with their nose to the ground can stay ahead of these guys ......
http://theconversation.com/why-we-sh...-agencies-5482
Well what a week of carnage on the NZX,oh well there's always next week, I didn't want to check my portfolio red arrow tonight because I knew it would have grown to a eye watering size, hopefully a lot of the nervous nellie sellers will settle their nerves over the weekend, a lot of people must be losing heaps by selling at the moment:eek2:
Jeez that was carnage this afternoon ....go out for the afternoon when things were positive an come home and things well, carnage it was.
Can't be crash gaining momentum can it? Some punters obviously not wanting to hold over the weekend.
The man on the radio will prob say profit taking ....that's what he always says on these sort of days.
Its always profit taking even though people are selling for losses, a waste bucket answer for lazy brokers and analysts who cant be bothered looking into things any deeper.
A lot of massive mistakes made in the GFC and the one you've alluded too was undoubtedly one of the biggest. Some companies and organisations learned some very harsh and expensive lessons and are now playing a far more conservative game and S&P is one of them. In terms of staying ahead of them, many will be well aware I've been predicting for some time now Fitch will downgrade HNZ.
Winner, the market certainly has a weaker bias. It's a bit concerning.
Very pertinent stop loss. I remember the cannibal vampire squid (goldman sachs) and the ratings agencies; who can forget; what a team.As for changing their spots,ha. Do you own research on this and don't accept anyones glossy gospel that things are hunky dory.. These guys brought the world to its knees.
The Credit Rating Controversy - Council on Foreign Relations
Credit Rating Agencies: How to Restore Credibility
Rating the Raters - Bloomberg QuickTake