Good post Roger, your shared experience is much appreciated by this ex HNZ holder. There are better investments at the mo'.
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HNZ / ANNOUNCEMENTS
Fitch Affirms Credit Rating for Heartland Bank
8:57am, 16 Oct 2015 | CREDIT
NZX Release
Fitch Affirms Credit Rating for Heartland Bank
16 October 2015
Heartland New Zealand Limited (Heartland) (NZX: HNZ) is pleased to announce that Fitch Australia Pty Ltd (Fitch) has affirmed its long term issuer credit rating on Heartland subsidiary Heartland Bank Limited (Bank) of ‘BBB’ outlook stable. The full report from Fitch is attached.
The Fitch report notes the Bank’s continuing improvements to its risk management practices and its simple and transparent business model which provides the Bank with pricing power in its target markets. Fitch expects the Bank’s “core asset quality to remain sound, benefiting from continued improvement in underwriting standards and good economic conditions”. Fitch notes its expectation that New Zealand’s economic growth will continue, albeit at a slower pace than the last two years.
Heartland is pleased with the report and the affirmation of the Bank’s ‘stable’ outlook which reflects Fitch’s view that the Bank is likely to continue its solid performance over the next 12 to 24 months.
Still tracking the long term trend
That short period of excitement was really irrational - but bonus time for some who took advantage of the opportunity
So 140 soon and then 160 and the .... who knows
Whoops.Missed the thread on it.May have helped the s/p strength.Not big on ratings agencies ; however this is a good read.
"Today is the tomorrow you worried about yesterday"
I'm v humbled that you consider my opinion so important. I've never claimed to by a guru….but perhaps you should scan PAY up 181% since Jan, TIL up 166%, ATM up 27.5% EBO up 46.4% NZR up 56.11%, even BLT up 31.58%. (Disc four of these in my humble portfolio) 'Nuff said methinks.
Thanks but I'm no threat to Moosey. On Jan 14 in post #238 (on the 2015 stock pick thread) I posted, "Just returned from an extended holiday and have missed placing my entry. However I plan to piggy back on XROF's entry as his/her picks are the same as mine."
So currently sitting #81 with 9.71% YTD along with XROF, and now heading out to enjoy the long weekend.
Egos really shouldn't come into this,its not a nice trait.
I just wanted to offer my support seeing as your original comment was in response to me expressing my opinion on HNZ. I think you handled yourself extremely well and brought a great deal of credit upon yourself so please allow me to offer you a little tip in return. Never hurts to take a little cream off the top of a tasty cappuccino just in case its got a little too frothy..hope you catch my drift with two of those top performers of your's. All the best mate.