c'mon percy - some want you to cool it with your ongoing put downs of snoops
are you that awesome? oops forgot you are, sorry mate
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Must be some good Qtrlys coming out for percy.
:t_up:Images for scrooge mcduck diving into gold
Thanks Jtree,
We are all hoping for a share of Scrooge's loot.
He who laughs last laughs longest!! We can't tell what the future brings. I am a shareholder of this company, but keeping cautious is great after losing a substantial amount of money on Wynyard. Yes Wynyard was a speculative stock, but had I listened I could have saved myself thousands. Thanks both Snoopy and Percy.
Closed July at an all time record high of $1.82. Yippee ! My 2 cents is those that have done their research and due diligence and have held have received their just rewards and those that haven't understood or misconstrued the situation even taking into account all the valuable posts and insights shared on here have missed out so the principle's of natural justice have played out fairly nicely in my view. All posters views are valuable and no need to squabble, all seems a fair and reasonable outcome to me.
P.S. Sometimes, and this is a good example in my opinion, its refreshing to have a new page for a thread.
Some simple TA and active capital management has done a great deal better than acting on three years of conflicting views here.
Trouble is that frequent posters, be they advocates or detractors never post in real-time what they're actually doing on the market. So while it is helpful and interesting to hear various views, this place is no help for the hapless and often unhelpful synthesising all those messages into a coherent trading strategy.
At the end of the day it's all down to individual choice, and the chatter here is interesting and informative, but it is no substitute for ones own research and taking personal responsibility for their trading or investment decisions.
Tomorrow there could be world war three, or a global fiscal calamity and all the blow hard up themselves commentators on numerous share threads will be proven inept unless they sell, which if they do they won't disclose here for weeks or months later, because it takes time to formulate a contrary reason for buying or holding, then for selling when for months or years one has been an advocate pumping the stock.
Lots of reputation goes down the toilet quickly when the smelly stuff hits the fan and all the big mouths simultaneously stop talking, until they figure it out and come back with their bravery stories that saved them from certain fiscal death.
Or it could all romp on in benign economic circumstances and make the noisy few look like gurus, for the meantime.
The further away from the last painful experience that we get, the more emboldened and self assured we become, until one day when we least expect it we experience and have to re-learn the lessons that we thought we had learnt a long time ago.
Two-bit finance companies dressed up in banking drag will be not only the first to be slaughtered, they will also be the deepest cut.
Heartland is a great share right now, sort of like the pied piper with many happy followers. It is however also best owned by those who have the skills to move very very quickly when circumstances change, which they inevitably will regardless of the underlying FA.
Six years.
This thread was started on 01-06-2011.And was the follow on from BSH thread.
I also agree with your comments,and feel they are appropriate for all list companies,and all sharemarkets.
As Warren Buffett said :"Only when the tide goes out do you discover who's been swimming naked."
Baa Baa The thrust of your post is to suggest risk is everywhere and anything can happen and you allude to the fact that HBL is a two bit finance company dressed up as a bank.
I agree with the first assertion which is why I take an active approach to risk mitigation and am prepared to sit out (permanently or for years) from holding a stock in times of high risk, (sat out the dairy crisis for over 2 years on this stock for example).
I disagree strongly with the two bit finance company comment. Their capital ratio to the best of my knowledge is superior to all the Australian banks and I think you'll find that those grannies and orphans who continue to predominantly invest in term deposits are taking FAR more risk than they realise with the RBNZ's powers under the open banking resolution. They could easily get a haircut of 30-40% or even more in the event of a major exogenous shock to the banking system.
You infer that the Australian banks would be much stronger in a tremendous shock situation. I suggest you consider the state of the Australian and New Zealand housing markets and mining companies in Australia and look at the capital ratio of those banks. Just as much risk there as in any other bank in my opinion and on a skinnier capital base.
As Percy quite correctly alluded too yesterday, the N.Z. imputation system and no meaningful imputation credits on Australian banks makes HBL a compelling investment in this sector for Kiwi's as does its superior earnings growth rate.
P.S. Some posters post in real time what they're doing some of the time, for example I posted the other day I was BBB (Beagle busy buying) HBL in real time while I was doing it.
A year or two ago I pointed out Australian banks faced the following issues which Heartland Bank did not.
Potential wholesale funding.
Slow down in mining.
Slow down in manufacturing particulary the motor assembly sector.
Slow down in retail,with many small towns seeing store closures.
Over exposure to housing market,both in Australia and NZ.
Large exposure to NZ dairying.
Issues closing unprofitable branches.
Need for more capital that would slow down eps growth.
I pointed out Heartland Bank faced none of these issues.
I therefore would think the Australian banks may be best left to Australian investors.
agree and note Australian investors are able to take advantage of Australian franking credits while generally Kiwi's cannot.Quote:
I therefore would think the Australian banks may be best left to Australian investors.
Yes John key accepting his award from Aus is an insult to us all.
Australia offers NZers a special category visa. An easy entry option that it gives to no other country. Nobody forces Kiwis to go to Oz on those terms.
When unemployment is is high in NZ, I wonder how many governments have been pleased to have the backdoor to Oz? Why shouldn't the NZ govt contribute to social welfare needs of Special category visa Kiwis in Oz?
Agree...many of their policies are now iniquitous and the spirit of so called closer economic relations is adhered too in a most disingenuous manner in many respects.
Wish the N.Z. pollies would grow a spine and do something about it but in the meantime I am doing what I can and shifting most of my banking business to the TRUE Bank of New Zealand, Heartland.
I didn't say Oz treated Kiwis as well as we treat Aussies!
Nz needs Australian commercial investment more than vice-versa. (Kiwis put so much of their money into housing!)
Many more Kiwis go to Australia than vice-versa (Although recently it has been more equal) and for kiwi politicians Oz can act as a valve when policies Fail! .