Hey......
Stop taking the Pisss outa Rata trees
BB
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Where is the snoop dog, haven't seen any activity from his acutely sensitive snout sniffing out problems lately ? That must mean that we're all hunky dory for setting sail northwards for $1.60 by year end then :)
Only up 4 cents today................not very good, really!!
Will have another look at HNZ at some point. The real problem I had with HNZ was the capital ratio requirements, since eased, by the Reserve Bank. So no need to watch the HNZ ball so closely at the moment. Have thrown my own NZ finance hand in with TNR (was DPC). Nothing wrong with HNZ now. Nevertheless I think from here on in, TNR will prove a better investment than HNZ, particularly for TNR bondholders. But I didn't want to upset the HNZ faithful by saying so - oh heck, I just did!
SNOOPY
The on going Credit Ratings up grades for Heartland, and The Reserve Bank lowering Heartland's capital ratios, are just further proof of how wrong your Heartland posts were.
I would however agree with you that TNR's is a fine company,and an investment with a great future under Paul Bynres's very capable guidance .
I hold both HNZ and TNR.
A cloud on the Golden horizon?? Maybe.........maybe Not??
http://www.stuff.co.nz/business/mone...erse-mortgages
I think it is a positive if the RB takes interest in this form of lending and applies appropriate controls on it early. NZ does not want any cowboys to enter this market. It is and will be a very controversial method of lending and many families in line for inheritance from their parents will not like it.
I think it is a great way to allow asset rich cash poor older people to enjoy their sunset years using their hard earned assets. It will only ever be used by a fairly small proportion of older people that prefer to stay in their homes rather than go to retirement homes.