Microchip is sort of digital
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Good for HBL outlook - homeowners will continue to borrow
just says guidance should mention $70m plus
From interest.co.nz
ANZ CONSUMER CONFIDENCE
The ANZ-Roy Morgan NZ Consumer Confidence Index released today show the index at 126.2, up from 125.4 last month and well above its average of 119. When adjusted for seasonality, the index rose 2 points to its highest level since July 2014. Consumers are feeling wealthier and a net 38% believe that it is a good time to buy major household items. Perceptions on the economic outlook remain buoyant.
Tim Hunter headline in NBR says''Time to release the TSB hound onto the NZX'''
Another bank listing or just an idea.
Would be a good idea as they have an excellent reputaion.
Would it be a good idea to be a TSB(and SBS) customer prior to a float? Any idea if they would offer free shares to customers(back in UK the old building societies gave 100 shares per customer at time of float, A&L and Halifax)
Would be a great idea... good for investors and great for the NZX... although can't see it happening anytime soon (ie this year), maybe sometime in the next 5 years.
Would likely give HBL, and others more competition.
How about TSB taking over Heartland,which would become their UDC,while TSB carry on with the traditional bank work.
Love it how fast Jeff and his team work
Last Monday just considering a debt offer
Week later all signed and sealed including Waivers and underway
Shareholders won't be tempted though - better off owning the bank then lending to them
https://www.nzx.com/files/attachments/263797.pdf
Certainly Jeff and the team are very fast on their feet.
$100mil with the right to accept a further $50mil in over subsriptions is pleasing, and will delay them having to raise more capital from shareholders.
And yes shareholder owners will be more than happy owing the bank,while others will welcome lending to the bank.