Taking up full allowance and I am overweight already.
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Taking up full allowance and I am overweight already.
I think this is a good time for me to start on my exit strategy. As much as I would like to hold onto these shares and the dividends, I need the money next year so now seems like a good time to start the sell down. Will still hold some though
Any shareholders here who are NOT taking up their rights? Seems as much as a no-brainer as their SPP early this year.
overseas overseas, not just on holiday :-)
You are an Eligible Shareholder if, as at 5.00 pm on the Record Date, you are recorded in
Heartland’s share register as a Shareholder and:
(a)
your address is shown in Heartland’s share register as being in New Zealand or Australia; or
(b)
your address is shown in Heartland’s share register as being in Hong Kong, Singapore, the
United Kingdom or Norway and you are an Institutional Investor,
and you are not in the United States and you are not acting for the account or bene
fit of a
person in the United States.
Hope Heartlands modelling is better than Westpac’s
https://www.interest.co.nz/business/...after-material
This a quite a concerning matter. Westpac have been doing things their way for many years but what’s really bad is the RBNZ did not pick up on it. Pretty shoddy all round. Prudential supervision seems pretty weak, almost non-existent.
Sort of says depositors, creditors and shareholders can’t rely on the information any bank publishes.
Even Heartland could get tainted with this news.
Hello all,
Any idea why HBL is showing has having dropped 30% today? The same drop appears in the iPhone stock app.
Attachment 9279
Theres a blip in the data feed. Its been incorrect in most places today for some oddball reason.
Page 666 spooky eh..."the love of money is the root of all evil" 1 Timothy 6:v10 https://www.biblegateway.com/passage...10&version=KJV "Neither a lender nor borrower be" Shakespeare. Hopefully this post helps turn the page lol
Trust you are selling your sin shares.
I have grown used to living in sin.In fact I rather enjoy it.!
Just wish I was younger to take full advantaged of more sinful pursuits.!..lol.
ps.Trust you do not continue profiting from taking advantage of old people in retirement.Turn the other cheek and sell SUM of them too.
The listed banks on the NZX comprise ANZ, WBC and HBL. ANZ I believe has the largest gross exposure to agriculture. See my post 397 on the ANZ thread.
$19,787m / $186,266m = 10.6% of the loan book (from FY2016 year). But that of course covers all of agriculture, not just dairy.
From my post 9343 on the Heartland thread:
---------
Industry Group Risk
From reference Note 12c, the greatest 'business group' risk in dollar terms is Agriculture, with $712.072m worth of assets. This represents:
$712.072m/ $3,718.710m = 19% of all loans
This is slightly up on FY2016, when agriculture was
$628.202m/ $3,461.292m = 18% of all loans
These figures are quite high and continue trending in the wrong direction for HY2017. Given that Heartland is nominally a specialist agricultural lender I wouldn't be too concerned. But if agricultural loans go above 20% of the total (or dairy representing about half the agricultural loans above 10%), then I would sound an alarm bell.
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Heartland have already admitted that dairy is around 50% of their rural lending. So the proportion of Heartland loans just in dairy is roughly the same as the proportion of all agricultural loans in ANZ.NZ. Of course you cannot buy shares in ANZ.NZ (the New Zealand bit carved out). You can only buy shares in the whole ANZ bank based out of Australia. And that reduces ANZ shareholder exposure to rural loans in total to well below 10%. My guess is that exposure to dairy on a straight HLB vs ANZ comparison in bank portfolio terms would see Heartland's dairy exposure higher by a factor of three. Of course the ANZ loan portfolio has its own risk factors. But nothing else listed in NZ comes within cooee of Heartland if you want dairy loan exposure.
SNOOPY
At last count I saw ANZ had over $11billion in dairying.
Other big lenders were CBA and BNZ.Not sure about NAB.
So as a % ANZ still leads the field.
KPMG may help you to get your research right.
Rather than try and just compare HBL with ANZ,do the job properly. A half baked effort again.
What's that you say ?, there's something wrong with my ears they don't seem to be working properly :)
https://www.mercury.co.nz/
Have we turned the page yet :)