Percy, you seem this before
https://vimeo.com/119552742?e=SWilso...5031&u=5572505
Is also linked from heartland website and labelled as NEW
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Percy, you seem this before
https://vimeo.com/119552742?e=SWilso...5031&u=5572505
Is also linked from heartland website and labelled as NEW
Last presentation had this as a strategic priority - "Focus on Sharemilkers enabling young NZ farmers commence dairy farming business"
Last accounts nearly 1/2 billion of exposure to agriculture. Outside of households/consumer the biggest portion of their loans, by far
With major concerns over the cash flows of dairy farmers with much reduced milk payments do we have a problem on our hand? Esp when Fed Farmers say it is the share milkers (and the young ones) that are at most risk.
Who are Heartland focusing on? Hmmmm
Jeff on EdisonTV. They obviously been to Heartland HQ
Maybe an upcoming Edison report and valuation coming up
Great news - if Edison true to form that will be $1.60 to $2.00
Pure conjecture but if true hopefully not a cynical bid to give the share price a boost
Yes Heartland will be working with sharemilkers while they work their way through difficult times.It will be in no ones interest for sharemilkers to "walk away."
Sharemilkers make up part of Heartland's agriculture exposure.A sharemilker's income comes totally from sharemilking,so it is very important that all parties work together carefully.Heartland have the opportunity to prove to these young farmers, that Heartland Bank cares for them,and make them customers for life.
Heartland's agriculture loans cover livestock ;sheep,cattle,etc] seasonal loans [crops,fruit,vegetables etc] ,equipment,and land,so I do not know how large the exposure to sharemilkers is.
It won't be just the sharemilkers who suffer, there is a lot of downstream farming activity directly related to dairy farm activity, run off farms, maize growers, silage growers, contractors and so on and on, Blockhead is normally doing 3-4 days a week working part time for a contractor here in Canterbury,....no work since Anzac day !
Chq books have been put under the mattress
If sharemilkers are cash strapped I'm sure they will require more loans for working capital - surely good for the banks.... (Banks are shops that sell debt?) As long as long term the milk price recovers and profitability increases (the low payout only lasts 1, 2 or 3 seasons. And it really depends on cost of production which is hugely variable between farms.
Winner, there is a taint to your recent posts on HNZ that suggests you are no longer a true believer. But this is nothing that a bit of re-education won't fix. The answer to your troubles is '4886', the universal answer. I am surprised that you have not memorized this thread post from PT which should allay any HNZ fears into the future.
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Histories are always written from a particular view-point usually to prove that particular view-point.
For the future:
There is ALWAYS Risk.
Much of it can be understood and quantified.
But there is always a possibility of a flock of Black Swans flying by and pooping on you.
Best Wishes
Paper Tiger
Disc: Still like the Risk/Reward ratio for HNZ - but that is just one view-point.
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We all know the new 'Heartland' of New Zealand is Auckland. That is why Heartland have moved their headquarters there. The rural stench is no longer a problem up there, and the ventilation gets even better at the top of a glass tower. And when did you last see a black swan in New Zealand?
SNOOPY
P.S. If you don't mind me quoting your own advice back to you: "Believe the story"
3 story building at 35 Teed Street,Newmarket could never be called a "glass tower."
The lack of Black Swans in NZ, I put down to Blockhead and his mates shooting them.