Heartland Bank reported the biggest loan book growth, with a 4.1% quarterly increase to $2.25 billion, for an annual gain of 16%.
http://www.nbr.co.nz/article/nz-bank...rgins-b-175570
Printable View
Heartland Bank reported the biggest loan book growth, with a 4.1% quarterly increase to $2.25 billion, for an annual gain of 16%.
http://www.nbr.co.nz/article/nz-bank...rgins-b-175570
Good idea. You are both just off the hook . AIR and HNZ have uncannily similar charts with both just clawing their way above the 200 dma.
A bit different.
AIR sp at $2.59 has moved ahead of its 200 day EMA [$2.56] but not its 50 day EMA [$2.66].
HNZ sp $1.25 has moved ahead of its 200 day EMA[$1.20] and its 50 day EMA [$1.24].
What this proves to me is the importance of the 200 day EMA, and also how important it is to give the sp a few days to confirm whether it is "break out" or "fake out".
I do admit to thinking "the market" was nuts when both looked to break the 200day EMA,but I do remember those famous words of Buffetts';
"markets can remain wrong longer than you can remain solvent."
From page one this thread has been toxic.
Post #4 ..01/06/2011."seems the silk purse remains a sow's ear."
No banking licence.
Legacy property loans will not be realised for what HNZ think.
HNZ will need to raise capital.
HNZ are not in a position to pay a dividend.
Every dairy farmer in NZ is up to their eyeballs to HNZ.Only banker to lend to this sector.
HNZ are financing cars to people who will never be able to pay the interest or the principal.
HNZ should make $59mil this year.
HNZ are puling the wool over our eyes with their low projections.
HNZ should have done more acquisitions.
HNZ should not have brought the REL business.
So Roger you may understand why I am a bit tired of toxic.
Speaking of toxic the latest dairy price auction is a shocker:eek2:
The link to this has already been posted on the correct thread.
Offmarket Discussions.Cows in calf etc.
You may find my post #19 on that thread interesting,as you can see who has been swimming without trunks on, as the tide goes out.
http://www.nzherald.co.nz/business/n...ectid=11481405
methinks HNZ will inevitably write off bad debt related to dairy sector in coming year. oops, post in wrong place.
Dairy prices contine to tumble, recession to hit heartland New Zealand
That's what I heard n the radio this morning
Must affect Heartland sometime, even if it is the downstream impacts
Most probably open up opportunities for Heartland, as the Australian Banks grapple with their huge NZ rural sector exposure.;
ANZ,$11.3 billion as @ 31-03-2015.
CBA has grown rural lending 10.3% in the year ended 31-03-2015,of which 73% is to dairy farms.
BNZ's agriculture exposure is $12.7 billion,of which 62% is the dairy sector.
I did post these figures on;Off Market Discussions.Cows etc yesterday.