Aaaand HNZ up almost 1%…
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I think I feel the winds of change.
Going the opposite direction so far today -or is just flexing the rubber band before it lets go and rushes towards $1.60+ ?
I have posted a reply on PGW thread.
What we must remember is PGW's total business is in the rural sector,while the rural sector is only a part of HNZ's.A very important part yes.Of HNZ rural sector business dairy sector makes up only a part of their lending.It is secured lending, with guarantees.
In post # 5583 I have pointed out which banks have the largest exposure.
I hold quite a few shares in Bank of America(BAC). Nearly everything I read indicates that when interest rates increase later in the year, BAC should do really well. I hope this is correct. I also have quite a few HNZ shares. In fact it is my biggest NZ holding. I am thinking that the lower interest rate environment that we are moving into is going to negatively impact HNZ over the next 12-18 months. I will continue to hold....although looking back should perhaps have lightened up a bit when they were around $1.40. Note: Also have some PGW.