Maybe they could buy Kiwi Bank and do it through that branch network.?..
From what posters say no body would mind or care if they did .!??????????
I think Kiwis would snuggle up to Panda Bear Bank.
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It's amazing how long this share has been stuck between $1.47 and $1.55. Even when the nzx got smashed in Q4 it was stable, EXCEPT when Donald trump won the election and it dropped down to $1.34 for that one afternoon!!! God that day would of been amazing buying. Instant return on investment the next day lol.
Bit like buying a car.
Those without an engine come a little cheaper.
No network,not a goer.
What you can quarantee is the ANZ will want to distance themselves from it.
Gone and soon forgotten.
UDC switched from being owned by one foreign company to another even more foreign company....Situation normal snafu. Presumably they think it will provide a return. Probably not the end of the World for them if it slowly winds down -worth a gamble for them, maybe HBL will get it cheaper in a few years time?
Getting a bit away from HBL here but the Chinese group is a big conglomerate - check out their airline and tourism interests - with an operation in Sydney. Perhaps it signals a desire to expand its finance business in this part of the world? if so, HBL shareholders may get that takeover offer!
According to Yahoo, HBL has shown the following returns,which do not include dividends.
1 year 16.15%
2 year 34.82%
5 year 221.28%
NZX says 23% for last 52 weeks https://www.nzx.com/markets/NZSX/securities/HBL