FPF will merge or takeover HNZ.
You read it here first.
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FPF will merge or takeover HNZ.
You read it here first.
See that Haier is adding 100 new jobs to R&D, design team at FPA?
Sadly, hardly any coverage about that from the media.
Only the xenophobic reaction seems to get coverage?
I guess Haier will have the right people in place to manage the media when HNZ becomes FPF Bank?
Warehouse would have to be a potential buyer for FPF. They've just bough Noel leeming and have their own credit card. Might be issues with Farmers as they would want Warehouse running their finance scheme.
Plus what about GE - they would love to add it to their book.
I have also heard the same rumblings.
Haier bought FPA for its intellectual property and originally thought they would sell FPF. They have now realised that the finance business model is a key piece of intellectual property. They hope to take the model and replicate it in China.
So HNZ may just have to build their business the hard way, organically.
IF anybody buys FPF,it will be someone with deep pockets,not heartland.
Anyway if it's such a great asset why would anybody in their right mind sell it.
Stop speculating cos it's usually wrong imop.
What I was told at a function, after a few drinks, is that Haier is extremely pleased with their FPA investment and FPF has proven to be a huge positive surprise for them.
So now, they are looking to expand rather than sell.
And boyo, they have serious cash to do so!
We all know the world ain't fixed yet ... Banks are still under capitalised ...even hnz
John Kay sensible esteemed economist market commentator refers to Anat Admati and Martin Hellwig who reckon banks need more capital – lots more capital, not minimal provision based on a pseudoscientific calculation of risk-weighted assets.......before he concluded that the only safe bank is one with more capital than it could possibly require. Like banks of old.
And that means more an equity ratio of 14%
Prob most reckon this is load of old crock because these times a different eh but have a read ...it is short
http://www.johnkay.com/2013/04/03/8901