I get the impression some of them might be Ale drinkers too , Belgarion..................would'nt know what Chablis is!!
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The same system can be used to artifically ramp up the price of a share. At close of trade, buy enough to push the share up by a cent. So it is difficult to know what is happening. Investors are a bit funny, as in they cannot see what the other chap is doing. So making wrong decisions on the right information.
I'm not so sure this is a transaction which alienates him from the shares - looking at the date of the off-market trade (15 March 2013) it could just be a standard market value on the date transaction to the trust mentioned in the disclosure.
Trust accounting is a weird and wonderful beast and this transaction may not be indicative of an entry price.
Percy wrote on the PGW thread:
>
> I think it is just a case of manners .
> I always apologise when I have been wrong.
> The personal attack was very much against me on HNZ thread.
>
I think someone is mixing up a clash of opinions as a personal attack.
>
> HNZ directors and management told us they were engaging with The Reserve Bank for a banking licence,and it was not too far >away,while Snoopy would not listen,but chose to post that according to Reserve Bank Banking Licence application form it would be 3 >years.One phone call was all it would have taken him to check that out.Analyst ? Come on!
>
Percy, I took the reserve bank website at face value. If they said they required three years of accounts before they could confer a banking licence then who am I not to believe them? The fact that they seemingly ignored their own rules and granted Heartland a banking licence is up to them, and was an unexpected outcome to me. But I don't owe anyone an apology for the reserve bank changing their own rules!
If you want an apology you should ask the reserve bank to apologize to Heartland shareholders for having misleading information on their website.
>
> Much the same with HNZ's equity ratio.Analyst? No.
>
What you conveniently forget to mention Percy is that Heartland while having a satisfactory equity ratio in the strict sense compared to other banks it does not have the other tier one capital that the major banks have. On a full tier one capital comparative basis Heartland does not come out well. They are currently shrinking their loan book which is helping. But Heartland are far from safe from needing new capital. Indeed they will certainly take a hit to their capital if they sell off some more of their troubled loan portfolio at a discount as planned.
Furthermore the seasonal lending favoured by Heartland requires a higher capital ration than the mainstream banks. Another fact you keep forgetting to mention.
Thus the equity issues for Heartland are very much alive. It is head in the sand analysis to claim otherwise IMO
>
>Both of these grave errors of judgement could have influenced any one reading his posts.
>
And I hope they did. The position of Heartland is far more precarious than you claim it is. But I see little point in commenting further until more information is in the public domain. The half year report did not contain the information to make a judgment on how satisfactory the capital position of HNZ is. The full year report will tell the story. Frankly I would not put a dollar of my own investment capital into Heartland until either:
1/ A cash issue is announced
OR
2/ The full year accounts are announced
This always has been and remains my position.
SNOOPY
Just as well heartland BANK is a NZ bank ...like that Coop Bank .....they may need to wind up the NZ thing a bit soon as that other new BANK the Indian one apparently is about to wind up their presence in NZ
Do we overlook the competition ....or find out what they are up to?
Maybe snoops is a bit of both .... a generalist
On other threads (as well as on this thread) he has done both the homework and the balance sheet stuff. The SCT thread is a great example
As part of your homeworkists style do you ever talk to the competitors / suppliers / customers .... you get some interesting insights that way .... and sometimes make you wonder what planet the man in the c-suite is on which is a worry but then on the other hand if the feedback is in line with what the c-suite says maybe the c-suite is being reasonably honest and not just saying the good stuff
I asked my contact at Cooperative Bank what they thought of Heartland .... sorry percy I won't say because you told me off the other day
Why don't you start a Co-Op thread,so as any one who is interested can read about them.
May find yourself back to sending memos to yourself,again.!!! lol.
Coop think Heartland have done quite well and I sense that they have some respect for what they have achieved .... good eh .... and from I gather has/will make them compete more vigorously for retail deposits, esp for those investors who want to stay with NZ owned banks outside of Kiwi
Hope this has not tainted the HNZ thread seeing it so precious
Now, now Percy. That wasn't kind.
Actually, I am a bit worried about banks being so keen on lending on houses and land.
Spain is now rumoured to be planning a capital levy on land to pay for their bale-out. Say a 10% tax on the capital value of property. So that you get caught in the programme of 'helping out.' A country in this case. With problems following.
Plus it is property that made the banks broke recently. Why are banks who loan on property a better risk than those who, like Heartland, who loan on anything?
The ozzie banks are doing well. Hopefully this rubs off on Heartland.
I see that .ANZ doing very well,increasing divie too.
What I am awaiting is ANZ owned UDC's result,as I feel UDC is closer to Heartland than the Aussie banks.
I am also looking forward to a Macquarie Heartland presentation on the 9th May to be given by CEO Jeff Greenslade and CFO Craig Stephen.
Enjoyed a walk "down town" Tauranga this afternoon.
What a lovely place.Felt at home knowing there is a Heartland bank here.!!!!!
Percy, are you there? Or out of reach of the net?
Hope you enjoy the preso
Might be the impetus for the share price eh - like Kathmandu and Jbh took off after a macquaries preso ......then again FBU collapsed
So tell mr jeff to put his best suit on ...brokers love red ties ....have some really good powerpoint stuff with him ....above all else talk positive .....give a real profit figure for this year ....and make sure jeff looks them in the eye and smiles a lot .....no ums and aghs and ooze confidence,
.
Brokers / analysts hate being given the fingers and ignored ....give them a cuddle and they happy
I look forward to your detailed report on the 8th ....and watching the share price rocket to 90 cents.
Better than betting on its a dundeel ......so just for interest sake I going to buy 10 grand of shares on Monday .... And if the divie is better than 1.10 by Friday I cash up .....just like going to the races