Page 666 spooky eh..."the love of money is the root of all evil" 1 Timothy 6:v10 https://www.biblegateway.com/passage...10&version=KJV "Neither a lender nor borrower be" Shakespeare. Hopefully this post helps turn the page lol
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Page 666 spooky eh..."the love of money is the root of all evil" 1 Timothy 6:v10 https://www.biblegateway.com/passage...10&version=KJV "Neither a lender nor borrower be" Shakespeare. Hopefully this post helps turn the page lol
Trust you are selling your sin shares.
I have grown used to living in sin.In fact I rather enjoy it.!
Just wish I was younger to take full advantaged of more sinful pursuits.!..lol.
ps.Trust you do not continue profiting from taking advantage of old people in retirement.Turn the other cheek and sell SUM of them too.
The listed banks on the NZX comprise ANZ, WBC and HBL. ANZ I believe has the largest gross exposure to agriculture. See my post 397 on the ANZ thread.
$19,787m / $186,266m = 10.6% of the loan book (from FY2016 year). But that of course covers all of agriculture, not just dairy.
From my post 9343 on the Heartland thread:
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Industry Group Risk
From reference Note 12c, the greatest 'business group' risk in dollar terms is Agriculture, with $712.072m worth of assets. This represents:
$712.072m/ $3,718.710m = 19% of all loans
This is slightly up on FY2016, when agriculture was
$628.202m/ $3,461.292m = 18% of all loans
These figures are quite high and continue trending in the wrong direction for HY2017. Given that Heartland is nominally a specialist agricultural lender I wouldn't be too concerned. But if agricultural loans go above 20% of the total (or dairy representing about half the agricultural loans above 10%), then I would sound an alarm bell.
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Heartland have already admitted that dairy is around 50% of their rural lending. So the proportion of Heartland loans just in dairy is roughly the same as the proportion of all agricultural loans in ANZ.NZ. Of course you cannot buy shares in ANZ.NZ (the New Zealand bit carved out). You can only buy shares in the whole ANZ bank based out of Australia. And that reduces ANZ shareholder exposure to rural loans in total to well below 10%. My guess is that exposure to dairy on a straight HLB vs ANZ comparison in bank portfolio terms would see Heartland's dairy exposure higher by a factor of three. Of course the ANZ loan portfolio has its own risk factors. But nothing else listed in NZ comes within cooee of Heartland if you want dairy loan exposure.
SNOOPY
At last count I saw ANZ had over $11billion in dairying.
Other big lenders were CBA and BNZ.Not sure about NAB.
So as a % ANZ still leads the field.
KPMG may help you to get your research right.
Rather than try and just compare HBL with ANZ,do the job properly. A half baked effort again.
What's that you say ?, there's something wrong with my ears they don't seem to be working properly :)
https://www.mercury.co.nz/
Have we turned the page yet :)
I keep thinking of you Beagles when I read novels by Martin Walker.
He seems to think they are intelligent.????
Other than that he writes a good book.
Not sure about intelligent but they're VERY good at sniffing out sources of food :)
Suppose share gains provide a source to fund purchases of human food.
Actually...speaking of food...Annual meeting next week, anyone going ? HBL are well renowned for putting on a good spread of snacks and drinks...something to do with their southern roots...southerners good with their hospitality it is said :)
Yes always a very good wine.
Trust this year's agm will be live to watch.With what I save on airfares I may shout myself a nice Shiraz or Sav Blanc,or two.
Their presentations are usually very comprehensive,and outline very clearly where they are headed.
With so much capital raised this year, the very strong organic growth must be set to continue.Last time I spoke to Chris Flood he told me "bad debts" on "open for business" loans were running below budget.Be interesting if this is still the case.Also be interested to see if nim has recovered.Was growing strongly.Watch for comments on Australian "open for business" success/failure.[at present run out of Auckland].
Winner69.
Diversification,or diworsification.?
ANZ were awarded Women's Employer of the year.......share price this year is up 5.35%
HBL, who were luckily not mentioned ,has seen its share price up 27.77%this year./??????????????
Food for thought.?
percy - once again you take things out of context and twist the facts to defend your beloved Heartland
These awards were the Insurance Industry Awards - doubt whether Heartland even entered
While we are on the subject of gender diversity females make up 48% of Heartland's headcount which isn't that much different than ANZ (but ANZ is a higher %age).
percy, I wonder if you even bothered to read the Heartland Annual Report. The Chairman made comment about about improving diversity and they even have formed a diversity commitee. Not doubt he will say something at this years AGM ...and hopefully not look like the buffoon he was when questioned at a recent AGM. Maybe there is hope for old fuddy duddies after all.
You should be proud that the two new directors are big hitters in the diversity space. From the Annual Report -
Vanessa and Ellie are also both strong advocates for promoting diversity, in particular gender diversity. Vanessa is Chair of Global Women in New Zealand, which acts as a catalyst for transformation of the leadership landscape of women in New Zealand, and is a champion of diversity and its positive impact on business performance. Ellie is a member of Chief Executive Women, an Australian organisation focused on increasing women's representation in senior leadership.
I have it good authority that one of Heartlands objectives is to enter and win some of these workplace awards. Great way of promoting the business as well
Food for thought you mentioned. Probably you are too blinkered to broaden your thinking but even a quick skim through this https://www.championsforchange.nz/ might enlighten you (slightly). Vanessa a leading light in that as well.
Know you only winding me up but worthy of discussion
Heartland Board skills matrix
Weakest (OK the ones with the lowest scores) skill areas are
Related industries/Insurance
Customer data CRM
Digital and IT
Liquidity and Funding
hmm - the customer data CRM and Digital and IT seem to the future of the company.
of the 17 skills scored those 2 strategically important ones (?) are where the Board is weakest
$1.98 ?
Definitely over-priced!