Not likely - another contaminated halfbaked kiwi go nowhere stock. Just what we need is another bank. Sorry, sold out at 70 .HAND
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Not likely - another contaminated halfbaked kiwi go nowhere stock. Just what we need is another bank. Sorry, sold out at 70 .HAND
You guys make out that potential divies will do wonders for the share price .... ie dividend intentions is price sensitive?
Do you believe they have not yet made up their mind what to do? Of course not ... they want something to give their ego a boost at the AGM
Somebody mentioned 'leakage of information' .... insiders in an uninformed market in other words ... but some know
Shouldn't they be telling you NOW if they know (seeing you mostly think it is price sensitive info) ...... disclosure and all taht of stuff
But then HNZ will say the BOARD has yet to ratify the policy so they can keep it secret and give themselves a thrill at the AGM .... or maybe the Chairman will make it up on the spot on Friday .... ha ha
That's the way markets work all around the world - it's all about who has access to the best information in the short term.
Often those who make a quick buck on a short term information advantage loses out in the longer term to those who take the infor and load up or bail out.
I think the most critical thing to come out of HNZ's AGM is not the divie but how are they going with their distressed property portfolio.
The underwrite from PGC is gone and from hereon in, any further deterioration will hit their bottom line and brings into question their capital adequacy.
If that were the case the statement from HNZ "HNZ is not aware of any open issues etc" is incorrect.
I just don't see that being so.They were in talks with the Reserve Bank for months before they put in the application.They would not have put it in if there were any "open issues," which capital adequacy certainly is.
Janner I agree with you on this. HNZ has a long way to go to compete with the major banks for customers, at least customers like me (and most Sharetrader members I think), which are customers I think most banks would like. I have so far not seen them make any serious attempt at getting my business (business & private) and it concerns me as a shareholder.
I do 90% of my personal and business banking online and want 98%. HNZ is not up to scratch with any of the "Ozzie banks"on this front. I am still holding but am concerned about this issue and am struggling to see how they are going to grow this part of their business. More car and high interest personal(risky) loans simply do not do it for me !
I don't see them in this space.Maybe they will be like SBS and get Westpac to do a lot of the "back office" work.
Bank,bank licence to me is really to get cheaper funds.Marac, and farm loans via PGW, and machinery/equipment loans and more of what they are doing well at present. More like UDC with a bank licence.Don't see hundreds of branches.They already have a good spread through out the country.
Head honcho numbers man said getting a banking licence was just a marketing ploy .... giving the brand credibility and all that sort of stuff
Cynical approach but good on him for being honest
Do you get dressed to the nines for the ASM .... or seeing a bit chilly in Ashburton today a shirt and the pullover do?
A too see banking licence as a "marketing"ploy,as investors/advisers are more secure investing in a bank, rather than a building society or finance company.
For the AGM thick woolly suit, or for Percy the pullover, as it is very cold down here today.
Usually at these meetings it is well worth looking at the standard of dress,wonderfull good cloth and fine shoes.