Doesn't really matter it has really just been transferred to another government entity . Totally different to Labour paying Toll over the odds for a railway in much need of a significant upgrade.
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Heartland Bank or Kiwibank thread?
It does matter though. Successful, growing banks require regular injections of capital that a govt posting deficits and/or a struggling owner such as NZPost can ill afford without borrowing. ACC and NZSF are in the business of investing and are much better placed to fund the ongoing capital needs of Kiwibank.
Now back to Heartland.
Just for the sake of clarity. I'm not buying and not looking to buy if it goes lower.
http://www.stuff.co.nz/business/7866...in-new-zealand
Not sure if its already been posted... but worth a look...