We have to remember the rateing downgrade threatened by S&P. Be careful, but present share price is very good.
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We have to remember the rateing downgrade threatened by S&P. Be careful, but present share price is very good.
hi ham varning hu - ven hit gets to vun tollar und vivty hi vil pe zellink hymn
:)
Mouse.. The S&P notice was a warning.. The TSB and HNZ were mentioned in that warning..
It had very little relevance to the TSB and HNZ workings..
So !!.. Grab that wonderful piece of Cheddar presented to you today.. And scurry back to your warm little nest..
The Gorganzola will come later.. .
by that do you mean the trap will be sprung?
Like I said before Balance, good luck to you investors who got in early. To my mind the most important information going forwards is the quality of the loan exposure and that will not be released until annual result time. If all goes well I will have missed out on a good capital gain here. But what I want to invest in is a boring bank. HNZ is not confirmed as boring enough for me yet!
SNOOPY
I remain baffled by these statements of yours Snoopy.
In last years annual report and also this years half year report I consider that there is plenty of information on loan quality, impairments and write-offs and that one could draw an informed conclusion from that information.
Best Wishes
Paper Tiger
The information I am after PT, is an update on that contained in HNZ annual report Note 32c
"32 Credit risk exposure (continued)
(c) Maximum exposure to credit risk by internal risk grading"
This information is not presented in the half year report. Furthermore the nine categories of loan identified in 32c
Grade 1 - Very Strong, Grade 2 - Strong, Grade 3 - Sound , Grade 4 - Adequate, Grade 5 - Acceptable, Grade 6 - Monitor, Grade 7 - Substandard, Grade 8 - Doubtful, Grade 9 - At risk of loss
are not 'holding pens' for HNZ loans. Those loans can move between categories. I prefer to see where those loans have moved to when the FY2013 report comes out.
SNOOPY
What with a little bit of buying here and with recent share price movements I find that HNZ is now my single biggest NZX holding at 21.73% having overtaken RYM at a mere 20.06%.
Best Wishes
Paper Tiger
When I try to work out the interplay between PGW and Heartland over MARAC's property portfolio my brain starts to hurt.
This commentator does not seem to be impressed;
http://www.interest.co.nz/property/6...property-flesh
Boop boop de do
Marilyn
Everyone's brain started to hurt when they tried to work out the relationship between Heartland and PGC over the non-core property deal.
This held back HNZ as people had concerns as to the true value of the properties,and the deal itself.
The announcement cleared the air.The $24mil hit is a lot less than I thought it would be.HNZ's accounts and profits from now on will be cleaner and easier to understand.
Also the end of the relationship with G.Kerr is seen as very positive.
Shareholders and analysts are impressed.
Our holding [wife and mine] is now 15% of our total holdings.The recent purchase and the increase in SP has taken it from 12%,which I thought was enough in one company.
As I am very comfortable with HNZ I will let it run.So I have no intention of buying or selling any shares.
Am looking forward to our HNZ hitting 25% of our total holding by Xmas.Not sure whether it will be this Xmas or next year's? lol.
Ok I am rather more aggressive in my aproach HNZ 48.93% DIL 43.97 SNK 7.11% and gives me the overall % returns I want.
Lots will disagree.
perhaps I might be permitted to point out that your HNZ going from 15 to 25 per cent excludes the other 85 percent from making any advances or could be achieved by losses in the other 85 per cent and HNZ going nowhere- however, having said that I agree with now being more comfortable with HNZ thanks to your inspired commentary on this thread.
Merry Christmas - noel feeling
Majorbarejet
There is no doubt that G Kerr tried to stitch up HNZ with as many Georgie Porkie deals as possible.
I do believe however that the unwinding of RECL represents the final break between HNZ and that shyster.
What it costs HNZ is nothing compared to the credibility and benefits that HNZ obtains from the total severing of links with that plum-in-the-mouth loser.
But life can be a funny thing - Shyster Georgie sold out of HNZ at 52 cents last year. The word'Heartland' must strike at his heart everytime he sees it or reads it?
The commentator seemed to have a rather churlish 'chip on his shoulder' approach. I can't really see what he is complaining about.
HNZ clearly said earlier that if there was a change to how they handled non core assets, it may affect short term profits. There was, and it has l! can't see a problem with that.
Wow and I thought I was very aggressive on HNZ with 34% in HNZ and similar in DIL and RYM combined !
Agree with biker about the article on interest.co.nz. While it is a reasonably good summary, the result and decision by HNZ on how they are dealing with it, including the write downs, should not have come as a surprise to reasonably well informed investors/commentators