Certainly would.!!!
I need a good bit of cash to help one of my daughters out,so that is why I did not take DRP.
Pierre.We remain "well positioned."!!..lol.
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Hope that Heartland's (and other NZ banks)sympathetic 'support' of troubled dairy farmers isn't anything like this GRG group that the RBS ran
https://www.buzzfeed.com/heidiblake/...R7W#.nipaPkKV9
Totally irrelevant but an intriguing story
Even more irrelevant to Heatrland Bank(i hope)
My oldest brother was a senior manager at Nat West at the time RBS bought them out.
He couldnt ignore what RBS were doing and telling him to do.
People can be so easily encouraged to take loans when offered.
He got out just before the crash with a good retirement/redundancy package and sold all his RBS shares.
My youngest brother didnt sell.
The oldest is having a lovely life-doing as he wants always in summer climes-6 months northern hemisphere and 6 months southern every year.
The youngest is stuck in the uk-no longer in the bank-and scraping.
Wisdom comes with age and experience.
Timing is everything.
We need to watch the type of lending Heartland Bank is doing.
Insider knowledge can be very useful and should never be ignored
https://www.nzx.com/companies/HBL/announcements/290626
Very nice to see, although not surprising for me.
Should at least provide strong support during these volatile times
if they make a significant aquisition then would the credit rating go up or down.
If they made an acquisition of something that had a lower credit rating, I would expect the credit rating to go down... if they made an acquisition of something that had a higher credit rating, then I would expect the credit rating to go up.
If they brought UDC, I believe the credit rating would not change as although UDC have a higher credit rating, this is mainly due to the fact ANZ own them... (although on second thought maybe go up a notch)
I believe HBL is deserving of a slightly higher credit rating, what do others think?
Sounds like baloney Percy as a banker any company would crawl over glass to obtain a higher credit rating if anything to obtain a higher level of respectability. The BBB rating shared by the likes of bank of baroda(nz), co op and SBS.