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  1. 25-07-2005, 08:55 PM #111
    rmbbrave
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    Does anyone know why NZF fell 7% today?
    \"The overweening conceit which the greater part of men have of their own abilities [and] their absurd presumption in their own good fortune.\" - <b>Adam Smith</b> - <i>The Wealth of Nations</i>

    The information you have is not the information you want.
    The information you want is not the information you need.
    The information you need is not the information you can obtain.
    The informaton you can obtain costs more than you want to pay.
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  2. 25-07-2005, 09:56 PM #112
    Halebop
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    I don't think they really need a reason at these prices RMBBrave.

    Company is a small cap valued at more than it's last published loan book, some 23 times earnings, holds lending exposures at large proportions of equity. A collective set of attributes not for the faint hearted.
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  3. 25-07-2005, 10:07 PM #113
    badger
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    quote:Originally posted by Halebop

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    , holds lending exposures at large proportions of equity.

    You don't know much about finance companies then Halebop???
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  4. 25-07-2005, 10:11 PM #114
    Halebop
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    Enlighten me.
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  5. 25-07-2005, 10:14 PM #115
    Sky Tower
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    What is there to know, they borrow, they lend they charge too high interest rates, the money goes round and round, and they live happily ever after

    What more is there?
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  6. 25-07-2005, 10:16 PM #116
    badger
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    Finance companies do lend in large proportion to their equity...thats how they, and banks, all operate. You will find that NZF has one of the more conservative lending ratios though.
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  7. 25-07-2005, 10:18 PM #117
    Sky Tower
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    quote:Originally posted by badger

    NZF has one of the more conservative lending ratios though.
    Be specific which lending ratio? to what? and give us some comparisons with other finance companies? trading banks?
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  8. 25-07-2005, 10:20 PM #118
    badger
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    You got it Sky Tower. Thats exactly why you should be an NZF shareholder.
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  9. 25-07-2005, 10:21 PM #119
    Sky Tower
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    i'll keep that in mind. Now answer my OTHER question(s)
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  10. 25-07-2005, 10:22 PM #120
    Sky Tower
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    please
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