Didn't AIR NZ sell most of their Virgin shares to them? Air NZ will definitively not want them back! lol.
Talk about a hospital pass... lol.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
They took a stake in Virgin around the time that Air NZ sold to Nanshan Group
"In May Virgin Australia announced Chinese-owned HNA Group would take a 13 per cent stake through the issue of new shares at A30c a share each, raising A$159m"
I dont think Nanshan and HNA are related, but its a complicated web out there............. I dont know for sure
I've been pondering how HBL have gone up so much in SP over the last year and above my target price of $1.65. Their original forcast of 57 - 60 million has not changed significantly and things have seemed to be business as usual. The NZ economy is strong but I'm wondering what has justified such a sharp increase in HBL SP past $1.50 or so especially. Is it just that the market hadn't previously considered HBL but now are starting to believe it's growth story?
I've been pondering how HBL have gone up so much in SP over the last year and above my target price of $1.65. Their original forcast of 57 - 60 million has not changed significantly and things have seemed to be business as usual. The NZ economy is strong but I'm wondering what has justified such a sharp increase in HBL SP past $1.50 or so especially. Is it just that the market hadn't previously considered HBL but now are starting to believe it's growth story?
I have been a SH in this company since it was called Building Society Holdings with a ticker of BSH. Every now ad then since then, I have seen posts worded nearly identical to this one. Meanwhile Percy, myself, Scotty and a few others just remain well positioned
I've been pondering how HBL have gone up so much in SP over the last year and above my target price of $1.65. Their original forcast of 57 - 60 million has not changed significantly and things have seemed to be business as usual. The NZ economy is strong but I'm wondering what has justified such a sharp increase in HBL SP past $1.50 or so especially. Is it just that the market hadn't previously considered HBL but now are starting to believe it's growth story?
I think you answered your own question "the NZ economy is strong " , in good times the banks make a lot of money .....
Originally Posted by Benny1
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