I read Peter's comment differently. He said "change funders" which I take to mean that the so called "mismatch" you have talked about is not unusual. But maybe I'm reading his comment wrong.
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Global Dairy Prices up 2.8%
That’s a good sign ......for the Heartland share price
That should settle the other Beagle's nerves. Maybe HGH is a takeover target ? https://www.stuff.co.nz/business/118...k-market-share
A merger between Kiwi Bank,TSB,SBS and perhaps The Co-Op Bank would make sense.
Can't see HGH being much interested,as they have too many of their own organic growth opportunities.
Kiwibank is 51% owned by NZ Post
NZ Post have no money and lots of it own issues
Kiwibank buying BNZ (or anything) as per that article is nonsense
Here is something not so good. Those residual Dairy farm loans may be difficult to quit. A market update from Keith Woodford
https://keithwoodford.wordpress.com/...nue/#more-2116
"None of the Big Four banks are interested in new dairy lending unless the investor has high equity. The related policy is that all banks now want repayments of principal whereas interest-only loans were the norm for many years. At least two of the Big Four banks are actively trying to reduce their exposure to New Zealand dairying."
Heartland crashing down to $1.84 at the market close, minus 2c for the day!
SNOOPY
Chatting with my client 'Johnny" just before Christmas he told me that he had just sent off a couple of truck loads of mature steers to the works which will result in a record ever price of more than $2,600 per head. He's been farming for more than 40 years and never seen prices that high.
A lot of HGH's lending is livestock finance so that's good.
Not that rosy .............NZ dairy farm sales plummet, prices weaken, despite firm outlook
https://www.nzherald.co.nz/business/...ectid=12295844