Its the cost of their borrowings which is /will/or might become the problem. Borrowing domestically is one way that would ameliorate the problem a bit.
Printable View
I recall two themes were running simultaneously regarding banking license or not
Snoopdog believed they had to wait until 3 years accounts were available, as per RBNZ guidelines.
xerofdog believed they would never get a license whilst the CUR, Kerr, still had his paw in the till.
Snoopdog was foiled by pro-forma accounts being acceptable (I guess)
xerofdog could say he was correct as no license was granted until after the curs inauspicious exit was consumated. We will never know if that was a valid reason or not, but I'll claim it !!
ps with mild amusement I see the CUR is trying to have the 'transparency for PGC' blog shut down.
Master I am making no prediction of doom for HNZ, nor do I predict greatness. I have held PGW for a number of years so I feel that I know that company better than most. I cannot say the same for HNZ. I am a shareholder in HNZ indirectly, because PGW owns a small stake. Hence my interest in HNZ.
All I do know is that there continue to be some difficult property loans on the HNZ loan book and I prefer to wait until the plan to deal with these is clear before investing in HNZ. If HNZ are successful in sorting out these loans there is probably some upside in the share price that I will miss. If they are unsuccessful, then I may join in the cash issue that will be necessary to bail them out. In the meantime I will continue to wait on the sidelines and see what happens.
My message to existing shareholders is not to sell, nor to buy, nor anything to do with any transactions. It is just be careful that you understand the risks attached to those HNZ shares that you own.
SNOOPY
Co-op getting big ideas and advertising, more competition for HNZ?
Best Wishes
Paper Tiger
Seems to be strggling to get past 83c of late - is there still some pesky BOT or other seller who is keeping the price down with their sales