A Giant Leap Sideways for Crabkind
Quote:
Originally Posted by
Snoopy
I wouldn't have too many concerns about having Heartland as part of retirement portfolio. Indeed I may yet buy some HNZ for myself for purely that reason. My concern would be for those who drastically overweight their portfolio in HNZ shares under the assumption it is an absolutely sure thing. It isn't.
SNOOPY
It is good to see your stance on HNZ becoming a little more reasonable Snoopy.
Now you have started throwing around this $218m (originally an un-transposed $281m) of 'planned extra funding' and calling it a 'stretch' and generally giving the impression that this is a necessary but difficult thing to achieve, suggesting the disappearance of most of the companies equity and other doom and gloom.
But...
As your favourite Note 38 itself says:
"The below does not reflect a forward looking view of how the Group expects actual financial assets and liabilities to perform in the future, as it does not include new lending and borrowing."
You can probably understand that I am a bit perplexed by your assertion on this one.
Just how did you manage to jump to this conclusion, Snoopy?
HNZ is doing well and their loan/borrowing balance is not a problem for the foreseeable future.
Best Wishes
Paper Tiger
Good sarcasm went to waste
Quote:
Originally Posted by
Snoopy
...You imply PT, that Heartland will be able to reduce lending and/or the debenture money taken on board to match the cashflows desired...
Actually what I implied was that you have completely failed to understand the information in the 'expected maturity profile' part of Note 38, and this despite that they explain what the data represents.
Your assertion is based on the misunderstanding of the data and has no validity at all.
You need to understand how banking works before making such extrapolations, then you will spot the nonsense yourself before posting.
Best Wishes
Paper Tiger