Axe - TME was in a nice uptrend before it went xd while HNZ is off from $1.42 anyway so hardly in an uptrend now?
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Axe - TME was in a nice uptrend before it went xd while HNZ is off from $1.42 anyway so hardly in an uptrend now?
a correction is natural and healthy - not worrying in the slightest here, just an opportunity to top-up
Disc: happily holding (and buying)
But is it still in uptrend? I still hold
I guess so.
At $8Bn this might have been a step to far for HNZ ?
The Home Equity Release Mortgage Businesses were bought for $87Million
A GE deal would have been huge in comparison. NZ$8.5B.
Happy with what they are doing at the moment. They are my biggest NZ holding.
Cheers
RTM
Not quite complete exit. They are holding on to the commercial lending business.
Their debt consolidation business is ripe for disruption from peer to peer lenders. This may well be the reason they are exiting the business. Have GE said why they are exiting?
I am happy that Heartland are not getting into this. MTF is a far better fit.
That seems to fit with their earlier stated objectives, see http://finance.yahoo.com/news/ge-pla...161320136.html
Totally agree with you about MTF but are they willing dance partners ?
"Bolt-on acquisitions" - couldn't agree more (and Buffett loves bolt-ons). What's the hurry? In 15 years I want HNZ to be part funding my odd (or not so odd) "winter retreats" to Thailand. Plenty of time for them to grow into another Bendigo and Adelaide sized bank.
Looks like ACC has sold out some in the past few days....
Closed at 1.34, not bad for ex div.
For sure! Possibly the best looking chart on the NZX as well. Even if it back tested $1.18 it'd still be an awesome chart and a platform for future SP growth.
Not to mention their 4.5% on-call deposit accounts, there's a $200k+ deposit heading their way on March 31st when it matures from a %&$# awful ANZ rate!!
BAA
Some big volume in the stock today...3.4 million shares changed hands. Chris Lee talking about Kiwibank as a potential suitor for HNZ. AMP, Kiwibank, Bendgo bank, Bank of Queensland, and any other bank can all bugger off as Percy and I are not interested in selling.