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 ?