Well I see HNZ at 55cents today.
Charts looking better I hope Hoop.?
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Well I see HNZ at 55cents today.
Charts looking better I hope Hoop.?
Mmmmh how much downside will there be if they don't get the banking license ?
The banking licence.Should they fail I would expect the SP to drop approx 5 cents for a day or two,until HNZ/Reserve Bank give reasons for decline of licence.HNZ would then advise the market what steps they are taking to fix those concerns and give a time-table to when they will re-apply.SP will then readjust.
Granting of licence I would expect the SP to under react for a day or two, then move upwards.[trajactory]
The whole point of the bank licence is for HNZ to pay less for the money it borrows.They do not have any trouble attracting funds at present.In fact they went through Govt guarantee with too much cash.Better with the licence,but not the end of the world without it.
What I find of most importance is the fact they have prepared the company to the stage where they are in the position to apply for the licence.The company must be in great shape for them to take the final step in applying for the licence.
Hopefully the ASB result will flow on to other players in the finance industry including Heartland.
Yeah Percy charts not too bad ..the odd isolated short term sell signal interwoven within the longer term positives. HNZ seems to be having a breather after its previous run up...
That was a strange intraday drop (breaks) the other day... I couldn't figure it out on the day....http://www.easyfreesmileys.com/smile...mileys-304.gif....With hindsight, on the simple chart it's got that "shake out" signature look about it...what ever it was it sure got my attention.
http://i458.photobucket.com/albums/q...NZ15082012.gif
..the odd isolated short term sell signal interwoven within the longer term positives.
Yes I see it the same way;HNZ on a gentle rising trajectory.
$15 million profit a big drop on the $20 to $24 million forecast but the s/p was alot higher too back then.