They can try,but the part of Scotland I am from,not even the Jews can make a living!!. lol.
Printable View
Oyvey Percy my son.. Do not be so hard on yourself..
As a special offer to you.. I will take all of your useless HNZ shares at the very good price of..
Hmm..hmm.hmmmmm.. @.... No !!.. @... Hmmm.. Hmmmmmmmm...
My wife will kill me.. Hmm 41 cents... So much better than my Aussie cousin..
I take the bread from my childrens mouth to do it ..
Insert Tui ad..
Belgarion trembles :-))
I know your holding Perc.. you know mine.. Back slapping all around eh !!..
Seems to have stalled at 70c.
Anyone want to guess when the decision on the banking licence will come out?
To bank or not to bank, that is the question..
I have been looking at the deposit rates comparative website as accessed through sharechat.
http://www.depositrates.co.nz/
The 90 day rate at Heartland (rated BBB-) is 4.4% verses 3.25% for the major banks (rated AA-).
This is encouraging if you think what kind of on lending these funds will experience. It means that Heartland must have customers willing to borrow at a higher rate than the major banks. This is what Heartland needs to survive.
A banking licence may reduce borrowing costs in the medium term. But it is not a game breaker for Heartland IMO. What Heartland needs is more customers and more capital. The banking licence I see as a second line bonus.
SNOOPY