Hahaha, it was always safe.Now she can have a new one and soon a new kitchen as well:p
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The Banking Licence is a big milestone and excellant news for Christmas.
There was an interesting item on Sharechat dated 13th Dec. - "ANZ Bank's UDC Finance unit lifts FY profit by 31% on lending growth."
What I found particularly interesting was that the profit of $37.9 million was achieved on a lending book of over $2 billion. I assume that this is just over the $2b as the article said "UDC's lending book rose 3.5% to over $2 billion"
This is pretty similar to HEARTLAND BANK which has Net Finance Receivables of $2.078 billion.
Surely "THE BANK" should soon be producing a similar result which would make for juicy earnings of 9.75cps ($37.9m divided by the 388,703,975 shares on issue). Currently, HEARTLAND BANK has total assets of $2.65 billion, which would suggest that it has the capacity to substancially improve on this result.
These are my thoughts and I could be quite wrong (but I hope not). :D
IMO the HNZ banking licence is a stake in the ground and good news for Christmas. It isn't a hyperbole event. And it doesn't address any of the underlying issues of running a small finance institution.
How much does UDC lend on farms and to households? Also UDC is a wholly owned subsidiary of the ANZ bank with a credit rating of AA-. The credit rating of Heartland is still BBB-. In short I don't think you should expect Heartland 'whatever' to outperform UDC.Quote:
There was an interesting item on Sharechat dated 13th Dec. - "ANZ Bank's UDC Finance unit lifts FY profit by 31% on lending growth."
What I found particularly interesting was that the profit of $37.9 million was achieved on a lending book of over $2 billion. I assume that this is just over the $2b as the article said "UDC's lending book rose 3.5% to over $2 billion"
This is pretty similar to HEARTLAND BANK which has Net Finance Receivables of $2.078 billion.
Surely "THE BANK" should soon be producing a similar result which would make for juicy earnings of 9.75cps ($37.9m divided by the 388,703,975 shares on issue). Currently, HEARTLAND BANK has total assets of $2.65 billion, which would suggest that it has the capacity to substantially improve on this result.
What has happened today is akin to going out and screwing a 'GT' badge on your car. It won't make your car go any faster. Maybe it might impress some granny peering over your back fence. But she won't be vying to get into your passenger seat. All her dough is done already thanks to the finance sector collapse at the 'Brokenheartland Money Club'.
SNOOPY
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What has happened today is akin to going out and screwing a 'GT' badge on your car. It won't make your car go any faster. Maybe it might impress some granny peering over your back fence. But she won't be vying to get into your passenger seat. All her dough is done already thanks to the finance sector collapse at the 'Brokenheartland Money Club'.
SNOOPY[/QUOTE]
No old ANZ Cortina with a GT badge.Latest model bank tourer with all the bells and whistles.NZ owned bank serving NZ "Heartland".A true throughbred.In fact a good replacement for that National bank one ANZ sent to the pet food factory.
No old ANZ Cortina with a GT badge.Latest model bank tourer with all the bells and whistles.NZ owned bank serving NZ "Heartland".A true throughbred.In fact a good replacement for that National bank one ANZ sent to the pet food factory.[/QUOTE]
Ole Snoopy's string and plywood bi-plane crashed today but thank goodness, he seems ok judging by his mutterings!
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Ole Snoopy's string and plywood bi-plane crashed today but thank goodness, he seems ok judging by his mutterings![/QUOTE]
Heartily agree.!!!!! lol
Agree whole heartedly, STC.
Sharetrader will not be sharetrader without posters like Snoopy who provides critical balance and analysis. Meant sincerely, Snoopy - keep challenging as most tend to be rather myopic when it comes to their favorite stock.
Christmas is approaching so Snoopy will need to get his plane up and flying again to guard us against the red baron?