No surprise there winner. And you and Beagle think the SP has reached unexplainable heights !!
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No surprise there winner. And you and Beagle think the SP has reached unexplainable heights !!
There would be grounds for optimism if ANZ were forced sellers but I think they will still want a fulsome price if they decide to continue with selling it at all.
They flicked off some funds management thing the other day in Aussie for a couple of billion odd so I doubt they're too worried by this.
Would some kind poster put the correct link to the David Hargreaves article on ANZ/UDC interest ,co,nz article.
www.interest.co.nz/opinion/91502/david-hi
Although my link comes up error if you click onto David Hargreaves photo in the top right corner, the article will come up.
Funding.Would be a "game" changer for both,and intos would want on board.The sp would head north straight away [over $2.50], and a "huge" rights issue would be well supported.HBL would need to raise about 72 cents per share.ie approx. $400mil.
HBL would most probably need ANZ's support for a year or so, to give them time to get bond depositors onboard.
UDC bond depositors who left because of their worries about HNA, would most probably support HBL as a NZ bank owning UDC.
Re percy post - link to interest.co.nz article re UDC
https://www.interest.co.nz/opinion/9...al-institution
Yes cheers w69. Not a lot of other contenders besides kiwibank? At a cheaper price too. The mind boggles at the supersize me that would be created.Maximas merrimas :).
Might be easier if ANZ took out HBL, combined it with UDC.
It would make a very attractive business to purchase.
Thats pretty HEARTless / outLANDish beetills. But would have to consider it @$3.32;)
Disappointed that Jeff not recognised in the New Years Honours list. He deserved one for services to banking. After all he has taken something on its last legs to be one of the most successful bank in NZ. Another time maybe
Good to see ‘diversity’ to the fore with the top Honours this time round. More new Dames than new Knights. That’s good ...maybe Heartland are on the track with their commitment to diversity.