sharetrader
Page 2 of 296 FirstFirst 1234561252102 ... LastLast
Results 11 to 20 of 2956
  1. #11
    Member
    Join Date
    Nov 2001
    Location
    Auckland, NZ
    Posts
    116

    Default

    Who do you work for? Goodness gracious me. Ask anyone in the Banker's Assoc about finance coys. The fact that ASB has gone public means it is a LOT worse than it looks, and it has been building up for years.

    Push your barrow somewhere else dude [}].

    PS Not you Lawso.

  2. #12
    Junior Member
    Join Date
    Dec 2002
    Location
    , , New Zealand.
    Posts
    7

    Default

    I don't work - for anyone. I simply invest - very sucessfully so far!!

  3. #13
    Member
    Join Date
    Nov 2001
    Location
    Auckland, NZ
    Posts
    116

    Default

    OK...I mentioned this issue on the FBU thread a month or so ago and was abused so am a bit sensitive about it [:I]

    But it has been made public at last.

  4. #14
    Guest

    Default

    Capitalist and others banks and fund managers have a vested interest in keeping you out of finance company debentures. They want you to invest in managed funds thet gross you less than 2% and if they did not have competition from finance companies what would the banks offer you in interest maybe 0.2% to make their managed funds look good. And they would probally increase mortgage and loan rates by at least 2% due to lack of anywhere else to obtain loan money.

  5. #15
    Junior Member
    Join Date
    Sep 2002
    Location
    Wanganui, , New Zealand.
    Posts
    6

    Default

    Indicators don't look so great for the NBFIs. They need capital to ride out a downturn - and many are too highly geared to do this.
    Even though SCF may have the size a general downturn in the FinServ sector will cause capital flight to something else.
    Wait for the crash, buy when the survivors are recovering.

  6. #16
    Member Snapper's Avatar
    Join Date
    Jun 2002
    Location
    Mt Maunganui New Zealand.
    Posts
    282

    Default

    quote:Originally posted by stormrose

    Indicators don't look so great for the NBFIs. They need capital to ride out a downturn - and many are too highly geared to do this.
    Even though SCF may have the size a general downturn in the FinServ sector will cause capital flight to something else.
    Wait for the crash, buy when the survivors are recovering.
    Agree with that and if there are defaults in the industry then it will probably hurt SCF as far as inflows go. Longer term however it will ensure that the sector is better regulated which will only help a company like SCF. Because of its capital base it could well be in a good position to pick up the pieces from other finance companies which are higher geared.

  7. #17
    Guest

    Default

    Snapper What is so good about South Canterbury Finance last time I read their prospectous which is about $ years ago. I would not look at their secured
    debentures. Please tell me what has changed since then.

  8. #18
    Member Snapper's Avatar
    Join Date
    Jun 2002
    Location
    Mt Maunganui New Zealand.
    Posts
    282

    Default

    Longstanding finance company - been around for ever
    Been through all parts of the business cycle
    Well capitalised
    Stable management
    Good reputation
    Well supported by advisor groups.

    No denying, however, that it doesn't offer the same security as the major banks but it would have to be one of the strongest in the non-bank sector.

  9. #19
    Banned
    Join Date
    Feb 2005
    Location
    Brisbane, , Australia.
    Posts
    76

    Default

    If you are after good interest rates put your share of money that u want to put into fixed interest in to a reputed overseas bank. This way you get good interest on the money as you dont pay tax on interest.

  10. #20
    Guest

    Default

    Snapper Whats New that was what was said four years ago but prospectous detailed some of the things it was lending on and this raised alarm bells with me so what exactly is new. Your statement would cover over 90% of finance companies. Can you come up with any concrete changes or other reasons why this is a finance company to invest in or with.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •