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Originally Posted by Bjauck
. It is shameful that so much of NZ's banking business is overseas owned. All that residential property mortgage business providing profits for Australian shareholders! Those big Aussie owned banks were among the biggest beneficiaries of the debt-fuelled NZ preference for investing in housing/land as opposed to shares?
Disc: HGH shareholder
Correct. That's why I have a good chunk of my investments in ANZ and WBC. Not particularly tax-effective but good returns for many years, so far!
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Its just a fact that in so many ways, wether by circumstances beyond our ability to manage or incompetence, I'm not sure which, we appear as a nation to be financially flawed. Our banking ownership appears to be a classic example of this.
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Originally Posted by macduffy
Correct. That's why I have a good chunk of my investments in ANZ and WBC. Not particularly tax-effective but good returns for many years, so far!
You may have owned the big Aussies for decades. However a family member has owned ANZ shares for some time. They reckoned that over the past 10 years the return was about 5%pa or about the same as for a rolled over 5 year term deposit - and lower than the the return from the NZX50 index. I am not sure about Westpac but it could be about the same?
So if ANZ - NZ subsidiary is a jewel in their portfolio, it was a shame for NZ investors when Lloyds flogged the National Bank to ANZ. Who knows, an independent NZ owned and listed National Bank may now have been in the running to acquire Westpac NZ....
If only tax and investment reform had occurred earlier by someone with a more precise knife rather than Ardern's hatchet!
Last edited by Bjauck; 27-03-2021 at 04:21 PM.
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Originally Posted by Greekwatchdog
I would like to see a consortium of Kiwibank lead with ACC and Super Fund to buy. I wonder if they had the $10b between them...
Be careful what you wish for.
New Zealand has a long history of New Zealanders no being very good at running banks.
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Originally Posted by GTM 3442
Be careful what you wish for.
New Zealand has a long history of New Zealanders no being very good at running banks.
Exactly. whats our problem.
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Some good news for holders of banking stocks.
I am one of them.
http://nzx-prod-s7fsd7f98s.s3-websit...545/345231.pdf
Nice to have a dividend again.
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Historical dividends
Code |
Ex Dividend |
Period |
Amount |
Supp. |
Imputation |
Payable |
Currency |
WBC |
11 Nov 2020 |
Final |
31.000c |
0.000c |
0.000c |
18 Dec 2020 |
AUD |
Should see the final increase again as well.
Might see ANZ outperform with a much increased Div as well.
As stated below bytim23.. result and dividend announcement.
http://nzx-prod-s7fsd7f98s.s3-websit...544/345230.pdf
Last edited by Waltzing; 03-05-2021 at 08:25 PM.
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Originally Posted by Waltzingironmansinlgescul
Historical dividendsCode |
Ex Dividend |
Period |
Amount |
Supp. |
Imputation |
Payable |
Currency |
WBC |
11 Nov 2020 |
Final |
31.000c |
0.000c |
0.000c |
18 Dec 2020 |
AUD
|
Should see the final increase again as well.
Might see ANZ outperform with a much increased Div as well.
58c divvy announced
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Originally Posted by tim23
58c divvy announced
Correction A 56c
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No where to hide from the inflation beast, except in a bank.
98% profit upgrade for the NZ division. its a shame about the lack of imputation.
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