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27-11-2013, 03:56 PM
#2381
Yes and No
Originally Posted by Xerof
Do the banks still carry a 1 or 2% impairment assumption across their books? this used to be common practise, just for conservatism
others used inventories to do the same thing - its called profit smoothing....not sure if it still goes on
Percy, I'm getting there - have an online high interest bizo account with them now.
It is a a bit more complicated these days, but a lot of loans are stuffed into broad categories and a percentage impairment is applied, the percentage varies by risk category.
Other loans are treated individually and a unique percentage applied for that loan.
Best Wishes
Paper Tiger
Disc: I have no account with HNZ, beaten by the Anti-Money Laundering requirements .
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27-11-2013, 04:01 PM
#2382
Originally Posted by Paper Tiger
Disc: I have no account with HNZ, beaten by the Anti-Money Laundering requirements .
They're a nightmare aren't they. I'm trying to change to a Direct Broking account and along with a list detailing the colour of every pair of underwear I own, audited by a big four and certified by a lawyer, the want to hold my first born child as security.
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27-11-2013, 04:34 PM
#2383
Originally Posted by Paper Tiger
I am SO pleased
Hey, do I ever have some good used shares for you then ...! Thanks. The Westpac business loan portfolio of 22b does nevertheless show that Heartland hasn't entirely got it's business market to itself. Does show it's a good place to be though.
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27-11-2013, 04:48 PM
#2384
PT, thanks for the comment re provision - I thought there were usually some nuts squirrelled away for a cold winter - Snoopdog, please take note!
Percy, thanks for the kind offer, but will have to pass on the drink - I shall endeavour to get along to one or two in 2014 if possible.
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27-11-2013, 05:32 PM
#2385
Member
Originally Posted by Harvey Specter
They're a nightmare aren't they. I'm trying to change to a Direct Broking account and along with a list detailing the colour of every pair of underwear I own, audited by a big four and certified by a lawyer, they want to hold my first born child as security.
Could be a good security to invest in
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27-11-2013, 06:04 PM
#2386
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27-11-2013, 07:31 PM
#2387
Originally Posted by Paper Tiger
Disc: I have no account with HNZ, beaten by the Anti-Money Laundering requirements .
Cheer up PT, you're not alone.
I tried with another bank, but the pain was such that the money went to Luxembourg and Australia instead. Both of which have the added advantage of running deposit insurance/protection/guarantee schemes - unlike the New Zealand compulsory short back'n'sides regime.
New Zealand's amateur-hour compliance culture is truly a wonder to behold.
Last edited by GTM 3442; 27-11-2013 at 07:32 PM.
Reason: spelling
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27-11-2013, 07:43 PM
#2388
Member
OK, not sure whether to post this here or in the SUM thread. I've got a very modest sum to invest in something less speculative than the rest of my portfolio. The two I'm considering are HNZ and SUM but finding it difficult to make a decision. According to posters here, both may be undervalued and by all accounts should hit their strides over the next 2 years. I expect to hold for at least 3 years, and am looking for solid growth and average dividends.
Would really appreciate any insights or advice from more seasoned investors to help me make a decision. Thx
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27-11-2013, 07:48 PM
#2389
Your call and your call only
Originally Posted by Longhaul
OK, not sure whether to post this here or in the SUM thread. I've got a very modest sum to invest in something less speculative than the rest of my portfolio. The two I'm considering are HNZ and SUM but finding it difficult to make a decision. According to posters here, both may be undervalued and by all accounts should hit their strides over the next 2 years. I expect to hold for at least 3 years, and am looking for solid growth and average dividends.
Would really appreciate any insights or advice from more seasoned investors to help me make a decision. Thx
Options:
1) Buy both.
2) If you do not have enough funds for both, sell some speccy stuff and buy both.
3) If not 1) or 2) toss a coin, if you like the answer go with it, if not do the opposite.
Best Wishes
Paper Tiger
Disc: in either or situations I actually do 3) and see how I feel about the 'answer'.
Last edited by Snow Leopard; 27-11-2013 at 07:50 PM.
Reason: spelling atrocious
om mani peme hum
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27-11-2013, 07:59 PM
#2390
Originally Posted by Longhaul
OK, not sure whether to post this here or in the SUM thread. I've got a very modest sum to invest in something less speculative than the rest of my portfolio. The two I'm considering are HNZ and SUM but finding it difficult to make a decision. According to posters here, both may be undervalued and by all accounts should hit their strides over the next 2 years. I expect to hold for at least 3 years, and am looking for solid growth and average dividends.
Would really appreciate any insights or advice from more seasoned investors to help me make a decision. Thx
Both are very fine companies with excellent growth prospects .
I hold both.
You may have to go with Paper Tiger's 3rd option.
Last edited by percy; 27-11-2013 at 08:00 PM.
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