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19-01-2018, 10:26 AM
#10351
Member
Originally Posted by minimoke
I havent forgotten - which is why I still wont rate him above snake oil merchant
Do you think he should put his own name in his''''never again list'''' ?
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19-01-2018, 11:24 AM
#10352
Originally Posted by beetills
Do you think he should put his own name in his''''never again list'''' ?
Classic.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!......... ........lol.
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19-01-2018, 11:30 AM
#10353
The Australian
ANZ Bank’s UDC Finance operation remains in the crosshairs of suitors, with Heartland Bank and two parties out of Asia in pursuit of the operation, according to sources, after an earlier deal to sell the business to China’s HNA collapsed.
Jeff probably resigned to paying more than he really wants to after being ‘outbid’ last time
In spite of Mr Lee speculates they could get for $600m and change
Last edited by winner69; 19-01-2018 at 11:33 AM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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19-01-2018, 11:37 AM
#10354
Originally Posted by winner69
The Australian
ANZ Bank’s UDC Finance operation remains in the crosshairs of suitors, with Heartland Bank and two parties out of Asia in pursuit of the operation, according to sources, after an earlier deal to sell the business to China’s HNA collapsed.
Jeff probably resigned to paying more than he really wants to after being ‘outbid’ last time
Geoff and the rest of the board may not feel the same way,as they have a great deal of their own wealth on the line.?
With Heartland achieving their own very strong organic growth,the board my see any acquisition having to be eps accretive.
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19-01-2018, 11:40 AM
#10355
I think they're just better off continuing their pretty strong organic growth. Looks like a competitive process with two possible other suitors plus the option of floating it.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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19-01-2018, 11:45 AM
#10356
Member
Originally Posted by winner69
The Australian
ANZ Bank’s UDC Finance operation remains in the crosshairs of suitors, with Heartland Bank and two parties out of Asia in pursuit of the operation, according to sources, after an earlier deal to sell the business to China’s HNA collapsed.
Jeff probably resigned to paying more than he really wants to after being ‘outbid’ last time
In spite of Mr Lee speculates they could get for $600m and change
IMO should Asian interests be the purchasers,investors will continue to abandon the company and i'm also not sure if they will stick with the ship should HBL buy it.Ideal purchaser should have enough to fund its self,maybe an overseas bank not of Asian origin.
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19-01-2018, 12:01 PM
#10357
Originally Posted by Beagle
I think they're just better off continuing their pretty strong organic growth. Looks like a competitive process with two possible other suitors plus the option of floating it.
I wonder about the IPO option. Given the amount of funding required - ANZ has $2b advanced, supposedly - and in the absence of a strong "parent", it's difficult to see an IPO'd UDC with a sufficiently high credit rating to attract the funding required. Anyone care to postulate a scenario?
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19-01-2018, 12:17 PM
#10358
Originally Posted by macduffy
I wonder about the IPO option. Given the amount of funding required - ANZ has $2b advanced, supposedly - and in the absence of a strong "parent", it's difficult to see an IPO'd UDC with a sufficiently high credit rating to attract the funding required. Anyone care to postulate a scenario?
A win win situation for Heartland.
Heartland buy UDC for a reasonable price,and the benefits go to NZ shareholders and customers.
Asian interests buy UDC for a high price,UDC customers and depositors go to Heartland,for no cost to Heartland..
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19-01-2018, 12:23 PM
#10359
Originally Posted by Beagle
I think they're just better off continuing their pretty strong organic growth. Looks like a competitive process with two possible other suitors plus the option of floating it.
Agree. $1.49 this time last year $2.08 today. 39% plus divies..
Don't rock the boat..
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20-01-2018, 08:47 PM
#10360
After the double top fail on 9/1 and breakdown of the steep rising trend line Oct-Jan, this with indicators pointing down and room to follow through, suggests an imminent test of the 50EMA currently 2.02 and possibly minor supports at 1.98-2.00 and solid technical support at 1.86.
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