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15-02-2016, 06:58 PM
#7061
Honestly Percy..I was in St Lukes mall here in Auckland just after new year's and was absolutely amazed at how the Glassons store and Hallenstein's store were pumping. The stores were going off in such a crazy and crowded manner I thought that there must be a celebrity like Taylor Swift doing meet and greet and signing autographs...as it turned out, much to my surprise it meant very little for HLG's results.
Don't worry Winner. Many of us know it takes a lot of time and effort to put together such an informative graph as you did and appreciate your efforts. That correlation which is just as strong as I suspected it was does indeed give quite a useful insight irrespective of whether people wanted it too or not.
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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15-02-2016, 07:07 PM
#7062
The problem with HLG is they have to be located in Malls.
Very little profit left after increased costs of stock because of lower NZ $,higher wage costs, and Mall rents leave little or nothing for the retailer.
To get a better feel for the real economy, which is NZ's back bone ,I find provincial NZ gives the answers.
Last week sales were also higher in Rangiora,North Loburn,Loburn and Woodend, than last year.
ps.Offcourse Heartland Bank have a branch in Rangiora.
Do n't think they would be able to afford St.Lukes' rents.!!
Last edited by percy; 15-02-2016 at 07:09 PM.
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15-02-2016, 08:01 PM
#7063
Last edited by Raz; 15-02-2016 at 08:13 PM.
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15-02-2016, 08:09 PM
#7064
Originally Posted by Raz
Anyone else notice they have taken a couple of hits in the last couple of days in car finance market, lost Suzuki NZ to UDC while Nissan is setting up their own finance servicing company, two hits... what a start to the week..silver lining being no reaction in the share price.
You might want to fact check that post. They lost those back in 2013
No advice here. Just banter. DYOR
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15-02-2016, 08:14 PM
#7065
Originally Posted by noodles
You might want to fact check that post. They lost those back in 2013
Yes you are correct, apologies to all.
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15-02-2016, 08:22 PM
#7066
Originally Posted by noodles
You might want to fact check that post. They lost those back in 2013
Yet Heartland Bank survived and went from strength to strength.
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15-02-2016, 08:35 PM
#7067
Well....they certainly had a great run up until about this time last year. $1.41 was the peak about 12 months ago if I remember correctly. Looking at Winners chart, WMP was aro9und $3.200 a ton a year ago..looking at just over half that now so it can't be dairy farmers that are buying your books Percy.
Last edited by Beagle; 15-02-2016 at 08:40 PM.
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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15-02-2016, 09:03 PM
#7068
Westpac economists now see milk price of just $4.60 in 2017 as another fall in dairy prices looms in this week's auction
http://www.interest.co.nz/rural-news...y-prices-looms
More opportunity for Heartland to do a bit more lending in this sector if Westpac believe their forecast and cut back on dairy lending
Ouch - 3 years in a row of low farm gate prices
When investors are euphoric, they are incapable of recognising euphoria itself
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15-02-2016, 09:45 PM
#7069
The real worry is they've now badly over estimated next season's price twice in a row. Here's what they were forecasting last year http://www.interest.co.nz/rural-news...on-after-sixth $5.20 - $5.75 And the final result maybe $1.50 - $2.00 kg shy of that around as little as $3.75. What next year's price will really be is anyone's guess at this very early stage of the game. With Fonterra's track record of forecasting in the last two years I honestly don't see any point in them issuing a forecast at all. We also now know today that all this is entirely relevant to HBL as there's a strong correlation between HBL's SP and the WMP GDT auction price.
Last edited by Beagle; 15-02-2016 at 09:49 PM.
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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15-02-2016, 10:18 PM
#7070
Its not just price it is also volume, NZ Inc. WMP market share has fallen back in China - we have lost 10% of the China market in the past 12 months, lost entirely to the EU.
If you need forex for investments or play well worth getting into a good position.
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