HGH - Heartland Group Holdings

**percy** · 05-03-2018, 12:47 PM

Originally Posted by Balance

Maybe true but ASX is a market too big and too important to ignore.

NZX is a pipsqueak market with a board and management who reminds one of headless chooks at the best of times - a market which can be ignored.

Unfortunately,too true.

**winner69** · 05-03-2018, 01:06 PM

Originally Posted by percy

You have been told correctly.
Your mate at The Co-Op.?

He left them ...gone to Fisher Funds

**percy** · 05-03-2018, 01:18 PM

Originally Posted by winner69

He left them ...gone to Fisher Funds

Really.?
Your bowling club chums then....................lol.
Or did you ring Jeff.?

**winner69** · 05-03-2018, 01:27 PM

Originally Posted by percy

Really.?
Your bowling club chums then....................lol.
Or did you ring Jeff.?

No ....came from some anonymous know it all on an Internet forum .....but then maybe I shouldn’t believe everything I read on the internet

**BlackPeter** · 05-03-2018, 01:29 PM

Originally Posted by percy

CBL debacle will only put our market on a par with Aussie,after the fun and games they are having with BIG and GSW.

Its just that the ASX has roughly 8 times more listings than the NZX. If their regulatory oversight and governance would be as bad as ours, they would need 8 defaulters for every CBL ...

And CBL is just the most recent example for NZX companies with apparent governance problems, they are certainly not alone - but don't get me started ...

**minimoke** · 05-03-2018, 01:31 PM

Originally Posted by Balance

CBL debacle will be having a flow on negative effect on HBL - overseas investors would be wondering whether RBNZ has what it takes to supervise the financial sector.

Now is the time for very strong statements from the regulators on the state of our financial service industry.

Also wouldn't mind hearing something from HBL to set our minds at ease. Something like the SML statement after ATM announced the deal with

**Balance** · 05-03-2018, 01:36 PM

Originally Posted by minimoke

Now is the time for very strong statements from the regulators on the state of our financial service industry.

Also wouldn't mind hearing something from HBL to set our minds at ease. Something like the SML statement after ATM announced the deal with

NBR headline "FMA knew of CBL probe in August". Says it (FMA) is bound by confidentiality!!!!!!!!

So much for the FMA motto of "Promoting fair, efficient and transparent financial markets".

Do not fill one with warm fuzzies, does it?

**minimoke** · 05-03-2018, 01:42 PM

Originally Posted by Balance

NBR headline "FMA knew of CBL probe in August". Says it (FMA) is bound by confidentiality!!!!!!!!

So much for the FMA motto of "Promoting fair, efficient and transparent financial markets".

Do not fill one with warm fuzzies, does it?

I have a little sympathy for FMA and there requirement to uphold commercial sensitivity - but I can be easily be persuaded otherwise.

However no sympathy at all for CBL who have an overriding responsibility to shareholders.

**Balance** · 05-03-2018, 01:44 PM

Originally Posted by minimoke

I have a little sympathy for FMA and there requirement to uphold commercial sensitivity - but I can be easily be persuaded otherwise.

However no sympathy at all for CBL who have an overriding responsibility to shareholders.

One can argue that CBL was doing the right thing - it was trying to raise new capital and any disclosures about how shallow its reserves were would have led to a 'run' and collapse.

Any sympathy however disappeared after they made the unauthorised $55m payments to the offshore entities.