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  1. #201
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    Quote Originally Posted by belgarion View Post
    Interesting ... some undisclosed seller wants to talk at 50c and the market moves up towards 50c see what they have to say ...
    Forgive my ignorance but what is an undisclosed seller?
    SCOTTY

  2. #202
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    Quote Originally Posted by belgarion View Post
    LOL Scotty ... should have said the "undisclosed" seller ... I.e. the one(s) who are selling more than $100k worth ... generally lots more than 100k tho ...
    Thanks bel. I have noticed the "u" at times, but didn't know exactly what it meant, so thanks.

    Have a great Christmas and NY.

    Cheers
    SCOTTY

  3. #203
    Guru Xerof's Avatar
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    Sub-underwriters bailing out..........at least those that had the moral fibre to pay for their commitments......would seem the banking license might be a distant fantasy, as predicted on this channel very early on

  4. #204
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Xerof View Post
    Sub-underwriters bailing out..........at least those that had the moral fibre to pay for their commitments......would seem the banking license might be a distant fantasy, as predicted on this channel very early on
    Xerof ... don't ruin a good story

    Merry Xmas to you & hope 2012 favours you

  5. #205
    Pirate K1W1G0LD's Avatar
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    up 3 cents today with nearly 3mil traded, somebodys buying up large!

  6. #206
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    At 49 cents can anyone tell me the major downside of this stock?

  7. #207
    Senior Member Marilyn Munroe's Avatar
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    On the the site interest.co.nz there is a comment by large shareholder George Kerr that he wants Heartland to grow by emulating American bank Wells Fargo.

    http://www.interest.co.nz/news/57607...rns-over-20-ye

    My jaw hit the floor when I read that.

    George as a master of the financial universe should ask his fellow financial master of the universe and large shareholder in Wells Fargo, Warren Buffett, how all those residential second mortgages in California they loaned during the housing bubble are getting on.

    Boop boop de do

    Marilyn

  8. #208
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    Well looks like George has been doing some selling.

  9. #209
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    Result out... not too surprised that George is selling.

    There are some good bits in there (deposits up, despite expiry of the guarantee, impairments reducing), but pretty hard to get excited about it. Hard to see this year hitting forecast and next year won't have the one-off tax benefit to salvage it. At this rate, could be another couple of years of consolidating before it is able to cast off the GFC leg-irons.

  10. #210
    Speedy Az winner69's Avatar
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    Quote Originally Posted by belgarion View Post
    Lots of if, but and maybe in predicting $20m to $22m FY ... Hmm ... NTA @ 85c ... ??? ... Mr Market has HNZ at 48c ... Hmmm ... 22m / 388m shares @ PE of 10 = 56c ... Hmmmm ... Revolt against gouging Ocker banks ... 26m? ... More Hmmmmms ...
    Hmmmmm ..... allow for the one off never to be repeated tax benefit ..... hmmmm .... $1m / 388m shares @PE of 10 = 41c ....... Hmmmmm ...... revolt against gouging Ocker banks ..... $20m? ..... more Hmmmmmm

  11. #211
    Guru Xerof's Avatar
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    The "Looking forward" statements tell the true story - a banking license is not even on the horizon, and they have little chance of meeting forecasts

    watch out for the sub-underwriters and underwriters bailing......
    Last edited by Xerof; 17-02-2012 at 06:09 PM.

  12. #212
    Senior Member Marilyn Munroe's Avatar
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    I have been puzzled by Heartlands desire to become a registered bank.

    As a cynical person I wondered if the bank registration was just a story told to win over those voting on the merger. The real driver was to shelter MARAC beneath CBS Canterburys balance sheet.

    Now that the "Mission Accomplished" banner has been unfurled in the boardroom will we see bank registration quietly fade away?


    Boop boop de do

    Marilyn

  13. #213
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Marilyn Munroe View Post
    I have been puzzled by Heartlands desire to become a registered bank.

    As a cynical person I wondered if the bank registration was just a story told to win over those voting on the merger. The real driver was to shelter MARAC beneath CBS Canterburys balance sheet.

    Now that the "Mission Accomplished" banner has been unfurled in the boardroom will we see bank registration quietly fade away?


    Boop boop de do

    Marilyn
    Agree Marilyn ..... main objective achieved .... a bit of a con about the bank story .... and now back to business as usual

  14. #214
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    Well I am un decided.HNZ appear to be like Mainland Cheese;"Good things take time."HNZ have achieved a merger,and seem to be sticking to their agenda.I think they have been over careful with everything they do ,so they don't risk putting "The Bank" licence at risk.They have got through the govt guarantee ,and hopefully the have laid solid foundations for the future.I continue to hold and expect it will take time.The NTA at 85 cents is reassuring.

  15. #215
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    Quote Originally Posted by percy View Post
    Well I am un decided.HNZ appear to be like Mainland Cheese;"Good things take time."HNZ have achieved a merger,and seem to be sticking to their agenda.I think they have been over careful with everything they do ,so they don't risk putting "The Bank" licence at risk.They have got through the govt guarantee ,and hopefully the have laid solid foundations for the future.I continue to hold and expect it will take time.The NTA at 85 cents is reassuring.
    Whatever the motivation(s) underlying the quest for a banking licence, I think the outcome - either way - will have a big impact on the fortunes of HNZ. The more so if it comes sooner, not later.
    I suppose the NTA is reassuring, hadn't really thought about it. Until HNZ puts decent and sustained profits together and pays solid dividends the NTA has an academic quality? HNZ is trading at 0.55 times NTA. With decent profits and dividends, or increasing promise of same, the HNZ price will move towards the 1.8 times NTA of ANZ and the 2.0 times NTA of WBC. Getting there will take much more time than Mainland cheese, and a few more old boys on the Mainland commercials will have popped their clogs along the way, but loyal HNZ holders will wallow in good port and vintage tasty.

  16. #216
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    Great post Under surveillance.

  17. #217
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    A bit ignorant here - why would they want to enter into a lockup agreement with Harrogate Trustee for 5% of share capital till FY result?

  18. #218
    Reincarnated Panthera Snow Leopard's Avatar
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    Unhappy Warning: The following post may contain an element of sarcasm

    Nice chart !

    best wishes

    Paper Tiger (wearing a Technical hat)
    om mani peme hum

  19. #219
    Speedy Az winner69's Avatar
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    Got to love it ..... George getting all grumpy and saying Heartland is under perfoming and they better get their act together .... and George holding onto the shares in HNZ


    George talks tough
    http://www.stuff.co.nz/business/indu...rr-talks-tough

  20. #220
    Speedy Az winner69's Avatar
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    That lock up deal with Harrogate a 'defensive move' to make a full takeover by somebody a bit harder .... me thinks George has had some influence in this action .... see Belg your mate looking after you after all

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