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15-09-2013, 04:38 PM
#2061
Originally Posted by Snoopy
I do find it ironic that now that Heartland have earned themselves the right to be called a bank, and aggregated other financial entities into a more balanced whole, the underlying entity is looking less and less like a bank and more like a finance company, as I believe you have correctly observed Percy!
SNOOPY
They were quite open (if saying it aloud and being quoted in the press etc is open) that they only wanted to become a BANK for marketing purposes. In other words give them credibility because banks are less risky than finance companies in the minds of their depositors (and maybe borrowers).
Any other advantages were secondary to the main cause.
Question, what is the difference between a bank and a finance house anyway
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15-09-2013, 04:40 PM
#2062
Originally Posted by percy
SNOOPY;
Loan book balances ,funding.
First of all HNZ have no funding issues.None.Xerof explained this.
Do not look for issue here as there are none.
Percy, there is a mismatch in the maturity of term deposits and the underlying loans. PT has batted this away by saying all banks operate in this way. But I put it to you and PT that to say there is no effect from this mismatch is not true.
If you look at section 4.48 of my reference,
http://www.rbnz.govt.nz/regulation_a...ok/3272068.pdf
there is even a formula to calculate the amount of extra capital Heartland must hold because of this.
More information is in the ensuing 4.115 and 4.116 sections
SNOOPY
Last edited by Snoopy; 15-09-2013 at 04:53 PM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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15-09-2013, 05:02 PM
#2063
Originally Posted by Snoopy
Percy, there is a mismatch in the maturity of term deposits and the underlying loans. PT has batted this away by saying all banks operate in this way. But I put it to you and PT that to say there is no effect from this mismatch is not true.
If you look at section 4.48 of my reference,
http://www.rbnz.govt.nz/regulation_a...ok/3272068.pdf
there is even a formula to calculate the amount of extra capital Heartland must hold because of this.
More information is in the ensuing 4.115 and 4.116 sections
SNOOPY
You can waste Paper Tiger's time,but you are not going to waste mine.Forget it.!
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15-09-2013, 05:05 PM
#2064
I see Fisher Funds don't seem to have any HNZ shares
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15-09-2013, 05:23 PM
#2065
Originally Posted by winner69
I see Fisher Funds don't seem to have any HNZ shares
I think we all would agree that is a positive.!!! lol.
Do you have any money with Fisher Funds??!! lol.
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15-09-2013, 07:37 PM
#2066
The Sunday Funnies
Originally Posted by Snoopy
Percy, there is a mismatch in the maturity of term deposits and the underlying loans. PT has batted this away by saying all banks operate in this way. But I put it to you and PT that to say there is no effect from this mismatch is not true.
If you look at section 4.48 of my reference,
http://www.rbnz.govt.nz/regulation_a...ok/3272068.pdf
there is even a formula to calculate the amount of extra capital Heartland must hold because of this.
More information is in the ensuing 4.115 and 4.116 sections
SNOOPY
Originally Posted by percy
You can waste Paper Tiger's time,but you are not going to waste mine.Forget it.!
Although I could get slightly annoyed that I keep getting misquoted and that useful information appears to be often ignored. I am basically amused by this whole thing.
However like Calvin above I find myself with a dilemma: Do I tell Snoopy that the document he references does not apply to Heartland or do I not bother?
On one of the bits of this planet that I lived on they have an expression:
"He can not see the woods for the trees".
Best Wishes
Paper Tiger
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15-09-2013, 08:17 PM
#2067
Good link PT - should I say that or not?
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15-09-2013, 08:24 PM
#2068
Originally Posted by Paper Tiger
Although I could get slightly annoyed that I keep getting misquoted and that useful information appears to be often ignored. I am basically amused by this whole thing.
However like Calvin above I find myself with a dilemma: Do I tell Snoopy that the document he references does not apply to Heartland or do I not bother?
On one of the bits of this planet that I lived on they have an expression:
"He can not see the woods for the trees".
Best Wishes
Paper Tiger
Don't bother.!!!
Enjoyed calvin thank you.
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18-09-2013, 08:55 AM
#2069
WARNING; Should you be buying HNZ shares today I think you will miss the 2.5cents dividend.
Check before you buy.Selling check that you receive the dividend.
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18-09-2013, 09:03 AM
#2070
Originally Posted by percy
WARNING; Should you be buying HNZ shares today I think you will miss the 2.5cents dividend.
Check before you buy.Selling check that you receive the dividend.
Yip - it has gone ex dividend today. Given the comments/strategies on the dividend thread, it will be interesting to see what the shareprice does.
Edit: on a related note, the strike price for the Drip is set on the average price 5 days after the record date (which will be next weeks trading?):
P is the volume weighted average sale price in New Zealand
dollars (expressed in cents and fractions of cents) for a
Share calculated on all trades of Shares which took place
through the NZX Main Board over the period of 5 trading
days immediately following the Record Date.
Can anyone confirm there is no discount on the strike price.
Last edited by CJ; 18-09-2013 at 09:09 AM.
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