-
17-05-2014, 10:36 AM
#2991
Might pay HNZ to stay in Australia, if they were thinking of selling the OZ bit off
-
17-05-2014, 11:05 AM
#2992
Member
Great post thanks Winner
Cheers
-
17-05-2014, 11:16 AM
#2993
 Originally Posted by winner69
Might pay HNZ to stay in Australia, if they were thinking of selling the OZ bit off
From what I have read Heartland are keen to hold onto the Aussie business.
Heartland's chairman, Geoffrey Ricketts is on the board of Suncorp Group Ltd,which should provide him [and Heartland] with good contacts in Australia.
Last edited by percy; 17-05-2014 at 11:18 AM.
-
22-05-2014, 09:15 AM
#2994
Positive news that S&P raises HNZ's credit rating a notch:
NZX Release
S&P raises credit rating on Heartland Bank
22 May 2014
Heartland New Zealand Limited (NZX: HNZ) is pleased to announce that Standard
& Poor's (S&P) has raised its long term issuer credit rating on HNZ
subsidiary Heartland Bank Limited (Heartland) to 'BBB' from 'BBB-' and
assigned a negative outlook. The rating upgrade reflects S&P's view that:
o Heartland's business position strengthened over the past three years upon
the bank's transition toward its core niche markets (such as vehicle asset
finance, invoice financing, livestock financing and reverse mortgage loans)
and away from non-core assets.
o Contestability in these, typically higher-risk, specialist markets is lower
compared to traditional commoditised markets such as the residential mortgage
loans market.
o Heartland has made progress in exiting its non-core property portfolio and
reducing its residential mortgage lending portfolio.
The negative outlook reflects the negative economic risk trend assigned to
the New Zealand banking system and S&P's concerns around economic imbalances,
which are not specific to Heartland. S&P's full report is attached.
Heartland is delighted with the raised rating, and in particular with S&P's
acknowledgement of a strengthened business position for Heartland.
-
22-05-2014, 09:33 AM
#2995
Originally Posted by iceman
S&P raises credit rating on Heartland Bank
BBBoom
Positive sign and hopefully we will see more raised ratings. To see the ratings of all banks: http://www.rbnz.govt.nz/regulation_a...redit_ratings/
-
22-05-2014, 10:36 AM
#2996
Originally Posted by belgarion
Will the upgrade be enough to trigger the overdue breakout? ...
If those new entries buying at 86 realise their orders aint gonna get filled and they get impatient ... then Probably! ...
But if those sellers realise that their holdings have just become more valuable and step back up a few cents ... then Certainly!
Whatever happens ,probably or certainly?! "We are well positioned."!!!!!!!!!!!!!!!!!!!!!
Again Heartland have delivered on what they said they would achieve.
-
22-05-2014, 10:58 AM
#2997
Member
Originally Posted by belgarion
Will the upgrade be enough to trigger the overdue breakout? ...
If those new entries buying at 86 realise their orders aint gonna get filled and they get impatient ... then Probably! ...
But if those sellers realise that their holdings have just become more valuable and step back up a few cents ... then Certainly!
Something you probably need to realise... Heartland does appear to be one of the most stable stocks on the market & thus, we're well positioned 
-
22-05-2014, 11:07 AM
#2998
Buyers seem to lining up now.
-
22-05-2014, 11:09 AM
#2999
Last edited by Beagle; 22-05-2014 at 11:10 AM.
-
22-05-2014, 11:14 AM
#3000
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Reply With Quote
....didn't see any point waiting for the inevitable breakout. Very encouraging to see the S&P upgrade. I'm not sure but did someone mention we are well positioned 
Bookmarks