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  1. #6901
    Speedy Az winner69's Avatar
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    Quote Originally Posted by kizame View Post
    No they won't raise it. They are conservative and would have been able to see where the economy was headed short-medium term.
    If I was them it would be far better to surprise on the upside than to try to quench your insatiable need for reassurance.

    Resting on there Laurels? I don't think so.
    Trouble is kizame, they manage to the expectations they set

    Wonder what is possible if they stretched hemselves?

    Just my observation
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #6902
    Senior Member kizame's Avatar
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    Quote Originally Posted by winner69 View Post
    Trouble is kizame, they manage to the expectations they set

    Wonder what is possible if they stretched hemselves?

    Just my observation
    But this is a bank/finance company,and to stretch themselves? I wouldn't be comfortable with that,you need a measure of conservatism to hold credability and longevity in the marketplace,they need that.
    That could mean taking on dubious loans,taking risk with aquisitions otherwise passed over.

    Nup I like what they are doing and the way they are doing it. We all get impatient for growth,but sometimes we just need to reign those horses in. It works out better in the end.

  3. #6903
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    I will be very cynical and say that if a financial services is told to stretch its targets, then it will do so and meet them, but probably kick up a horde of unintended consequences. The best case is that the company engages in questionable accounting practices to show the prerequisite level of sales. The worst case? They might actually be making sales to all the wrong kinds of people.

    There are heaps of tales stemming from the GFC of finance companies and banks that brought in stretch targets for selling mortgages, with all sorts of perverse outcomes. Theres even a nice new Oscar-contention movie thats out on this very topic.

  4. #6904
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    http://www.3news.co.nz/nznews/ipo-st...#axzz3xZeL55in

    Will this mean there will be a good appetite in the market if HBL goes ahead with the bonds???

  5. #6905
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    Quote Originally Posted by kizame View Post
    But this is a bank/finance company,and to stretch themselves? I wouldn't be comfortable with that,you need a measure of conservatism to hold credability and longevity in the marketplace,they need that.
    That could mean taking on dubious loans,taking risk with aquisitions otherwise passed over.

    Nup I like what they are doing and the way they are doing it. We all get impatient for growth,but sometimes we just need to reign those horses in. It works out better in the end.
    Agree wrong party of cycle for that..they have their share of risk already.

  6. #6906
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Raz View Post
    Agree wrong party of cycle for that..they have their share of risk already.
    Interesting comment re risk

    Not an admission that Heartland lending is moving up the risk scale is it?
    Last edited by winner69; 20-01-2016 at 05:25 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #6907
    Speedy Az winner69's Avatar
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    From Cameron Bagrie - @ANZ_cambagrie: Expect fonterra to have to lower 15/16 dairy payout to lower end of our $4.25-4.50 kg/ms est (from their est of 4.60). Price action weak

    Not good news - one would think that now most dairy loans (even the 'supported' ones) are more stressed than they were before Xmas
    Last edited by winner69; 20-01-2016 at 07:57 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #6908
    Reincarnated Panthera Snow Leopard's Avatar
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    Unhappy List to starboard corrected

    Well it had to happen sometime - I sold a Heartland share (or two).

    I have finished a sell down of 35% of my HBL holding but currently I am intending to keep the remaining 65%.

    Whether it or SCL is now the biggest holding in my NZ portfolio will literally depend on the market price.

    Best Wishes
    Paper Tiger
    om mani peme hum

  9. #6909
    percy
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    I sold 20% of my HBL holding last Thursday,and half my SKL holding last Wednesday..
    Still 75% higher than my next largest holding EBO,which is about two and a half times the size of my next largest holdings which are about the same size,AWK,SCL and TIL.
    I was about 98% fully invested,and are now about 90% fully invested.
    Feel I am "well positioned">!!!..lol.
    Last edited by percy; 20-01-2016 at 03:23 PM.

  10. #6910
    Speedy Az winner69's Avatar
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    No wonder Heartland share price tanking - at least two loyal shareholders selling and reducing their holdings.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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