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  1. #7011
    ShareTrader Legend Beagle's Avatar
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    Raz - A good Huntaway has already barked loudly about this issue, (well in advance of the trouble coming).
    https://www.youtube.com/watch?v=dYW-0Ml1jg4
    Last edited by Beagle; 09-02-2016 at 09:24 AM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  2. #7012
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Yeshiva View Post
    Wen I woke up at 6am, the clouds were touching the summit of the hills at the farms in the distance.

    At 8am, the clouds had descended to around 25m from the top of the summit.

    this is clear evidence that the sky is falling.

    I have recited the shema relentlessly this morning to be on the safe side.
    Can't understand why you thing the sky is falling ....it's all fine and dandy in this part of the world .....and in the Heartland world as well
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #7013
    Legend Balance's Avatar
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    Quote Originally Posted by winner69 View Post
    Can't understand why you thing the sky is falling ....it's all fine and dandy in this part of the world .....and in the Heartland world as well
    Banks are getting sold off overseas, hard to escape the ripples.

  4. #7014
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    Downtrend forming - will we see sub 1.10? Banks are hurting with the current commodity crash...
    Last edited by NZSilver; 09-02-2016 at 09:55 AM.

  5. #7015
    Speedy Az winner69's Avatar
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    At $1.15 Heartland trading at ~1.1 Book Value

    Seems about right in these uncertain times.


    So no more share price decline and compelling value at this level
    Last edited by winner69; 10-02-2016 at 08:07 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #7016
    Senior Member blockhead's Avatar
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    Quote Originally Posted by Raz View Post
    Watch closely Dairy exposure with all the Banks, the first move to the exits by a Bank have started with one basically taking control of 35 dairy farms, freezing their accounts and requiring consulting on any expenditure moving forward , they have been advised they will be sold up by season end. The sell off alone could could reduce the market to 250-400$ per cow.
    Raz, tell me more about this, where have 35 farms been taken over by a Bank ?

    Anyone else know anything about this ?

  7. #7017
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    Quote Originally Posted by Raz View Post
    Watch closely Dairy exposure with all the Banks, the first move to the exits by a Bank have started with one basically taking control of 35 dairy farms, freezing their accounts and requiring consulting on any expenditure moving forward , they have been advised they will be sold up by season end. The sell off alone could could reduce the market to 250-400$ per cow.
    I would think the price at the works would be around $1,000. Does anyone know the current works price?

  8. #7018
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    Quote Originally Posted by winner69 View Post
    At $1.15 Heartland trading at ~1.1 Book Value

    Seems about right in these uncertain times.


    So no more share price decline and compelling value at this level
    ANZ is in a similar basket (1.2 I think - lowest of the big aussie banks - should be no more decline for them one would expect... on PE and NTA value, ANZ is even cheaper I believe...)

    Disclosure: not holding, but very interested in ANZ (holding heartland for a good 6 months)

  9. #7019
    percy
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    Quote Originally Posted by percy View Post
    Australian banks face a few challenges Heartland don't;
    Slow down in mining sector.
    Slow down in manufacturing sector.
    Slow down in the retail sector.
    Slow down in real estate housing market.
    Possible a tightening of European wholesale funding.
    Possible Australian Reserve Bank requiring Australian banks to have a much greater capital base.
    Above post #3921 posted 12-11-2014.
    I therefore look forward, with confidence ,to Heartland Bank's interim result on the 23rd of this month.

  10. #7020
    ShareTrader Legend Beagle's Avatar
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    To be fair though Percy, since that post the Aussie banks have completed their capital raise through Tier 2 Basil 3 compliant subordinated debt issues. Its good that HBL are endeavouring to do a Tier 2 issue as well in April and I hope it goes well for them.
    Last edited by Beagle; 10-02-2016 at 09:28 AM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

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