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12-02-2016, 01:12 PM
#7041
Originally Posted by NZSilver
Less than $1.10
You getting your way you guru
Backing the truck up are we?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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12-02-2016, 01:47 PM
#7042
Originally Posted by winner69
You getting your way you guru
Backing the truck up are we?
Is this causing some worries?
http://www.nzherald.co.nz/business/n...ectid=11588025
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12-02-2016, 01:54 PM
#7043
For me it was the main reason I got out last year..plus the regular details/stories of 80% LV @ 8% interest deals for marginal sharemilkers....
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12-02-2016, 02:01 PM
#7044
Originally Posted by Raz
For me it was the main reason I got out last year..plus the regular details/stories of 80% LV @ 8% interest deals for marginal sharemilkers....
Now that's what I call buying business
The marginals must be repaying when due though as bad debt provisioning is very low.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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12-02-2016, 02:06 PM
#7045
Well we will see..just not with my money on the line with that one. IMHO that is crazy lending.
The point for me in the current environment is what would it do to the share price if we start getting share milker human interest stories from only one point of view....hitting the press with any particular funders name associated... The media negative side of Dairy is just starting...
Last edited by Raz; 12-02-2016 at 02:15 PM.
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13-02-2016, 04:03 PM
#7046
Heartland Impairment Reporting Record: to FY2015
Originally Posted by Raz
Well we will see..just not with my money on the line with that one. IMHO that is crazy lending.
Heartland Bank |
|
Annual Impaired Asset Expense (A) |
Total Impaired Asset Provision (B) |
(A)/(B) |
Net Receivables (impairment included) |
(B)/(C) |
EBT (before impaired asset exposure) |
(A)/(D) |
2012 |
$5.642m |
$27.426m |
21% |
$2,105.702m |
1.3% |
$29.337m |
19% |
2013 |
$22.527m |
$50.491m |
45% |
$2,060.867m |
2.4% |
$36.540 |
62% |
2014 |
$5.895m |
$16.381m |
36% |
$2,623.767m |
0.6% |
$57.416m |
10% |
2015 |
$12.105m |
$25.412m |
48% |
$2,887.482m |
0.9% |
$76.304m |
16% |
SNOOPY
Last edited by Snoopy; 17-02-2016 at 04:27 PM.
Reason: Added two columns
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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13-02-2016, 04:25 PM
#7047
Originally Posted by Snoopy
|
Annual Impaired Asset Expense (A) |
Total Impaired Asset Provision (B) |
Net Receivables (impairment included) |
(B)/(C) |
2012 |
$5.642m |
$27.426m |
$2,105.702m |
1.3% |
2013 |
$22.527m |
$50.491m |
$2,060.867m |
2.4% |
2014 |
$5.895m |
$16.381m |
$2,623.767m |
0.6% |
2015 |
$12.105m |
$25.412m |
$2,887.482m |
0.9% |
SNOOPY
Obviously only do high quality lending
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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13-02-2016, 04:45 PM
#7048
Originally Posted by winner69
Obviously only do high quality lending
Or the brown cow stuff has yet to hit the fan......
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14-02-2016, 06:50 AM
#7049
Originally Posted by Sideshow Bob
Or the brown cow stuff has yet to hit the fan......
That is my thinking, given all the attempts to buy business I have heard about in the past few years. Although I have no idea what their uptake on these offers actually has been.
When it comes to impairment what I realise it is the hardest part of a balance sheet to assess, if you have actually tried to do the process in real life you will realise how inherently subjective those figures possibly are, inherently difficult for the auditors to assess and equally for upper management as those lower in the tree can be resistant to making objective assessments, to close to it or scared to convey what they know until it is beyond any doubt. It always seemed to be a lag indicator when I audited financials, more likely to be understated. However looking where we are in the economic cycle where would you expect the provision to be going as a trend in a transparent process...
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15-02-2016, 02:22 PM
#7050
Good to see a reversal Now the Lemmings and nervous nellie's have moved all their funds back into bonds or savings or wherever.
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