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  1. #11011
    percy
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    Yes ex UDC man Brian Jolliffe certainly took PGC to near bankruptcy.
    That is the reason HBL still avoid property developers like the plague.
    Even spread of funding, matched by an equal spread of lending reduces the risks,as does having a great Reverse Equity loan book.
    Savvy good farmers [and SME]do not like being too dependent on one lender [bank].
    Last edited by percy; 31-07-2018 at 12:16 PM.

  2. #11012
    percy
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    I hope HBL have a good strategy for dual listing.?
    Has been a total waste of time for two other companies I hold shares in,EBO and TRA.

  3. #11013
    An Awesome Cool Cat winner69's Avatar
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    Quote Originally Posted by percy View Post
    I hope HBL have a good strategy for dual listing.?
    Has been a total waste of time for two other companies I hold shares in,EBO and TRA.
    Hope so but this where the word BANK might help

    Like the brother / sister arrangements whatever that’s all about
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  4. #11014
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    Quote Originally Posted by Snoopy View Post
    I think it would depend on how much equity and hence borrowing headroom a farmer has in her farm Percy. If you have enough credit worthiness, a farmer could draw down a loan against their property and use that money 'however they like' (and that includes buying cows). If the bank was less willing to extend 'property credit' then Heartland could 'come into play'. But so could PGG Wrightson who are prepared to loan 'finishing money' on any livestock that goes through their yards (even though they don't call it a loan!). There are always 'options' out there if you are a good farmer. And if you are 'not so good', then a loan from Heartland gets more likely!

    SNOOPY
    Snoops. PGGWrightson finance lending is all through Heartland.Check this out
    https://www.pggwrightson.co.nz/Services/Finance

  5. #11015
    An Awesome Cool Cat winner69's Avatar
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    Quote Originally Posted by winner69 View Post
    Hope so but this where the word BANK might help

    Like the brother / sister arrangements whatever that’s all about
    Wrong again ...it will be listed as Heartland Group Holdings
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  6. #11016
    Legend
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    looking to buy udc in the future?
    bull

  7. #11017
    Legend minimoke's Avatar
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    Restructuring and ASX listing. A bit on the nose for NZ investors. Essentially saying they wont fully support capital raises.

  8. #11018
    Legend minimoke's Avatar
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    Quote Originally Posted by greater fool View Post
    Don't be so pessimistic. Here's the important bit:

    " The restructure will remove constraints on the growth of Group’s business currently arising from Reserve Bank regulations............"
    Hmm - I would need to look into that in more detail. Reserve Bank "constraints" are generally there for a good reason. You would need an equally good reason to want to operate outside of them.

  9. #11019
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    Quote Originally Posted by greater fool View Post
    Don't be so pessimistic. Here's the important bit:

    " The restructure will remove constraints on the growth of Group’s business currently arising from Reserve Bank regulations............"
    Agree that is the important bit. Does this mean they want to dabble in finance company activity more ? Buy Harmoney perhaps ?
    I invested in a bank and will be uneasy if this is the case.
    Disc. HBL is my biggest holding....12% of my portfolio.

  10. #11020
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    Quote Originally Posted by percy View Post
    I hope HBL have a good strategy for dual listing.?
    Has been a total waste of time for two other companies I hold shares in,EBO and TRA.
    likewise for Briscoes too Percy.
    Not sure why so many are hell bent on dual listing and paying extra fees for little to no benefit

  11. #11021
    Legend
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    plenty of dodgy lending going on in aus
    bull

  12. #11022
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    What happens to their banking licence?
    Wouldn't want to lose that... investors (ie term depositors) might fret

  13. #11023
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    It is less than than three years ago that the current structure was put in place:

    Heartland - Strategy Update

    Worth having a (re)read of the rational at that time.
    om mani peme hum

  14. #11024
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    Heartland Bank per se to become less and less of Group’s activities has focus moves to Harmony, Seniors and other finance related initiatives?
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  15. #11025
    percy
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    Heartland Bank will still operate in NZ as a bank,and still need to operate as per The Reserve Bank of NZ rules and regulations.

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