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  1. #7411
    Speedy Az winner69's Avatar
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    Quote Originally Posted by trader_jackson View Post
    http://www.stuff.co.nz/business/7932...ortgage-scheme

    Could affect HBL... although I doubt the government would do it...

    As always, thoughts appreciated
    Thats a good news story for us

    We need more desperate oldies taking out home equity release mortgages don't we. A growing niche msrket eh.

    Heartland just doing thecresponsible social thing in providing them

    Thanks t_j for picking up on that good news
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #7412
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    Quote Originally Posted by winner69 View Post
    Percy, your $855m

    Guru analysts often use price book ratio to value banks (read your Craigs report)
    DDMs are also used - DCFs don't as its virtually impossible to establish the WACC for banks

  3. #7413
    percy
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    Question time for Winner69 and Grunter.
    What formula [if any] did FPF [Fisher Paykel Finance] use when they brought The Farmers finance company?
    Possibly a helpful guide;60% of the loan book????
    Last edited by percy; 27-04-2016 at 08:40 AM.

  4. #7414
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    Maybe could also look at a more recent example when Flexigroup brought F&P as well?

    On another topic...
    http://www.stuff.co.nz/business/7931...verse-mortgage
    Heartland helping fuel senior's dreams

  5. #7415
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    Quote Originally Posted by percy View Post
    Question time for Winner69 and Grunter.
    What formula [if any] did FPF [Fisher Paykel Finance] use when they brought The Farmers finance company?
    Possibly a helpful guide;60% of the loan book????
    http://people.stern.nyu.edu/adamodar.../finfirm09.pdf

  6. #7416
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    Quote Originally Posted by trader_jackson View Post
    http://www.stuff.co.nz/business/7932...ortgage-scheme

    Could affect HBL... although I doubt the government would do it...

    As always, thoughts appreciated
    He lost a bit of credibility with this:
    Rayner​ says. "You could draw down on a loan with an interest rate of say two per cent."
    The Government's ten-year borrowing rate is just under 3 per cent, but Rayner says, one option would be for the Government to provide the loans interest-free to superannuitants.
    He just wants another hand out because (worst reason ever) he is asset rich!

    He he had said 3.5% (being 0.5% above the governments borrowing rate), he could have got a tiny bit more support.

  7. #7417
    Speedy Az winner69's Avatar
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    Quote Originally Posted by trader_jackson View Post
    Maybe could also look at a more recent example when Flexigroup brought F&P as well?

    On another topic...
    http://www.stuff.co.nz/business/7931...verse-mortgage
    Heartland helping fuel senior's dreams
    Gives you the warm fuzzies that story eh

    We are helping the oldies who a bit shot if dosh enjoy life aren't we ....and making heaps ourselves as well.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #7418
    percy
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    Quote Originally Posted by Harvey Specter View Post
    He lost a bit of credibility with this:
    He just wants another hand out because (worst reason ever) he is asset rich!

    He he had said 3.5% (being 0.5% above the governments borrowing rate), he could have got a tiny bit more support.
    I think his credibility remains intact.
    Zero.

  9. #7419
    Speedy Az winner69's Avatar
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    Quote Originally Posted by trader_jackson View Post
    Maybe could also look at a more recent example when Flexigroup brought F&P as well?

    On another topic...
    http://www.stuff.co.nz/business/7931...verse-mortgage
    Heartland helping fuel senior's dreams
    About 40% wasn't it?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #7420
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    Quote Originally Posted by trader_jackson View Post
    Maybe could also look at a more recent example when Flexigroup brought F&P as well?

    :
    t_j have you solved percy's little puzzle yet
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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