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  1. #11716
    Member Timesurfer's Avatar
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    Quote Originally Posted by couta1 View Post
    This things broken and I bought more yesterday at $1.45, I'm moving back to my roots next year by getting away from diversification in any meaningful way, every time I've gone beyond holding 3 or 4 stocks I've been skunked.
    I bought these for the diversification with dividend approach - now hoping they unbreak sometime in the future.
    First time my portfolio has come up with a net red. I hope the falling knives I am playing with don't bleed me out!

  2. #11717
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    I would have actually thought HBL was best positioned of the banks, market seems to think differently!
    Bigly differently, with it going down 10c in not much over 10 trading hours.

    My (re)entry price of $1.50 looking very expensive now.

  3. #11718
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    I first bought into this (one of my very first purchases!!) just over three years ago at $1.33. Sold out (belatedly) in two parcels at $1.68 and $1.49, wonder if I'll be re-entering at the same price I first bought at?!

  4. #11719
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    Not far to go before my stop loss gets triggered. Maybe signing up for the DRP was a waste of time - I may not be a holder fro that much longer

  5. #11720
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    Quote Originally Posted by oldtech View Post
    I first bought into this (one of my very first purchases!!) just over three years ago at $1.33. Sold out (belatedly) in two parcels at $1.68 and $1.49, wonder if I'll be re-entering at the same price I first bought at?!
    I exited this stock yesterday given the current market uncertainty, RBNZ uncertainty, and negative TA I will wait on the sidelines for any upend before re-investing. GLH.

  6. #11721
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    $1.36, down over 6% today with an hour left to trade... and we won't talk about yesterdays drop either... winner, you reckon the race between ARV and HGH back on?
    Last edited by trader_jackson; 18-12-2018 at 03:02 PM.

  7. #11722
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    Quote Originally Posted by trader_jackson View Post
    $1.36, down over 6% today, on top of yesterdays 5% drop... winner, you reckon the race between ARV and HGH back on?
    ARV on verge of going into free fall so I'd be pretty safe in saying HGH will be higher than ARV no matter what happens to both
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  8. #11723
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    https://www.nzherald.co.nz/business/...ectid=12179078

    Heartland led the market lower, falling 6.9 per cent to $1.35, its lowest close since August 2016. The local lender has dropped 11 per cent since the Reserve Bank unveiled plans that would require a significant increase in the capital held by banks. Macquarie analysts estimate Heartland would need to boost its capital holdings by about $1 billion.

    Anyone heard anything from heartland.

  9. #11724
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    Quote Originally Posted by ScrappyO View Post
    https://www.nzherald.co.nz/business/...ectid=12179078

    Heartland led the market lower, falling 6.9 per cent to $1.35, its lowest close since August 2016. The local lender has dropped 11 per cent since the Reserve Bank unveiled plans that would require a significant increase in the capital held by banks. Macquarie analysts estimate Heartland would need to boost its capital holdings by about $1 billion.

    Anyone heard anything from heartland.
    Heartland said this yesterday
    http://nzx-prod-s7fsd7f98s.s3-websit...529/292595.pdf

    To put that possible $1 billion extra capital needed shareholder equity at June 2018 was only $664m. That would be a huge injection eh ...but when one is highly leveraged to start with that would good.
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  10. #11725
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    Quote Originally Posted by winner69 View Post
    Heartland said this yesterday
    http://nzx-prod-s7fsd7f98s.s3-websit...529/292595.pdf

    To put that possible $1 billion extra capital needed shareholder equity at June 2018 was only $664m. That would be a huge injection eh ...but when one is highly leveraged to start with that would good.
    They may need to hold off on dividends for the proposed 5 years. That is crazy money to try to raise

  11. #11726
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    Quote Originally Posted by winner69 View Post
    Heartland said this yesterday
    http://nzx-prod-s7fsd7f98s.s3-websit...529/292595.pdf

    To put that possible $1 billion extra capital needed shareholder equity at June 2018 was only $664m. That would be a huge injection eh ...but when one is highly leveraged to start with that would good.
    Well Heartland Bank will require a 15% equity ratio.
    We know HBL had a 13.4% equity ratio.
    I believe to take that 13.4% ratio to 15% would require $69mil extra equity.[over 5 or more years].
    However HBL included Australian REL and other Australian business.
    Take that out of HGH,then we have to find out how much capital that 15% requires.
    I really do not know,but I can see Heartland Bank having 15% equity ratio,but I will have to see what equity ratio HGH has.
    To suggest HGH needs to raise a lot of capital to support Heartland Bank is with out foundation.
    The rapid growth in Australia will mean at some stage HGH will want more capital to support further ongoing growth.
    Last edited by percy; 18-12-2018 at 07:05 PM.

  12. #11727
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    Quote Originally Posted by percy View Post
    Well Heartland Bank will require a 15% equity ratio.
    We know HBL had a 13.4% equity ratio.
    I belive to take that 13.4% ratio to 15% would require $69mil extra equity.[over 5 or more years].
    However HBL included Australian REL and other Australian business.
    Take that out of HGH,then we have to find out how much capital that 15% requires.
    I really do not know,but I can see Heartland Bank having 15% equity ratio,but I will have to see what equity ratio HGH has.
    To suggest HGH needs to raise a lot of capital to support Heartland Bank is with out foundation.
    The rapid growth in Australia will mean at some stage HGH will want more capital to support further ongoing growth.
    Why would Macquarie say Heartland would need an additional $1 billion for? Additional as in above the $600 million + they have?

  13. #11728
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    Quote Originally Posted by winner69 View Post
    Heartland said this yesterday
    http://nzx-prod-s7fsd7f98s.s3-websit...529/292595.pdf

    To put that possible $1 billion extra capital needed shareholder equity at June 2018 was only $664m. That would be a huge injection eh ...but when one is highly leveraged to start with that would good.
    If HGH need to raise $1B then they have an awful lot of stuff hidden away off the balance sheet then they have never, ever mentioned before.

    [ $583M was good enough to do 13.71% for HBL ]
    om mani peme hum

  14. #11729
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    RBNZ report reads as if they also going to tighten up on how equity ratios are calculated .....banks are a bit dodgy how they do it now.
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  15. #11730
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    Quote Originally Posted by percy View Post
    Well Heartland Bank will require a 15% equity ratio.
    We know HBL had a 13.4% equity ratio.
    I belive to take that 13.4% ratio to 15% would require $69mil extra equity.[over 5 or more years].
    However HBL included Australian REL and other Australian business.
    Take that out of HGH,then we have to find out how much capital that 15% requires.
    I really do not know,but I can see Heartland Bank having 15% equity ratio,but I will have to see what equity ratio HGH has.
    To suggest HGH needs to raise a lot of capital to support Heartland Bank is with out foundation.
    The rapid growth in Australia will mean at some stage HGH will want more capital to support further ongoing growth.
    Good points, the alarmists leaping to conclusions about getting to 15% is just wrong, but the market recognised that "The rapid growth in Australia will mean at some stage HGH will want more capital to support further ongoing growth." and on the back of a US market rout to recent lows, that NZX diligently follows, it's not surprising HGH SP has been punished along with the other banks who incidentally have not disclosed that they will require further capital raising, like Heartland probably will.

    Listen to the market, it has a schizophrenia about it but it does foretell discomfort and concern, in this case potentially further dilution right when the company is looking to expand into new international markets and the RBNZ raise the bar on local capital adequacy. One can't ignore the market, it's been saying for a long time that Heartlands' SP got way ahead of itself, all we're trying to figure out is how far ahead that actually is.

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