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  1. #11761
    percy
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    Quote Originally Posted by minimoke View Post
    Cant go wrong with that. Even a pair of socks would wear out in a couple of years and you would have nothing to show for your gift. (I treated myself to a santa sack load of OCA)
    OCA.Best retirement sector divie yield,and a nice home for you when you wear out.!..lol.
    Last edited by percy; 19-12-2018 at 09:08 PM.

  2. #11762
    percy
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    Quote Originally Posted by Baa_Baa View Post
    Thank you, I will read that, again, maybe I missed something important. It doesn't stand to reason that a bank would disregard a property's market valuation when considering how much they would lend on the said property.
    Big difference between lending 80% to 90% of a property's valuation and 12% to 40%.

    Remember the story about the difference between being committed and being involved.?

    A pig and a chicken were walking along the road early one sunny morning,when they came upon a cafe.

    The chicken said to the pig "lets go and have breakfast of bacon and eggs".

    The pig said no,"for you,you are only involved ,yet for me it is a commitment."
    I like to think HGH are" involved "in the Australian property market,while the Australian Banks are "committed".
    Last edited by percy; 20-12-2018 at 08:04 AM.

  3. #11763
    An Awesome Cool Cat winner69's Avatar
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    These guys should come and see Heartland and share ideas


    Transforming a Traditional Bank into an Agile Market Leader

    https://www.strategy-business.com/ar..._campaign=resp
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  4. #11764
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by percy View Post
    Big difference between lending 80% to 90% of a property's valuation and 12% to 40%.

    Remember the story about the difference between being committed and being involved.?

    A pig and a chicken were walking along the road early one sunny morning,when they came upon a cafe.

    The chicken said to the pig "lets go and have breakfast of bacon and eggs".

    The pig said no,"for you,you are only involved ,yet for me it is a commitment."
    I like to think HGH are" involved "in the Australian property market,while the Australian Banks are "committed".
    lol, good story. Unfortunately if we head into a recession I believe all financials will get tarred with the same brush.
    No butts, hold no mutts, (unless they're the furry variety).

  5. #11765
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Beagle View Post
    lol, good story. Unfortunately if we head into a recession I believe all financials will get tarred with the same brush.
    True - however ... some will survive and others may not ...

    Despite a risk for all financial institutions to drop in price - it still might be better to own the ones which do survive.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  6. #11766
    percy
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    Shares with directors with a lot of skin on the line, good management,a strong balance sheet, and the capacity to grow dividends always recover the quickest from any recession.
    You do your research, and are sure your portfolio will survive any stress test,but you never know if you are right or not until the recession is over.

  7. #11767
    percy
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    I will be sorry to see CFO David Mackell leave Heartland.Very competent, easy to talk to person,as was his predecessor Simon Owen.

  8. #11768
    Guru peat's Avatar
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    Quote Originally Posted by percy View Post
    I will be sorry to see CFO David Mackell leave Heartland.Very competent, easy to talk to person,as was his predecessor Simon Owen.
    Yeh I worked with him a long time ago at Air NZ. He was a whizz on the spreadsheet I can assure you. So he was at AIR for decades and yet leaves Heartland after a year? Hmmm
    A slight concern from my view but equally could be nothing.
    For clarity, nothing I say is advice....

  9. #11769
    An Awesome Cool Cat winner69's Avatar
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    Quote Originally Posted by peat View Post
    Yeh I worked with him a long time ago at Air NZ. He was a whizz on the spreadsheet I can assure you. So he was at AIR for decades and yet leaves Heartland after a year? Hmmm
    A slight concern from my view but equally could be nothing.
    Where’s he off to — another listed company they say
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  10. #11770
    ShareTrader Legend Beagle's Avatar
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    Wouldn't surprise me if Chris made him an offer he can't refuse.
    Last edited by Beagle; 21-12-2018 at 08:02 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  11. #11771
    percy
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    I think you are right.I would not be surprised either.

  12. #11772
    percy
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    Well I am very surprised he is moving from HGH, with a market cap of near $768mil, to NZM with a market cap of near $100mil. ?

  13. #11773
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    Quote Originally Posted by percy View Post
    Well I am very surprised he is moving from HGH, with a market cap of near $768mil, to NZM with a market cap of near $100mil. ?
    NZM will pay him the big(er) bucks I reckon... they need to try turn that slowly sinking ship around
    New challenge for David etc... maybe the bank job isn't all that he thought it would be

  14. #11774
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    Quote Originally Posted by trader_jackson View Post
    NZM will pay him the big(er) bucks I reckon... they need to try turn that slowly sinking ship around
    New challenge for David etc... maybe the bank job isn't all that he thought it would be
    I'm not sure if hes a strategist or simply a good bean counter.
    For clarity, nothing I say is advice....

  15. #11775
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    "Heartland will consider its on-going requirements, particularly in light of the recent corporate restructure, and will provide a further market update prior to David’s departure.

    That's code Jeff uses to say he is going to start empire building .....probably a Group Finance person with a CFO for both both the Bank and Australia reporting to him. Sounds like more expenses to me
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

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