HGH - Heartland Group Holdings

[percy]

Percy would thank for Perrier :-))

Certainly would.!!!
I need a good bit of cash to help one of my daughters out,so that is why I did not take DRP.
Pierre.We remain "well positioned."!!..lol.

[winner69]

Hope that Heartland's (and other NZ banks)sympathetic 'support' of troubled dairy farmers isn't anything like this GRG group that the RBS ran

https://www.buzzfeed.com/heidiblake/...R7W#.nipaPkKV9

Totally irrelevant but an intriguing story

[janner]

Certainly would.!!!
I need a good bit of cash to help one of my daughters out,so that is why I did not take DRP.
Pierre.We remain "well positioned."!!..lol.

Ha !!!.. Women.. We love them all.. Especially our own..

[fish]

Hope that Heartland's (and other NZ banks)sympathetic 'support' of troubled dairy farmers isn't anything like this GRG group that the RBS ran

https://www.buzzfeed.com/heidiblake/...R7W#.nipaPkKV9

Totally irrelevant but an intriguing story

Even more irrelevant to Heatrland Bank(i hope)
My oldest brother was a senior manager at Nat West at the time RBS bought them out.
He couldnt ignore what RBS were doing and telling him to do.
People can be so easily encouraged to take loans when offered.
He got out just before the crash with a good retirement/redundancy package and sold all his RBS shares.
My youngest brother didnt sell.
The oldest is having a lovely life-doing as he wants always in summer climes-6 months northern hemisphere and 6 months southern every year.
The youngest is stuck in the uk-no longer in the bank-and scraping.
Wisdom comes with age and experience.
Timing is everything.
We need to watch the type of lending Heartland Bank is doing.
Insider knowledge can be very useful and should never be ignored

[trader_jackson]

https://www.nzx.com/companies/HBL/announcements/290626

Very nice to see, although not surprising for me.

Should at least provide strong support during these volatile times

[beetills]

if they make a significant aquisition then would the credit rating go up or down.

[trader_jackson]

if they make a significant aquisition then would the credit rating go up or down.

If they made an acquisition of something that had a lower credit rating, I would expect the credit rating to go down... if they made an acquisition of something that had a higher credit rating, then I would expect the credit rating to go up.

If they brought UDC, I believe the credit rating would not change as although UDC have a higher credit rating, this is mainly due to the fact ANZ own them... (although on second thought maybe go up a notch)

I believe HBL is deserving of a slightly higher credit rating, what do others think?

[percy]

If they made an acquisition of something that had a lower credit rating, I would expect the credit rating to go down... if they made an acquisition of something that had a higher credit rating, then I would expect the credit rating to go up.

If they brought UDC, I believe the credit rating would not change as although UDC have a higher credit rating, this is mainly due to the fact ANZ own them... (although on second thought maybe go up a notch)

I believe HBL is deserving of a slightly higher credit rating, what do others think?

Yes I did think they would warrant a higher rating.
When I spoke to Chris Flood a few months ago about this, he told me they were already getting funding/deposits at very good rates, and had no need for a higher rating.

[boysy]

Sounds like baloney Percy as a banker any company would crawl over glass to obtain a higher credit rating if anything to obtain a higher level of respectability. The BBB rating shared by the likes of bank of baroda(nz), co op and SBS.

[percy]

Sounds like baloney Percy as a banker any company would crawl over glass to obtain a higher credit rating if anything to obtain a higher level of respectability. The BBB rating shared by the likes of bank of baroda(nz), co op and SBS.

Ring Chris Flood and tell him that,[09] 927 9066.
I can only repeat what he told me.