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12-10-2016, 09:56 AM
#8201
The quarterly KPMG review of NZ bank's performance out
For those who love to salivate over how good our finance company (bank in drag) is here it is to have a look through
https://home.kpmg.com/content/dam/kp...ly-kpmg-nz.pdf
Mind you the 65 basis points drop in interest margin over 6 months looks a bit ugly - must be a mistake, as they say don't believe everything you read on he internet
Last edited by winner69; 12-10-2016 at 12:25 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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12-10-2016, 10:08 AM
#8202
Originally Posted by winner69
Mind you the 65 basis points drop in interest margin over 6 months looks a bit ugly - must be a mistake, as they say don't believe everything you read on he internet
Yes could be a mistake
Still nearly double the next highest, also higher than 12 months ago, when most are lower - this is extremly impressive given a backdrop of OCR cuts, imagine how great this could be when interest rates start rising again?
I look forward to those impaired assets, mostly related to dairy, improving dramatically this coming next year
Last edited by trader_jackson; 12-10-2016 at 10:09 AM.
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12-10-2016, 10:28 AM
#8203
Originally Posted by trader_jackson
Yes could be a mistake
Still nearly double the next highest, also higher than 12 months ago, when most are lower - this is extremly impressive given a backdrop of OCR cuts, imagine how great this could be when interest rates start rising again?
I look forward to those impaired assets, mostly related to dairy, improving dramatically this coming next year
You been sucked in by the hype there trader with those high interest margins
Not really comparable to the other real banks - you would expect a finance company to have a higher margin
But warm fuzzies go a long way
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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12-10-2016, 10:33 AM
#8204
Originally Posted by winner69
Heartland use the words digital and seamless a lot in this modern ever changing world
Good they use a (dodgy?) P2P platform for consumer loans and a little black box can approve business loans in a few minutes without human intervention .........but if one wants to put some cash on term deposit you need to ring and talk to a real person .....hmmmm
And then the nice guy at Heartland says that internet banking doesn't work that well on mobile devices - best to use a desktop he says
Hmmm
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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12-10-2016, 01:04 PM
#8205
Yes....after some time of stuffing around I found that neither of my Apple things would work.
An Android thing would work....however I have to make a special setting each time.....can't exactly recall what as I have largely given up on it while shore bound. They did say they were addressing it...and would let me know when.
Pain in the A !
Originally Posted by winner69
And then the nice guy at Heartland says that internet banking doesn't work that well on mobile devices - best to use a desktop he says
Hmmm
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12-10-2016, 01:26 PM
#8206
Originally Posted by winner69
The quarterly KPMG review of NZ bank's performance out
For those who love to salivate over how good our finance company (bank in drag) is here it is to have a look through
https://home.kpmg.com/content/dam/kp...ly-kpmg-nz.pdf
Mind you the 65 basis points drop in interest margin over 6 months looks a bit ugly - must be a mistake, as they say don't believe everything you read on he internet
Thanks for the link.
Yes always makes for good reading.
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12-10-2016, 01:28 PM
#8207
Originally Posted by RTM
Yes....after some time of stuffing around I found that neither of my Apple things would work.
An Android thing would work....however I have to make a special setting each time.....can't exactly recall what as I have largely given up on it while shore bound. They did say they were addressing it...and would let me know when.
Pain in the A !
Maybe that shareholder at the last ASM who commented on Board diversity (especially in the context of modern thinking and technology things) by saying 'just look at you all, a row of old fuddy duddies' had a point
Possibly none of them of heard of Android anyway
Missed the opportunity of not appointing somebody like Raz's recommendation recently
Last edited by winner69; 12-10-2016 at 01:29 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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12-10-2016, 01:28 PM
#8208
Originally Posted by winner69
And then the nice guy at Heartland says that internet banking doesn't work that well on mobile devices - best to use a desktop he says
Hmmm
They will need to get this sorted very quickly.
It is the way the world is moving.
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12-10-2016, 04:01 PM
#8209
Originally Posted by winner69
The quarterly KPMG review of NZ bank's performance out
Mind you the 65 basis points drop in interest margin over 6 months looks a bit ugly - must be a mistake, as they say don't believe everything you read on he internet
May pay to read the footnote on page 17.
Looks to me as though all the banks are in good shape.
Last edited by percy; 12-10-2016 at 04:10 PM.
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13-10-2016, 02:36 PM
#8210
From my mate Cam
@ANZ_cambagrie: ANZ consumer confidence lifted in Oct to highest since mid-2015, driven by optimism about the economic outlook. https://t.co/JlMGukSRBJ
Wow - consumer confidence high + economy booming = punters borrow more = good for Heartland share price
How can a fantastically managed finance company strategically targeting niche markets not do well in this environment.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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