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13-10-2016, 08:05 PM
#8211
Originally Posted by winner69
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.
Great stuff really, both the economy, and Heartland's proven niche approach providing ample profit... looks like both the NZ economy and Heartland are truly "well positioned"... you'd think then that some people got a bargain today with that unexplained and sudden drop to $1.48
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13-10-2016, 08:14 PM
#8212
Out of tune with the Wind section
No one worried about the troubles at Harmoney?
Best Wishes
Paper Tiger
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13-10-2016, 08:37 PM
#8213
Originally Posted by Paper Tiger
No one worried about the troubles at Harmoney?
Best Wishes
Paper Tiger
Bad news doesn't happen
Posted this on Harmoney thread with no response. Seems pretty major developments -
Last edited by winner69; 13-10-2016 at 08:43 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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13-10-2016, 09:07 PM
#8214
I hope Jeff is on the phone to this guy first thing in the morning. Sounds like a jolly decent fellow. If the greedy big guys don't want him I'm sure an empathic local bank will greet him with open arms
http://www.nzherald.co.nz/business/n...ectid=11728325
He be given Premier Service with Heartland even without his 100 grand (hope he doesn't use an iPhone for internet banking though)
”When investors are euphoric, they are incapable of recognising euphoria itself “
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14-10-2016, 07:57 AM
#8215
Originally Posted by winner69
Bad news doesn't happen
Posted this on Harmoney thread with no response. Seems pretty major developments -
I have posted my thoughts on the Harmoney thread.
I think it is "material" to Heartland as they are both a shareholder, and a major lender via Harmoney.
So they have capital at risk,and will lose future lending profits should Harmoney close.
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14-10-2016, 09:13 AM
#8216
Hmm - somebody seems to have pulled that link - I only get error 404 when trying to follow it.
Anything we should know?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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14-10-2016, 09:17 AM
#8217
Member
Originally Posted by BlackPeter
Hmm - somebody seems to have pulled that link - I only get error 404 when trying to follow it.
Originally Posted by BlackPeter
Anything we should know?
here it is -
http://www.interest.co.nz/business/8...-overrule-over
Last edited by AndyLP; 14-10-2016 at 09:19 AM.
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14-10-2016, 09:32 AM
#8218
Originally Posted by AndyLP
cheers.
Had a look through it - and it looks like our consumer credit law might need some fine tuning to allow for organisations like Harmony to charge fees for their services. However - I don't think that this is something likely to kill Harmony. Even if laws don't change I am sure there would be an infinite number of other ways to charge for Harmony's services which would be compliant ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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14-10-2016, 04:47 PM
#8219
They must still be confident.....
http://www.sharechat.co.nz/article/6...oost-stakehtml
"Heartland Bank, the NZX-listed lender, has lifted its stake in Harmoney Corp, injecting $4 million of new equity into the*peer-to-peer lender.*
The Auckland-based bank paid about 50.9 cents apiece for almost 787,000 shares, increasing its stake to 13 percent, filings to the Companies Office show. That's the same price as was paid by*Stone Ridge Ventures and P2P Global Investments when they pumped*$8.8 million into*Harmoney in its last capital raise in February.*
Harmoney said the funds raised .....etc "
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14-10-2016, 05:53 PM
#8220
Originally Posted by RTM
They must still be confident.....
http://www.sharechat.co.nz/article/6...oost-stakehtml
"Heartland Bank, the NZX-listed lender, has lifted its stake in Harmoney Corp, injecting $4 million of new equity into the*peer-to-peer lender.*
The Auckland-based bank paid about 50.9 cents apiece for almost 787,000 shares, increasing its stake to 13 percent, filings to the Companies Office show. That's the same price as was paid by*Stone Ridge Ventures and P2P Global Investments when they pumped*$8.8 million into*Harmoney in its last capital raise in February.*
Harmoney said the funds raised .....etc "
Thanks for the link.
On HBL's investment in Harmoney;
"The investment is a vote of confidence in the future and growth prospects of Harmoney."
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