sharetrader
Page 891 of 1721 FirstFirst ... 3917918418818878888898908918928938948959019419911391 ... LastLast
Results 8,901 to 8,910 of 17210
  1. #8901
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    Just a small matter but nonetheless perhaps somewhat significant I noted in the half year report they were converting across Australian earnings at 98 point something cents and we're now at 91 point something.
    A 10% boost in Australian earnings due to the new lower exchange rate is not an entirely trivial matter.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  2. #8902
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    7,289

    Default

    Do we know how profitable the Australian operations are? I can't seem to find the number.


  3. #8903
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,737

    Default

    Quote Originally Posted by Roger View Post
    Just a small matter but nonetheless perhaps somewhat significant I noted in the half year report they were converting across Australian earnings at 98 point something cents and we're now at 91 point something.
    A 10% boost in Australian earnings due to the new lower exchange rate is not an entirely trivial matter.
    How much they make in Australia
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #8904
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    Let's ask the Oracle of all things HBL...come in Percy.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  5. #8905
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    I do not know how profitable Australia is for HBL.
    The REL business is growing faster there than in NZ.
    At 30/6/2016 they had a banking facility with CBA of $379 mil and approx $440 mil Credit risk exposure in Australia.
    They match their Australian risk with Australian borowings,so there is no currency exposure.
    It is just accounting for the Australian profit.
    This profit will increase as the REL business continues to grow,plus profits from Spotcap exposure,and profits from other products HBL make avaliable in Australia.
    .
    Last edited by percy; 09-03-2017 at 02:27 PM.

  6. #8906
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    Thanks Percy.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  7. #8907
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    7,289

    Default

    Yes, thanks Percy. Aust credit risks form a very minor part of the business at this stage - plenty of room to grow!

  8. #8908
    Missed by that much
    Join Date
    Jan 2014
    Posts
    898

    Default

    Quote Originally Posted by JeremyALD View Post
    Even worse I gave them the wrong account number the first time and they tried to withdraw from that. Then I emailed them the new number and shortly after the 15K was gone! No signing or anything.
    I applied for the full $15k on Wednesday, and as of this morning the money is still in my bank. Appears they are quicker with some than with others.

  9. #8909
    Senior Member
    Join Date
    Sep 2016
    Posts
    923

    Default

    Quote Originally Posted by Jantar View Post
    I applied for the full $15k on Wednesday, and as of this morning the money is still in my bank. Appears they are quicker with some than with others.
    You might want to call them just in case as the close off is today.

  10. #8910
    Member
    Join Date
    Feb 2016
    Posts
    139

    Default

    Check your bank account allows Direct Debits. That can be the problem, if it can't.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •