Co-Op Bank New zealand

[percy]

Hi winner69,your own thread,go for it.
lol.

[Snow Leopard]

So you can't buy shares in it and they don't do share brokerage.

Best Wishes
Paper Tiger

[percy]

So you can't buy shares in it and they don't do share brokerage.

Best Wishes
Paper Tiger

I feel the same,it is a waste of time talking about them,yet winner69 finds plenty to talk about them on HNZ thread.I just wonder who owns them.If it is a true Co-Op ,will members have deep enough pockets to recap it should they run into trouble> ? I would expect the risks would be a lot greater than a listed Bank such as ANZ,Westpac or Heartland who have shareholders they can call on.

[Lizard]

If it is a true Co-Op ,will members have deep enough pockets to recap it should they run into trouble> ? I would expect the risks would be a lot greater than a listed Bank such as ANZ,Westpac or Heartland who have shareholders they can call on.

Yes, I too would like to hear Winners comment on this, as it has been what has put me off investing there.

[percy]

Yes, I too would like to hear Winners comment on this, as it has been what has put me off investing there.

Haven't had a reply from winner yet?

[winner69]

Haven't had a reply from winner yet?

Didn't want to be seen talking to myself me old mate percy

[percy]

I just wonder who owns them.If it is a true Co-Op ,will members have deep enough pockets to recap it should they run into trouble> ? I would expect the risks would be a lot greater than a listed Bank such as ANZ,Westpac or Heartland who have shareholders they can call on.

The higher risks remain as it still appears that "the members" are the owners [shareholders] .
I can not see them being willing or capable of contributing to a recap should Coop ever need one.
A save business is a profitable business.It is therefore important that "the members" should know how profitable the Coop is, and what is done with the profit.To live in hope of an extra rebate or dividend may be morally fine, but in reality of a bank looking after deposits does not add up to prudent care of ones money or savings.

[winner69]

Only mention them now and again because they compete with Heartland for retail investors deposits - both using a NZ ownership / local message

Can 'invest' in them by lending them money .... a coop model that has some empathy with the concept that the worlds problems today are caused by greedy capitalists

[percy]

Only mention them now and again because they compete with Heartland for retail investors deposits - both using a NZ ownership / local message

Can 'invest' in them by lending them money .... a coop model that has some empathy with the concept that the worlds problems today are caused by greedy capitalists

Yeah Right.!!!

[winner69]

I think this could more comfortably sit in the NZDX thread, as it is more a discussion over debt than equity (even if it can't be traded)

Seems like the appropriate palce for comment is actually the HNZ thread after all .... keeping an eye on the competition

Like will the Bank of India have any impact on Heartland

Or is our thinking about Heartland so blinkered there is only one story