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23-05-2024, 09:33 PM
#17531
Originally Posted by LaserEyeKiwi
If heartland really wanted to shake up things they should start offering 20-30 year fixed term mortgages. I dont think they will do that anytime soon while they absorb Challenger, but maybe an initiative for the future.
No banks in Australasia can offer fixed rate mortgages in NZ for more than 5 years for 2 reasons :
1. Lack of depth and liquidity in the wholesale fixed interest rate market.
2. No hedging mechanism using government risk free bond rates as government bonds are mostly up to 5 years duration.
So don't expect it anytime soon.
https://news.anz.com/new-zealand/pos...ages-explained
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23-05-2024, 09:43 PM
#17532
Originally Posted by SailorRob
One persons debt is another persons asset.
For every punter feeling the pain of rates another is feeling the glee.
The issue is new credit creation.
Not true at all in the case of NZ as NZ is a huge net borrower of overseas debt - External debt was US$223.6 billion* in Dec 2023.
Net foreign debt (after taking out foreign assets owned by NZ) was $191.9 billion.
What this means is that a 1% increase in interest rates = increase in $1.919 billion leaving NZ to offshore lenders.
*https://www.ceicdata.com/en/indicato.../external-debt
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23-05-2024, 09:55 PM
#17533
Originally Posted by Balance
Not true at all in the case of NZ as NZ is a huge net borrower of overseas debt - External debt was US$223.6 billion* in Dec 2023.
Net foreign debt (after taking out foreign assets owned by NZ) was $191.9 billion.
What this means is that a 1% increase in interest rates = increase in $1.919 billion leaving NZ to offshore lenders.
* https://www.ceicdata.com/en/indicato.../external-debt
Did I say that one KIWIS debt is another KIWIS asset?
No I did not.
And a 1% increase in rates dose NOT mean that the lenders get that 1%...
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23-05-2024, 09:59 PM
#17534
Originally Posted by SailorRob
Did I say that one KIWIS debt is another KIWIS asset?
No I did not.
And a 1% increase in rates dose NOT mean that the lenders get that 1%...
Of course you did - in the context of 'the issue is new credit creation.'
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24-05-2024, 09:38 AM
#17535
New directors
https://www.nzx.com/announcements/431674
Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) is pleased to announce that it intends to appoint Robert (Rob) Bell and Simon Beckett as independent, non-executive directors(subject to Reserve Bank of New Zealand non-objection), with effect from 27 June 2024.
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27-05-2024, 05:04 PM
#17536
Originally Posted by ronaldson
Market already today with buyers at $1.05. The era of cheap is over and the train has left the station. Just looking now as to where it will settle pending further updates/developments.
This from 22 May. Seems I caught the wrong train. O well, travelling is sometimes better than arriving at a destination.
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27-05-2024, 05:07 PM
#17537
Don't worry, remember Balance called the bottom perfectly.
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27-05-2024, 09:05 PM
#17538
Originally Posted by SailorRob
Don't worry, remember Balance called the bottom perfectly.
But of course!
Read post #17523 (23 May) :
Originally Posted by Balance
Flippers (those who took part in the CR and underwrite for a quick gain) are still there so am expecting sp of HGH to do more work around the $1.01 +/- level before the strong base is built to move the sp higher.
Try harder to keep up SR.
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27-05-2024, 09:32 PM
#17539
Monthly chart, with only a few days left to go, is interesting showing an indecision Doji Star (very tight high/low spread) centred at $1.01. It could go either way and easily interpreted as a bottom but the probably is greater that it is not, more than it is. It's what happens from here that matters. More on this probability here https://thepatternsite.com/DojiStarBull.html
Last edited by Baa_Baa; 27-05-2024 at 09:40 PM.
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27-05-2024, 10:00 PM
#17540
Originally Posted by Baa_Baa
Monthly chart, with only a few days left to go, is interesting showing an indecision Doji Star (very tight high/low spread) centred at $1.01. It could go either way and easily interpreted as a bottom but the probably is greater that it is not, more than it is. It's what happens from here that matters. More on this probability here https://thepatternsite.com/DojiStarBull.html
It could also be a Morning Star doji which has a much greater probability of upside movement in price, but as I said, it's what happens from here that matters. https://thepatternsite.com/MorningDojiStar.html
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