lol, well, if you're getting all Fibby, I have found 61.8 to be more reliable, even 78.6. Those are retracement levels of course. Fibonacci extensions are interesting too (might find that 1.40 sat at a powerful extension level of the original move down 88 to 30's) I'm guessing 1.618% as not near a chart with the right tools atm
The slow grinding down of the HNZ share price is sure getting painful .... worse than going to the dentist .... hopefully not an extraction next week
But there's always a bright side - that being HNZ hasn't been this cheap for 4 months. It's sale time .... c'mon guys and gals roll up and get the bargain of the century. Probably never to be repeated prices .... the bargain of the century
Be in early ....plenty of sellers on the sideline but I think 125 is the lowest they want to go
SMH say Banks sink ASX .....Banks are driving the losses as investors continue to take profits, or jump ship ahead of worst times to come, depending on your point of view
So in NZ it could be Heartland sinks NZX - is the story the same
But the bright side is that the sale is still on .... cheap shares and yes we are open tomorrow for you to pick up your bargain
SMH say Banks sink ASX .....Banks are driving the losses as investors continue to take profits, or jump ship ahead of worst times to come, depending on your point of view
So in NZ it could be Heartland sinks NZX - is the story the same
But the bright side is that the sale is still on .... cheap shares and yes we are open tomorrow for you to pick up your bargain
Yep, lets blame it all on Uncle Percy...(big Rodge slinks away and hides under his desk)
SMH say Banks sink ASX .....Banks are driving the losses as investors continue to take profits, or jump ship ahead of worst times to come, depending on your point of view
So in NZ it could be Heartland sinks NZX - is the story the same
But the bright side is that the sale is still on .... cheap shares and yes we are open tomorrow for you to pick up your bargain
As Warren Buffett said;"Only when the tide goes out do you discover who's been swimming naked."
Nude Australian banks are not a pretty sight.!
Alternative futures look more challenging for Australian Banks than NZ's Heartland.
Australian Mining Industry;In decline.
Australian Manufacturing,In decline.
Australian Automotive Industry,In decline.
Australian Retail Stores.In decline.
Australian Qantas.In decline.
One wonders whether Australian banks will look after Australian interests before NZ intersts.Will NZ Reserve Bank ask the Australian Banks to shore up their capital ratios for their NZ subsidiaries?
The future for Heartland looks a lot more secure to me.! New Zealanders serving New Zealanders.
Posted 28-02-2014.
Now we are seeing the Australian Banks having to raise capital to meet their new capital ratios.
No surprises there.!
Yet on 21/5/2015 Heartland stated " Heartland expects its NPAT for the year ended 30 June 2015 to be at the UPPER end of the previously advised NPAT range of $46mil -$48mil."
Just doing what they say they will do.
No surprises there.!
Posted 28-02-2014.
Now we are seeing the Australian Banks having to raise capital to meet their new capital ratios.
No surprises there.!
That's a truly depressing post of yours Percy, just as I was coming to terms with things and seeing he bright side.
You said the other day that HNZ is (rightly or wrongly) being tarred with the same brush as these Aussie banks and that is the reason why the HNZ share price is falling.
Does this mean that if things continue to get worse for the Aussies then HNZ will be rerated and won't trade at lofty multiples and we will see the share price continue to fall?
Doesn't look too good for the nextvyear or two does it?
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