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31-07-2015, 10:49 AM
#5811
Sorry Mate Roger, didn't realise you were banned, welcome back. Missed you here, your honest and reliable analysis. I have loaded on Scales for last two days.
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31-07-2015, 10:55 AM
#5812
Winner - Handover - Love it...I have an interesting story to tell about how much pressure they put on people to reinvest towards the end...remind me to tell you sometime over a beer.
Jantar - I am not suggesting all of their loans to dairy farmers are in trouble, (note my cryptic reference to this being a $64 million dollar question). I was going to put $64,000 question but that hardly seemed appropriate in the circumstances. Within the normal statistical range, really ? When was the last time GDT auction prices were under $2,000 a tonne ? Some economists are whispering about a $3 pay-out level...how do you think dairy farmers with an average of 61% debt will cope with that nightmare ?
Thanks gv1. SCL now my biggest position. Superb, conservatively managed company with excellent growth prospects.
Last edited by Beagle; 31-07-2015 at 11:12 AM.
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31-07-2015, 11:17 AM
#5813
I may have missed this somewhere in the conversation, but dairy farmers now have an average 61% debt level?
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31-07-2015, 11:19 AM
#5814
Originally Posted by psychic
I may have missed this somewhere in the conversation, but dairy farmers now have an average 61% debt level?
HNZ's customers do and HNZ are taking an approach of supporting their clients through this and we all know what that does to the LVR
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31-07-2015, 11:22 AM
#5815
HNZ only say their loans to the specific security value is 61% don't they?
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31-07-2015, 11:30 AM
#5816
Originally Posted by psychic
HNZ only say their loans to the specific security value is 61% don't they?
And lets not forget about the other things they look at to assess loan quality.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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31-07-2015, 12:41 PM
#5817
Dairy's decline here to last ?
http://www.nzherald.co.nz/business/n...ectid=11489246
I make no apology for posting this article in here as its clear that the level of possible future default on these circa $230m, (and increasing), loans will be a major determining factor in HNZ's future profitability.
Last edited by Beagle; 31-07-2015 at 12:43 PM.
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31-07-2015, 01:17 PM
#5818
Originally Posted by Roger
I make no apology for posting this article......
Hey, no need to apologise. It the free sharing of information and opinions that allow each of us to make our own decisions. Keep it up.
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31-07-2015, 01:22 PM
#5819
Originally Posted by Roger
http://www.nzherald.co.nz/business/n...ectid=11489246
I make no apology for posting this article in here as its clear that the level of possible future default on these circa $230m, (and increasing), loans will be a major determining factor in HNZ's future profitability.
TPPA not looking too flash for dairy either
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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31-07-2015, 01:36 PM
#5820
Member
Originally Posted by winner69
TPPA not looking too flash for dairy either
Really? I thought one point of the TPPA was to breakdown barriers (tarrifs & the like) for our dairy exports.
(Semi-related, as selling milk helps pay for HNZ loans)
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