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09-02-2016, 09:32 AM
#7011
Raz - A good Huntaway has already barked loudly about this issue, (well in advance of the trouble coming).
https://www.youtube.com/watch?v=dYW-0Ml1jg4
Last edited by Beagle; 09-02-2016 at 10:24 AM.
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
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09-02-2016, 10:22 AM
#7012
Originally Posted by Yeshiva
Wen I woke up at 6am, the clouds were touching the summit of the hills at the farms in the distance.
At 8am, the clouds had descended to around 25m from the top of the summit.
this is clear evidence that the sky is falling.
I have recited the shema relentlessly this morning to be on the safe side.
Can't understand why you thing the sky is falling ....it's all fine and dandy in this part of the world .....and in the Heartland world as well
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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09-02-2016, 10:32 AM
#7013
Originally Posted by winner69
Can't understand why you thing the sky is falling ....it's all fine and dandy in this part of the world .....and in the Heartland world as well
Banks are getting sold off overseas, hard to escape the ripples.
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09-02-2016, 10:53 AM
#7014
Downtrend forming - will we see sub 1.10? Banks are hurting with the current commodity crash...
Last edited by NZSilver; 09-02-2016 at 10:55 AM.
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10-02-2016, 08:57 AM
#7015
At $1.15 Heartland trading at ~1.1 Book Value
Seems about right in these uncertain times.
So no more share price decline and compelling value at this level
Last edited by winner69; 10-02-2016 at 09:07 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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10-02-2016, 09:05 AM
#7016
Originally Posted by Raz
Watch closely Dairy exposure with all the Banks, the first move to the exits by a Bank have started with one basically taking control of 35 dairy farms, freezing their accounts and requiring consulting on any expenditure moving forward , they have been advised they will be sold up by season end. The sell off alone could could reduce the market to 250-400$ per cow.
Raz, tell me more about this, where have 35 farms been taken over by a Bank ?
Anyone else know anything about this ?
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10-02-2016, 09:30 AM
#7017
Originally Posted by Raz
Watch closely Dairy exposure with all the Banks, the first move to the exits by a Bank have started with one basically taking control of 35 dairy farms, freezing their accounts and requiring consulting on any expenditure moving forward , they have been advised they will be sold up by season end. The sell off alone could could reduce the market to 250-400$ per cow.
I would think the price at the works would be around $1,000. Does anyone know the current works price?
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10-02-2016, 09:49 AM
#7018
Originally Posted by winner69
At $1.15 Heartland trading at ~1.1 Book Value
Seems about right in these uncertain times.
So no more share price decline and compelling value at this level
ANZ is in a similar basket (1.2 I think - lowest of the big aussie banks - should be no more decline for them one would expect... on PE and NTA value, ANZ is even cheaper I believe...)
Disclosure: not holding, but very interested in ANZ (holding heartland for a good 6 months)
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10-02-2016, 10:20 AM
#7019
Originally Posted by percy
Australian banks face a few challenges Heartland don't;
Slow down in mining sector.
Slow down in manufacturing sector.
Slow down in the retail sector.
Slow down in real estate housing market.
Possible a tightening of European wholesale funding.
Possible Australian Reserve Bank requiring Australian banks to have a much greater capital base.
Above post #3921 posted 12-11-2014.
I therefore look forward, with confidence ,to Heartland Bank's interim result on the 23rd of this month.
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10-02-2016, 10:26 AM
#7020
To be fair though Percy, since that post the Aussie banks have completed their capital raise through Tier 2 Basil 3 compliant subordinated debt issues. Its good that HBL are endeavouring to do a Tier 2 issue as well in April and I hope it goes well for them.
Last edited by Beagle; 10-02-2016 at 10:28 AM.
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
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