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28-03-2017, 02:13 PM
#9211
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28-03-2017, 02:30 PM
#9212
A while back I posted a comparative analysis with other banks showing HBL was worth at least $1.73 - $1.76, probably more because of its superior growth rate. I backed that with real money, not theory or conjecture, (further investment) today.
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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28-03-2017, 02:34 PM
#9213
Originally Posted by Roger
A while back I posted a comparative analysis with other banks showing HBL was worth at least $1.73 - $1.76, probably more because of its superior growth rate. I backed that with real money, not theory or conjecture, (further investment) today.
No wonder the share price is up 2 cents today to $1.64!
When can I expect to see an SSH notice?
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28-03-2017, 03:06 PM
#9214
This guy reckons UDC under the Chinese will sort of struggle
Heartland must be looking forward to the day it's all finalised ....yes?
http://www.interest.co.nz/opinion/86...od-udc-finance
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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28-03-2017, 03:44 PM
#9215
Originally Posted by winner69
HNA group have certainly been on the acquisition trail. Took a stake in Virgin airlines last year from AIR at A32 cents a share, (current SP A19.5 cps) so they've certainly done very poorly to date with that investment. Who really knows what's behind the group in terms of funding though and what are the ramifications in regard to UDC, your guess is as good as mine although its clear if they are still going to be chasing N.Z. debenture funding the dramatic anticipated reduction in their credit rating will have very serious implications for their funding costs.
HBL have their own way of doing things and it seems to be working just fine.
Last edited by Beagle; 28-03-2017 at 06:21 PM.
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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28-03-2017, 05:36 PM
#9216
Member
Thank you PT & Snoopy for responding to my post.
Last edited by Felonius; 29-03-2017 at 11:14 AM.
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28-03-2017, 10:22 PM
#9217
Some huge percentage moves in Bendigo bank and Bank of Queensland today on the ASX. Hmmm...might have to look into that tomorrow and do an updated comparative valuation for HBL
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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31-03-2017, 02:51 PM
#9218
So here we go. HBL announces offering up to A$ 20 M of subordinate unsecured convertible notes to certain institutional investors
https://www.anzshareandbondtrading.c...spx?id=4395112
Last edited by iceman; 31-03-2017 at 02:52 PM.
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31-03-2017, 02:52 PM
#9219
Member
In plain english to a mediocre student,what does all this mean.
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31-03-2017, 03:08 PM
#9220
Subordinated unsecured convertible notes.
They are Tier 2 bond,a debt instrument,issued for a 10 year term.HBL can repay early,and under extreme circumstances the bond holders could convert their bonds to shares.
I have been expecting some form of bond issue for sometime.It is smaller than I would have hoped for.
However positive.
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