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Started by Waltzing, Feb 02, 2023, 02:17 PM

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Waltzing

no chairman save nearly 10 million over ten years ...

rest of board saves ....

whole department saves ...


then automate the IRD....


privatise schools ,hospitals ,  ect ..

increase auditor generals office ...


all government department except police and courts and defense are gone by lunch time...

save a fortune and the kiwi dollar could beat the dixie...

whistling Dixie ...


Waltzing

#106
ok china reserve bank now in panic...  no bazooka big enough ...

RNBZ conflicted as to what they will do next 75?

because if they do its a no admission panic ... we ... stuffed up... nothing to see here...

government hoping they wont have to cut cut cut ...

but really ? https://www.interest.co.nz/public-policy/130184/crown-financial-statements-reported-129-billion-annual-deficit-20232024

but is GDP being held up by government spending and not the real economy.

shes a blow out ....

https://www.nzherald.co.nz/business/government-deficit-widens-by-more-than-expected-partially-thanks-to-health-nz-and-higher-acc-claims-costs/CHBBOCW3HVBOLJGGCHGSIJ6JVY/

but whose counting ...




Waltzing


BlackPeter

Quote from: Waltzing on Nov 08, 2024, 12:18 PMANZ supporting some open banking API's .. third party

https://api.nzx.com/public/announcement/441588/attachment/431526/441588-431526.pdf

Hmm - currently not holding, i.e not too keen to dive too deep into their numbers, but looks like clever presentation. Find a year somewhere in the past where things have been still worse than the year you are presenting, and calculate the CAGR from that point. Just funny that they change the start year based on the specific parameter they are looking at. But I am sure, there are a good reasons for that.

Otherwise - ok-ish dividend yield (hardly imputed in NZ), but share looks for their earnings anyway somewhat overvalued (forward PE is 14.5, 10 year backwards PE is 14) . Earnings CAGR over the last 10 years was negative 1.5%, but for some reason they don't present this number in their report. Here is wondering :);

What can I say ... OK-ish dividend earner, though not particularly suited for NZ tax payers (loosing all these Australian franking credits) - and the share price looks at the moment a bit dear anyway.

Waltzing

well they ARE dear .....

and your AVE cost would if you owned likely to be a lot lower yes...

BlackPeter

Quote from: Waltzing on Nov 09, 2024, 09:23 PMwell they ARE dear .....

and your AVE cost would if you owned likely to be a lot lower yes...

True ... but doesn't it make more sense to invest based on future earnings perspective starting in the present rather than on past performance?

And don't misunderstand me - I tend to hold ANZ from time to time, I just prefer to buy them when they are low (not now) and sell them high.

Waltzing

Genau genommen .....

which may not be contextually correct...

but every 10 years the banks hit a high and one could also just wait

after all .... if you have been in markets long enough some sectors connected to the money supply might be best left as accumulators ...

its like investing in property without the hassles..




Waltzing


Basil

QuoteLike a dog with a bone, investment manager Greg Smith of Devon Funds refuses to give up on a call for a jumbo-sized cut to the Official Cash Rate (OCR) at the Reserve Bank of New Zealand's last meeting of the year, due to take place in a couple of weeks.
Loved this bit...he's taking a "dogged" approach lol
I actually think the economy needs a 100 bps cut to get moving again.

Waltzing

yes well that Devon might be barking at shadows ....

heres hoping but not expecting anything other than 50 ...


Ferg

Aussie bank stocks are on a tear.  Smartshares ASF which tracks the Aussie banks reached an all time high yesterday.

https://finance.yahoo.com/quote/ASF.NZ/

Waltzing


Waltzing

BASEL some number of the other for banks is now off the table...

its BANK BABY BANK... share buy backs coming ... except in NZ where high levels of capital T1 reserves will continue to stifle lending to business and others...

how on earth are banks making super profits when there capital T1's are high...
maybe they are just investing in short term Bonds and making money on the currency ... Buy T's and as the Kiwi goes south cash in the profits...

Waltzing

tax relief for companies is on the table according to the NZherald today..

and that means everyshare holder on the NZX gets that benefits including the banks...

has National finally woken up that its the economy stupid and wellington need to be closed down... AI will one day work... gemini 1.5 to flash 2 is an improvement on the face of it until it falls over...

but one day it will work and then government departments will get productive or will it simply get BIGGER!!!

NZ is at a cross roads ...  could the NATS have finally understood what they are supposed to represent....

PROFITS over LOSSES...

and banks need to make profits....

Waltzing

Ok the above post was wrong.. AI does not seem to work at ALL...

Gemini Flash 2.0 starts off well even impressive and then goes into repeat loops if it get overloaded and that does not take long....

In the US consumer protection agency for banking has been sent home....