A Few Upcoming Floats
UMG Now Active United Malt Group Limited (UMG) is a commercial maltster globally, with 13 processing plants across Canada, the United States, Australia and the United Kingdom and approximately 1.25Mtpa of malting capacity. UMG's customers comprise global brewers, craft brewers, distillers and food companies. UMG also operates an international distribution business which provides a full service offering for craft brewers and distillers, offering malt, hops, yeast, adjuncts and related products.
Poor old ABA had finally had a run of new highs before the big C struck, now gone the other way. A few more at this time would probably be good, but not yet for me.
plenty of difficulties coming for the banks
but the share price isn't the whole story with the smaller banks , they are used to struggling so MIGHT have better strategies near term ( not just fly overseas asking for more capital )
the next couple of months will test investor sentiment
i hope they don't suspend the DRP this time when share prices are low
have never had an account with ABA , but had a similar issue with BOQ so only hold the shares and cancelled the account
Heritage is now my main bank but they would be hard for you ( you live further north than me if my memory is correct , so probably not many branches close )
i used to hold HBS debt notes but they matured some years back
i do my best to keep the bank balances low ( below $5,000 ) since interest rates are so low
Oddly enough we have a full service Heritage branch but our Suncorp branch is some sort of self service, help yourself, (no tellers) affair. Don't know how that works. Never been in it. I have two accounts with them but do it all online.
Very helpful bank I've found. NO fees at all on their pensioner account, and when I unwittingly overdrew last year some time they waived the fee on that too. Sent me a friendly letter and helped me establish a sweep facility to prevent it happening again. It is an account that I only use for direct debits and keep very little money in, other than a trickle from share trading profits.