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17-05-2017, 10:00 AM
#9411
We remain "well positioned," with eps increasing in the 9 months from 8cps to 9cps.
Very strong cash flow.
Last edited by percy; 17-05-2017 at 10:14 AM.
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17-05-2017, 10:09 AM
#9412
Originally Posted by Roger
What was their profit in Q4 last year W69 ? Add 16% to that as clearly momentum is building and take off a million or two for a final clean up of doubtful dairy loans and Bob's your uncle !
Speaking of dairy, I see we've had yet another increase in the auction overnight. I think we're out of the woods now.
Q4 LY was $14.6m but that included $4.9m of bad debt expense (Column V adjustment eh)
See the bad debt expense so far this year is up 25% on last year.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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17-05-2017, 12:03 PM
#9413
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27-05-2017, 04:27 PM
#9414
Gosh...I had to go back 4 pages to dig out the Heartland thread, very quiet, what's going on Percy
http://www.stuff.co.nz/business/9302...-smaller-banks
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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27-05-2017, 04:39 PM
#9415
Originally Posted by Roger
Just have higher margin business and make heaps eh
Don't seem to need much cash at moment going from current deposit rates - some ven lower than the big four.
Suppose you new call account gave them enough for a while
”When investors are euphoric, they are incapable of recognising euphoria itself “
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27-05-2017, 05:16 PM
#9416
Originally Posted by Roger
Nothing to say or report...........................however that may well change after I have heard Jeff Greenslade and Chris Flood present at Hobson Wealth on Wednesday night.
After last year's presentation I brought more.
Very profitable move .
Watch this space....lol.
Last edited by percy; 27-05-2017 at 05:22 PM.
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28-05-2017, 09:50 AM
#9417
Sharp downturn in bank home lending. If banks have $$$ looking for a home, will they be looking to other lending opportunities. (Yes of course!) More to the point, will they be looking at Heartland's key sectors and offering better deals to secure. And how much of a risk is it to HBL.
Percy, worth asking at next week's presentation?
https://www.interest.co.nz/news/8794...h-year-ago-new
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28-05-2017, 02:58 PM
#9418
Banking can be fun - if you get invited to the high finance parties
Originally Posted by Roger
Originally Posted by Arbroath
PT & Snoopy
no disrespect but this discussion between the both of you is intensely boring and blocking up the thread. Banks are very simple businesses. I am an ex-banker of 20 years....
Well I am still reeling from the irony of being called boring by a banker!
Best Wishes
Paper Tiger
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28-05-2017, 05:36 PM
#9419
Originally Posted by Paper Tiger
Well I am still reeling from the irony of being called boring by a banker!
Best Wishes
Paper Tiger
Hahahaaaaa... Touche !!
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30-05-2017, 01:17 PM
#9420
Just had a look at all the charts of the Australian banks I follow. Every one of them I follow including the smaller banks like BOQ and BEN have been slammed since the Australian Govt announced their new tax on deposits. Market very unhappy with this new policy...meanwhile HBL sails along unaffected Australian Govt books in a real pickle...wonder if this is just the start of a broader and deeper reach of new taxation on Australian corporates or whether the initial tax rate is just the thin edge of the wedge to get the banks used to being stung before they really sink the boot in ? Either way, it appears HBL shareholders are "well positioned"
Last edited by Beagle; 30-05-2017 at 01:22 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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