You are learning.....lol.
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Some parts of me does believe these boring stocks are heading lower while people are going mad on the A2 buzz. It makes these boring companies look better for me in the long run. Not necessarily only hbl
Rerating continues with a close at 184 ....market deciding that multiples it been trading at too high
Maybe 150/160 is where it settles
Be a wonderful yield at those prices.
Many of us who brought well under $1.00 are loving the yield on our purchase prices,while those who brought under 60 cents. remain on cloud 9..
Keeps improving every year too.
Funny that.!
Great stock for your bowling club mates.Certainly beats the Co-Op's deposit rates they are getting.!..lol.
I'm also pleased to have sold half of my HBL holding at $2.11 so now doing a Percy and holding free shares :-) Been a great ride over the years. I will definitely stay in this one and no doubt accumulate again in the future. I like their steady EPS and dividend growth.
And just for you TA people I noted in my review of the chart this afternoon we have the very good makings of a head and shoulders pattern about to be completed if you get your 175 support in due course and a bounce to say mid 180's that should nicely complete the head and shoulders and then that gives them what ? over a 90% from memory ? chance of going down from there. Zero EPS growth and down they go to the average of the other banks, about a PE of 13. $1.50 - $1.60 looks quite possible to me. Just as well Winner's bowling club mates got onto the A2 rocket !