No worries .....share price rocketing up today
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Not where they are looking to grow.
PGW's market cap is $468mil at current share price of 62 cents.
That amount of capital would go a long way to buy UDC which would be a perfect fit with HBL.
HBL do already have an agreement in place with PGW, which was arranged when HBL brought PGW's finance division.
Umm, the HY report I read doesn't support your statement of no growth. It showed growth across almost all areas:
households +15%
personal +36%
vehicles + 15%
NZ reverse mortgages + 12%
business + 14%
rural + 17%
Australia +27%
Yes EPS was flat but I think its only fair to give them some time to get all the new capital working for us. I'm happy holding this stock although I have a lot less of it than I used to.
The current drop from $2.24 has me wincing...
However ... Still looking forward to the next DRP to add a few thousand more..
Still keeping the faith..
Top of the mountain was actually $2.14 in December 2017. Cunning folks sold at that price and recycled funds elsewhere :cool:
I have the old age but lack the cunning... ( Both, overcomes all )..
I still sleep well at night..
After all it is just money :-)))))
Forget the noise and work out your current dividend yield on your average HBL cost price,.
Then it is easy to see who the cunning one is.!!
No wonder you sleep well.
ps.Should you think the dividend will not be increased sell.
Should you think HBL have the capacity to keep increasing their fully imputated divie,sit back and enjoy it.I am..lol.