Good on investors who got in at lower levels and despite the recent share price fall, are still sitting on a good capital profit while those dividends continue to flow. Personally I do not regret not getting in earlier. The risk/reward ratio an investor is comfortable with is a personal choice. 'Benefit of hindsight analysis' does not show that those who made the choice not to invest at the time made the wrong choice. I have been researching Heartland for many years and was well aware of alternative future paths at the time that Heartland could have followed, not all of those alternative futures being under the control of management! Five years of navigating through challenging market conditions gives me more confidence in Heartland's management's ability to navigate through the business ups and downs. I think that I have bought in at a risk/reward sweep spot. At this point I am happy to put my HGH shares in the bottom drawer and harvest the dividend stream. But if they can gain more traction in Australia, then all power to them. It will be 'growth for free' for me.
I sense 'mixed mind messages' with the statement of being in for the medium term countered by the caution of short term chart signals. But I understand that 'no spare change' is the most legitimate ultimate trump card in this investment strategy game!Quote:
I voted against this restructure.
But I am not particularly concerned about the timing of Heartland's expansion in the Oz market. It is a long game and now is as good as any other.
So the $64 question: Does the Snow Leopard think a $1.38 is good value for money?
The $64 answer: Yes.
The $65 question: Is the Snow Leopard buying?
The $65 answer: No. Look at that chart! (but really it is because I have no spare change)
SNOOPY