A cabbage would increase the diversity - and that aint necessarily good
You are a braver person than I am coming up with a stereotype like that!
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Maybe the forward looking PEs are worth considering (estimations after all) but what about the credit ratings? HGH is on BBB from Fitch while ANZ, BNZ, ASB/CBA, WBC are on AA- or equivalent from S&P, Fitch and Moodys. In case you think this does not matter, I still smart from losing on South Canterbury with a BBB rating (investment grade, remember).
Good post Beagle. No question in my view that HGH is and has been for a long time, a very good long term investment. Probably quite fully priced at the moment but a good steady dividend payer.
Having said that, I am a little intrigued that HGH is relying quite a lot on SH taking up the DRIP with regard to the expected capital ratio. Would it not be more prudent to simply lower the dividend payout ? I realise this would not go down well with many SH but how will the deal with it if SH do not take up the DRIP ?
Thanks Iceman. DRIP current level of take-up is sufficient to achieve the current RBNZ's target capital rate of 15% but I expect the RBNZ will lower that rate.
DRIP take-up rates can be encouraged if necessary, as I am sure you appreciate, through varying the discount level of new shares in lieu of dividend.
I think a lot of retired and semi retired folk rely on the dividend income from high yielding stocks like HGH to support a comfortable lifestyle and its likely that the directors of HGH are cognisant of that. I don't think they need to do anything. Shares currently right about fair value in my opinion.
Interesting article
Nothing to do with Heartland but interesting
https://www.smh.com.au/business/bank...04-p51k1i.html
A cabbage would not increase the 'diversity of thinking' so you'll need to be a little more inventive and try to reduce the number of angry-old-man rant farts
Quite frankly - it still makes me nervous how David Mackrell came and went so quickly
Is there any particular reason why you put this article about BS'ers into the HGH thread?
re that article though I'd be much more interested in the results from an older sample of people. Teenagers are notorious BS'ers , and I note that I would've claimed expertise in at least two of those three fictitious areas of maths. And I dont consider myself a BS'er (though self evaluation is often flawed).