The relentless increase in fully imputated dividends has been something I have learnt to live with.
Like a great number of Sharetraders who brought HGH at well under $1.00, I have never had cause to complain.
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What I like about HGH is the dividend never disappointing me. Always increases...n DRP is fabulous...just like term deposit with compounding interest...but better...
We live in a very perilous world which includes finance.
Passing judgements with the benefit of hindsight can hurt the wrong people .
I suspect Snoopy is too resilient to be hurt but I can understand if he was feeling frustrated.
Banking,borrowing and lending can be very risky and I appreciate all thoughts.
The diligence and time snoopy has put in is much appreciated by many.
Snoopy has skin in the game and we should all listen and see value in what he has to say.
An optimist will never agree with a reasoned pessimist but we should listen to both before making investment decisions
I have a brother who was a senior manager at National Westminister Bank-doing really well-then they were taken over by Royal Bank Scotland .You may Know the story but he saw what was happening and his only way out was to sell his shares and negotiate good leaving package at the age of 55.With that secured he continued to do contract work in his specialised field(unrelated to RBS misdeeds) until things went to custard.Another brother also working for Nat West did not sell-and for many years we heard his regrets .
Thanks for that 'blast from the past' Percy. A pretty good post from me in 2011 and It holds lessons for us today. The 'old rope tied up with a frilly bow knot' has held together. It has even managed to 'wrap up' Seniors Finance along the way. All good. Even the credit rating has gone up, by one half notch anyway.
But I think the veneer coating that was painted on Heartland creating a bank is getting a little thin. A bank that has outsourced its personal banking functions is hardly a bank for people in my books. But by qualifying as a 'bank' in technical terms, even though they have given up their banking licence to Westpac, Heartland are able to get away with offering call investments at 1.6%. I doubt if many investors would invest with 'Marac' or the 'Canterbury Building Societies' directly on those terms. Call yourself a bank and many people don't read beyond the 'b'. But Heartland have three B's in a row, and think they can align themselves in the public mind with banks that start with 'AA'. Which obviously they do as people keep investing with Heartland at what I consider inadequate interest rates. It is a repeat of what happened nine years ago with Heartland offering significantly lower interest rates than the then PGW owned PGW Finance for the same risk,
So what to do? What is bad for depositors is good for shareholders, so buy HGH shares! That is one point that I think Percy and I can agree on, even if we have different views on what price point to pay. For the record I see fair value for HGH at $1,63, as derived in my post 12556 for those you want to look it up.
SNOOPY
It is always good to read and consider alternative viewpoints. Thanks for your posts Snoopy. Greatly appreciated.