Sounds outstanding.
Waiting somewhat anxiously on if they will pay a dividend.
Our biggest holding. I guess we find out 17th whether its steak or sausages for dinner.
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Personally I'm expecting it will be a lower dividend than last years and that is fine (I'm with the school of anything is better than nothing).
Heartland will determine dividends (both interim and final) based on its net profit after tax, subject to maintaining a prudent level of capital for its needs. Heartland’s capital needs will vary from time to time, depending on a range of factors (including regulatory and credit rating requirements, general economic conditions, current and expected growth and the mix of business). A key objective is to ensure an appropriate balance between maximising shareholder returns, and protecting the interests of depositors through prudent capital management.
A billion will go a long way
a billion used to be a really big number. :eek2:
Okay so its good but these days there's money awash so would we expect anything less? It hasnt done much to the share price.
But its just par for the course really BAU even.
There will be serious money to be made in REL's over coming decades I reckon. They attract a premium margin cf standard mortgage (not sure why exactly - but I'm not complaining). Ownership equity remains high in all but a few cases and despite longevity increasing lenders risks are low and can be managed comfortably in the odd hiccup. Aussie property market is huge compared to here and for many of those approaching agedness with their super or their govt sponsored annuity aka pension it is a perfect solution.