Vaccine is successful.. will see covid bad debts less risky
Us n europe banks are up 15 persen
$1.80...here we come!
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Vaccine is successful.. will see covid bad debts less risky
Us n europe banks are up 15 persen
$1.80...here we come!
Smaller regional banking index in the US up 17%
Banks have a very high Covid beta. Good news should flow through to HGH's share price and if it doesn't I am a buyer of more.
I’m guessing $1.40-$1.42 close tonight any other punters
Interestingly I've had both ANZ and Westpac on the phone this morning reminding me that my fixed interest period is coming due and would i like to get anything ready today!!
They must be getting nervous.
Edit:
both have now called twice, call centres first then local branch's
And Emails from ANZ, BNZ and Westpac gee I'm feeling important today :cool:
It has got a lot of catching up to do. Even given the performance so far today, I think it has underperformed the NZX50 by at least 22% in the past 12 months and 30% in the last two years.
When it listed as HGH on 31 October 2018 on the NZX the price was $1.54 I think.
Disc: long time holder of HGH and HBL
I agree 100%. Banks have a very high Covid beta and HGH is on compelling metrics for FY21 and beyond. By the companies own forecast they are on for earning 14.5 cps in FY21 so the forward PE is only 9.3 which is well and truly out of whack with the metrics the Australian banks I follow are now on. I bought more yesterday and have the highest number of shares I have ever held. I feel very well positioned and have high expectations of a strong rerating in 2021.
I also did the same. HGH TD to HGH shares.