At one stage HGH was hyped as a digital banking play.....Harmony etc. Maybe the PE Vals got ahead of themselves at that time??
Whatever, I wish holders well.
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Sorry to burst your bubble on your Heartland bank accounts Bjauck. But I am afraid, despite the Heartland label on the front, your Heartland bank accounts are Westpac accounts. So you are actually 'all in' with the big Australian(s).
SNOOPY
https://www.marketscreener.com/quote...44/financials/
Average analyst forecast for FY21 is $76m. Company's own forecast at mid point is $84m so it would appear the investment community are skeptical that HGH have provisioned sufficiently for Covid.
That said there's a nice growth path forecast with 13, 14 and 15 cps forecast for the next 3 years.
BUT - just for a laugh, lets pretend HGH isn't ever going to grow in the future, (I know that's completely silly but hang in there for a minute longer), and take the company's own forecast of 14.4 cps and apply a fair PE for the ultra low interest rate environment of 12 and we get a pretend fair value with no further growth ever of $1.73
HGH's PE has ranged between 11 - 17.5 in recent years. If others can't see the current opportunity, trust me I am not concerned as this for me is rated BBB - Beagle Busy Buying ;)
For you Left Field https://www.statology.org/what-is-a-strong-correlation/
We can't lose - it's fantastic Jeff and beagle are on the same page ...and they both use same methodology ...better still
Wonder what Jarden come up with ...could be the old sum of the parts are worth more than the whole.
if its BBB+ the market is pricing in one grade above junk at the moment.....:confused:
this sets up the ultimate the money or the bag....
or the Market versus the Beagle...:ohmy:
Yeah and another curious thing.Traders upramp , sprook, spin positive as they SELL and vice versa.Investors quietly fill their positions(for obvious reasons) then share their reasons why after. Then again beagle is no ordinary mutt.
HGH are starting to get into the benefits of Beagles with one on their home page https://www.heartland.co.nz/ but I reckon they need a younger keener looking one, maybe Snoopy could volunteer as I am starting to go grey and am too fat with profits and previous feeding :)
Heartland has a separate licence. What is the extent of their agreement? For example if Westpac were to be in difficulties and the OBR were instigated, would accounts at Heartland be affected too? Would the $100 cash I may have deposited at a Westpac branch, acting as agent for Heartland, for the credit my Heartland account, be frozen or included in the Administration of Westpac?
Does Heartland have to offer the same terms, conditions and interest rates as Westpac?
If It is just a matter of needing to go to a bricks and mortar Westpac branch to make cash and cheque deposits and cash withdrawals, then it would just be to use Westpac as an agent. It would not mean Heartland accounts are re-labelled Westpac accounts.