Not convinced that in this particular case FuBar know what they are talking about :t_down:
That or they are downramping :p
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Not convinced that in this particular case FuBar know what they are talking about :t_down:
That or they are downramping :p
I think its well worth highlighting that HGH directors said yesterday they are ostensibly seeing no utilization of the Covid provisioning already provided for in FY20.
Forbar seem to have painted themselves into something of a corner here with their previous glum view and appear to be desperately trying to save face by doing a very slight upgrade to their forecast but at the same time reiterating their view that Covid provisioning is grossly inadequate. This seems incongruous with vaccine developments in recent weeks and the prospects of an economic recovery off the back of widespread vaccinations and reduced covid effect in early - mid 2021. I note for example a business confidence survey out yesterday saying business confidence had improved to the best level since Labour first got elected in 2017. That's an important lead indicator for how business's are feeling.
Who do you believe ? HGH directors working at the coal face of the business or Forbar's analyst who quickly and just to a minor extent tweaked their previously held glum view ?
My money is firmly on HGH directors with this one. I am on the same page as the Snow Leopard...should that worry me :eek2:
if your desperate and behind in your car payments you can either move to Aussi with a 2000 dollar incentive or pick kiwi fruit for a 1000 dollar incentive...
that should help anyone defaulting on there loans.
they are paying the locals to bring in the harvest... anyone thinking paintings of the harvest under the court of urbino, Count Montefeltro.
My money is firmly on HGH directors with this one. I am on the same page as the Snow Leopard...should that worry me :eek2:[/QUOTE]
To add to your worries I concur with the directors and both of you ....lol.
To add to your worries I concur with the directors and both of you ....lol.[/QUOTE]
I’m more bullish than both of you and what directors are saying (with a smirk on their face if you knew what I knew like)
Proactive provisioning and that bottom drawer trick ...Jeff a master at that
It was clear in the report yesterday that many of the loans that we were most worried about earlier in the year, cars and small businesses for example, did exactly the opposite of what we feared and have been repaid faster than what was expected. Much of it due to businesses taking advantage of interest free Government loans to pay up interest bearing loans with Heartland. This and the fact that they are limited in the dividends they can pay out, has left Heartland's coffers overflowing with cash.
Jeez ... when all the gurus agree - isn't this when one should run for the hills?
Anyway - topped up yesterday during the AGM, holding less cash should make it easier to run :):.