Well that was an early announcement for Heartland. Usually its later in the day.
And yes....most welcome Percy.
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Adjusted NPAT within guidance as expected and F24 guidance is for a little more
Seems Jeff is trying to bamboozle us with accounting jiggery pokery
The footnotes are about as long as the body of the report
Whatever we have to keep trusting Jeff eh
http://nzx-prod-s7fsd7f98s.s3-websit...247/401666.pdf
The number of abnormal / one offs / adjustments getting as bad as Fletchers efforts …though not on same scale
Bit of a shame really as for years accounts etc were always so clean
W69 I'd read that as the outside world influence rather than anything else. Result about as I expected, guidance for next FY steady as she goes.
Looking to 2025 and onward for my portfolio incl hgh.
Not alarm bells yet rawz
But my confidence / admiration / faith in Jeff is waning
But he did say they going to double profits in next 5 years
So 110m to 220m …. Suppose getting to say 120m in 2024 is a small step on the way …but will have to do a lot better than for the following 4 years
as i said last report nim's under pressure , but not surprising all bank type stocks under pressure on nim's
Rawz ….Book Value is $1.45 ……up a bit from $1.36 last year
New capital was $201m and Retained Earnings etc increased by $21m