Crikey you would vote against Warren and Charlie...lol
Our Gregg is still using his brain.He has attracted the incredible CEO Simon Limmer to his Indevin bussiness.
Printable View
Has anyone heard any rumblings about the progress of the Australian Banking Licence?
Fy2024 NPAT $116-122m not included Challenger bank
The SP has no reaction....tough market to please alright!!!
How many times they say resilience and resilient
4. Outlook
We expect FY2024 to be a more challenging year due to high interest rates impacting borrowerdemand and credit quality. We are also seeing greater competition for deposits due to major banksrefinancing the COVID-19 funding for lending programme. Initiatives to address this are underway,including Heartland Bank’s new Digital Saver on-call deposit product, targeting lower cost and lesscompetitive parts of the yield curve.The first quarter is typically slower, and this was exacerbated by election uncertainty, whichimpacted Motor Finance in particular, but there are signs of a bounce back post-election andpipelines are strong. Meanwhile, Reverse Mortgages and Asset Finance growth has continued. Astrong commitment to ensuring good customer outcomes, alongside proactive portfolio pricing andmargin management will remain a focus, especially in this challenging environment.
jus as we thought ... feeling the pressure from slowdown and competition , similar to aus company commentaries in the space
Not likely. Chair Greg Tomlinson waxed lyrically about Heartland's dividend record to date BUT then suggested quite a bit of dough needed to expand in Australia so dividends NOT GUARANTEED going forwards!
SNOOPY
P.S. Loved the bit where Tomlinson tried to close the meeting prematurely BEFORE the vote was held for his own re-election to the board! (LOL)
Yes and all sensible commentary from the board - although you omitted the guided growth in NPAT part lol
Nothing guaranteed in life.
HGH got a bit of flack on this board when it announced its FY22 results, raised capital for stockco, but still paid a final dividend. And fair enough - paying a dividend only to request money back?
It's been my view for sometime that if Challenger was to proceed the business would undertake some form of capital raising - not just for Challenger, but capital to capitalise it to grow the AU book and all the prudential requirements an ADI brings. Clearly the shape and form of any interim dividend should form part of the sources and uses discussion at the Board table. I noticed the comment too but didn't read more into it than that.