Funny haha and funny peculiar:lol::bored:
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Yes unwarranted panic due to crystal ball gazing . and BS re-Ostriches!!
No-one can predict the future no matter how reasoned their arguments may be . Not needed with this company , they have proven themselves over time and with current management will continue to do so.
Onwards and Upwards , eh Percy!!
1) Excellent results announcement. Sorry, stunning!
2) Dairy up almost 15% overnight and lower than thought sharemilker loans.
3) Share buyback
4) Rogers tick of approval buying back in
All looking pretty positive. Could be the perfect storm for shareprice increase.
https://www.globaldairytrade.info
Just a quick question re participating in the DRP, do you still receive imputation credits which can be used in the normal fashion?
Yes you do. The DRP is really where they take your net dividend and use that money to buy (allocate or issue) shares to you. So your dividend statement will be the same as if you had not participated but on it will also show how many shares you were allocated at what cost. Hope that helps.
Thanks blackcap.
If heartland continues to be so cheap (ie below $1.15) I will probably take the DRP over the cash dividend!
One swallow does not indicate arrival of spring but the promising rise in GDT might ease a bit of concern over HNZ's exposure to dairy farms, a lift up over the $1.14 I paid yesterday I am hoping.
The criticism is water off a ducks back to me. Fact is I called it right as fully valued at $1.32 when dairy was more robust earlier in the year and on balance, (and I will put this is bold as some seemed to have missed me making this point before) seeing as HNZ have only now confirmed sharemilker loan exposure is only 6.6% of their dairy loan book) their exposure to the highest risk sector of dairy is modest.
I stand by earlier comments that there will be serious losses in the dairy loan book but for those that can't work the numbers let me help you.
Since selling at $1.32 a 20 cent reduction in SP equates to a reduction in market capitalisation of $94m. By my judgement that's enough taking into account all the challenges the company now faces in regard to their most at risk parts of the loan book, including dairy and unsecured lending. No backflip folks, just an acceptance with the new information HNZ posted yesterday including their ability to make $48m after doubling their loan provisioning to $12m for the year that the company can make its way through the dairy trough and the wiping of $94m off their market cap is sufficient for me to consider them to be again fair value, as opposed to over-valued when they were higher.
Some have kept the faith and I have worked the over-valued situation on HNZ and re-deployed those funds for the last few months into SCL which is up 25% while contemporaneously avoiding a 15% decline in HNZ's SP. Sensible, pragmatic and profitable investing I would have thought. Disc: I still own Scales.
P.S. I was aware of the dairy futures price when buying back in yesterday.
The world is happy place again, dairy price moving up, gentailers got good management plans, apples taste lot better, tourism booming...the list goes on...