Axe, you happy with that announcement?
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Axe, you happy with that announcement?
In Jeffspeak "at the upper end" is definitely not "more than" (the word range is key)....ie somewhere between $47.2m and $47.8m which sounds like $47.5m to me. Bugger that's only $11.4m in Q4
The optimists are hoping the next announcement is "pleased we delivered more than previous guidance" or something .....but heck the years almost over if Jeff came out with that all credibility would go out the window as far as I am concerned
From 1 February 2015 when I basically came out and admitted the stock was fairly priced at $1.32 and no longer a bargain...sometimes I really hate it when I'm right and this is one of those occasions.
Impeccable timing by Quadrant, AGAIN. I think $2 is 4-5 years away now. Earnings growth in 2016 and 2017 will be likely to slow down with increased bad and doubtful debt provisioning for the reason's I've mentioned more recently. Very healthy sized fully imputed dividends means its a good hold for a sensible sized allocation in a well diversified portfolio in my opinion.
Economy is currently experiencing deflation in my opinion and is hardly going off like the rock star economy many were commenting it would last year is it !!
Good time to lean on a boat manufacturer for a good deal seeing as none of the farmers will be buying one. www.profileboats.co.nz I'm sure HNZ would loan me $100K with no payments till 2020 :D
Can you tell that I went to the boat show last weekend ?:lol:
Anyway getting back to being serious, I'm estimating a fully imputed final divvy of 4.5 cps up 1.0 cps on last year's final for a total of 7.5 cps this year fully imputed = 7.5 / 0.72 = 10.417 cents gross which on a SP of $1.29 gives us a current year gross dividend yield of 8.1% Prospects for growth in dividends for the next two years are fairly muted in my opinion but you are being paid quite well to wait for future growth when the economy is performing better so its a good hold in an ultra low interest rate environment, an environment that as I see it will remain for the foreseeable future.
Has HNZ become a dividend yield story now ?
Roger, from the Bank disclosure accounts I see your bad debt story is already unfolding
For 9 months the expense is a nice round $7m (nice round numbers in millions usually a guess?) compared to full year last year of $5.9m
The rate they are increasing full year probably $10m (more exact this time though) ....ouch
And that doesn't count any HER stuff