I brought more this morning.
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I brought more this morning.
Maybe. Result at top end of guidance. Directors have boosted the dividend quite a bit. Does that reflect confidence that the profit will be maintained even with dairy in its current strife? I think the half year result in six months will be interesting as it may more fully reflect the fallen dairy prices and a more general cooling in conditions.
So trying to figure out whether this is good or bad and how material.
I see this from the Harmony site.
"HARMONEY PASSES $50 MILLION
Peer-to-peer lender Harmoney says it passed a significant milestone this month with more than $50 million having now been lent via its online platform with more than 1.4 million transactions facilitated to date. Harmoney says this makes it the fastest growing peer-to-peer lending marketplace in Australasia" Date 28 May 2015 Interest.co.nz
So this is reasonably recent. That means a huge proportion of Harmoney's lending is funded by HNZ. So Harmoney is really just a branch of HNZ. I can't recall what % of Harmoney that HNZ own. Well, it will be at higher interest rates....but how secure ?
Pretty sure I read they were over $75M and on track for the $100m in 1 year target which must be coming up very soon.
11% ownership. Trademe is 15%. http://coys.co.nz/company/?no=517704...Y+CORP+LIMITED
Hope the share price doesn't go up too much before end of September
Get more cheap ones in the DRP .... lot cheaper than the $1.30 odd ones last time
That you backing the truck up there at 1.11 Percy? :)