There must be a huge seller in the market right now (hence the depressed share price)... there are (and have been) a lot of sell orders around the $1.15 mark... any idea as to who it would be?
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There must be a huge seller in the market right now (hence the depressed share price)... there are (and have been) a lot of sell orders around the $1.15 mark... any idea as to who it would be?
Doesn't help to know who really, it's the collective "them"
but Hoop's chart this morning was a nice perspective of where it's at - retesting the breakdown line out of the channel.
check if the elephant looks pissed off......
Well one broking firm has been "holding itself at the ready."
Chris Lee & Partners Ltd.
Market News...27th July 2015.
Bank Issues-
We maintain our mail list for the prospect of subordinated bond offerings from the NZ banks.
And buying back shares good,especially with that pile of excessive capital being a drag on the balance sheet.
Buying back 10% of the shares would increase EPS by more than 1 cent and dividend should increase
Market uses same valuation ratios and just like that Heartland share worth 12/13 cents more. Yippee
If a buyback goes ahead my $1.40 becomes $1.50 plus
Depending on the size of the issue, it could have a significant affect on the share price.
A large issue means more funds available for the share buyback.
A share buyback will straight away improve ROE,EPS, and will result in HNZ having the capacity to increase the dividend further.