Guess they are like me, expecting a very strong second half,as HBL maintain their strong lending growth.
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Jeff has said numerous times Heartlands fortunes are tied to the general state of the economy, ie GDP growth
Westpac economists view of the future are bit dismal (chart)
Probably why Jeff wants to see more profits coming out of Australia
What a load of the old proverbial - Westpac forecast or Jeff’s Statement it just my interpretation of both. Never mind ...little can go wrong with Heartland
Marketing - I can't tell if Heartland are actively looking at promoting themselves to New Zealand as an alternative option to the bigger banks and building societies. Would be great to see some positive marketing material and reaching out to New Zealanders. I am a big fan of New Zealand having their own bank and a strong one, keeping profits and jobs in New Zealand. Year on year this business has been doing a great deal of good for local economies and it is highly commendable. Wonder if they hooked up with some of the retirement villages and got some old money coming in to the bank. I'm sure a lot of the wiser citizens would prefer to keep things nationally when it comes to banking and New Zealand operated businesses.
Quite a few punters reckon that that Slide 17 is code for Tainui / Ngai Tahu come and get us.
Didn’t one of the high flying blue eyed stars of Heartland management leave a few years ago to join Tainui?
Not a stellar yield by any stretch of the imagination though.
Good post. That's where I might be interested in it again if I can get my head around their apparent obsession with one particular ethnicity.
Exactly. To promote one ethnicity above others, is NOT encouraging diversity per se when just by way of example our Asian friends make up a FAR greater percentage of the population. This in my opinion is quite unbecoming of a bank that wants to build credibility. I have never seen any other publicly listed company print part of its annual report in Maori either. Political correctness gone mad ?
Do you think Chairman Geoffrey and Chief Jeff have lost the plot with this sort of stuff. God knows where it will end up.
Both been around too long maybe and past their best and losing focus on what’s important ...time for them to move on so sanity can prevail?
If they stay just imagine what this slide (and extra ones) will look like at the next presentation.
Geoff and Jeff have taken a vision of a listed NZ Bank and made it a reality.
Customers,Staff,Investors,and Shareholders are enjoying the benefits of their vision.
Heartland Bank has been best described,by our own Brian, as "young and nimble".
The "young and nimble" are being guided by very wise heads.
Having plenty on skin on the line will keep them focussed for future opportunities,here and in Australia,without having to carry the heavy baggage the Australian Banks have landed themselves with.
Another name change could be the next step? Mano Whenua Bank/Heartland Bank has the same touch to it as Aorangi/Mount Cook or Taranaki/Mount Egmont.
Can't hurt if Maoris get the warm fuzzies for Heartland, or other NZ-owned banks? Same for the Maori-friendly or patriotic such as academics, LGBT, etc.
Heartland should benefit from it's customers' fee-free access to all those big banks' ATM's. Not that anyone uses cash anymore, or at least that's what we're told!
:cool:
I really though for a while they have been slightly off point..should mix it up with the Board, they have so much potential with this Bank.
Took a look below the 200DMA today and closed up a bit .. bang on it. Not sure what that means, but punters like the 200DMA, so might be a bottom. Most times don't need to watch closely but when it gets near a turning point (or potential) it pays to be alert. Only for the capital sensitive, the devoted holders won't even know what the closing price was today, they'll be staggering home from the bowling club shortly and not even check ST until the hangover wears off tomorrow.
;)