they don't strike me as traders interested in a quick flick. But an IPO might boost the carrying value of the holding sufficiently that it impacts nicely on HBLs balance sheet.
Printable View
Earnings due 23 Feb.
https://www.nzx.com/companies/HBL/announcements/277271
can we surmise that an earnings date announcement without any mention of changes to earnings means they are on track with previous forecasts/guidance/utterings?
Next week can you guys do your buying/topping up at the end of the day instead of first thing.
Price seems to need good buying support at end of day. (Rice seems to drift down as the day goes on) and closes at days low
This weeks close at $1.18 is lowest weekly close since October
And now 13% down on its recent highs - ouch
I reckon they will report H1 earnings as $25.8m which includes the $1m of non-recurring restructure costs they mentioned
Sets up a boomer H2 and I expect them to report $28.9m (+17%) for that half bringing FY to be $54.7m (+14%)
That's an eps of 11.5 cents on current number of shares so PE currently just over 10. Maybe the rerating down that often happens when capital restructuring takes place (more debt / less equity means higher risk for shareholders) is already underway in anticipation of the capital return.
I hope to be pleasantly surprised but doubt I will.
The original announcement that got retracted was far more interesting than its replacement.
'Heartland Bank Limited (NZX: HBL) advises that it intends to announce its financial results for the six month period ending 31 December 2015 on Tuesday 23 February 2016. A results presentation will be held in the MTF Vehicle Finance offices'.*
*DYOR