Well they don't need to state the obvious anymore...;)
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July 2012 - 54c sp bargain which was highlighted for all to see.
Percy did his best at that time to point out the opportunity but alas, many chose to look at the sp trending downwards (due to Dodgy Porgie selling) rather than the fact that the bank was cheap.
So 165% capital gain and a 21.8% gross dividend yield courtesy of PGC and George Kerr.
Well Balance in hindsight it looked so simple?!
Heartland Bank just delivering on what they said they would do.
SP at $1.47 to $1.48 and that dividend just keeps cranking up.!!'
Yet somehow I feel "the market" is only now starting to recognise Heartland Bank's potential .Going from the outlook statement,it is very positive.
Great that we saw it before "the market".
Enjoy your 21.8% gross divie.!!..lol
Looks like a few retail investors have seen the price and gone "gee nearly $1.50, this looks great!" "time to sell"... probably don't even know the results were released today ;)
On numerous occasions they say ' Strongest Net Interest Margin amongst competitors'
Nothing new there
But strangely they don't actually say what the net interest margin is. Wonder how Percy's favourite table of ever increasing margins looks like if they add the F16 number?
Traders will have got set; bought earlier in the buildup and lead up to results and sold today . Its pretty obvious ; but happens more on other forums; the ones that spruik/pump it are traders; a few are here too ; thats the way it is; zig when others are zagging.Just don't get sucked in and if you re in hopefully for a long haul; and i think this stock is ideal for that at pit just reinvest the divs and enjoy the run.