Despite being very well qualified Percy is as far removed from the ideal Diversity criteria as you can get
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Plenty of gender diversity here in Thailand....cant tell if there child bearing or ball bearing tho
Looking at the photo of the guy whose leftand thinking about the other pre-requisites percy is very well qualified to be a Heartland Director -
- White European
- Over 65
- Knows about things like NIM
- Appreciates the importance of a digital age - even though technically challenged but board members think and don’t do eh.
- Has an empathy with the Elderly being the target customer for HERs
- Is in love with the company
- Thinks the world of his fellow directors (no disruption on this board)
- Lots of skin the game
- Etc
- Etc
Only issue being as the company spokesman they might find it hard to class him as a truly independent director
^^^ :lol: :lol:
Reserve Bank’s Orr keeps on about his tree god nonsense, urging us to think of the Bank as akin to Tane Mahuta, the mythological forest god. He even is getting the Bank to do a special study on the Maori economy and even going to appoint a Cultural Capability Advisor Maori.
Greenslade talks a lot about the importance of Maori and the portions in the Annual and Interim Reports in Maori are always a good read
Are Adrian and our Jeff in cohoots hatching a grand plan.
I hope in the annual report in due course they also present the Chairman's and CEO's report in Arabic to make our Muslim friends feel included. That would be a nice touch.
Nice capital raise with the DRIP just on $5.7m. Those canny investor partaking must be thinking (assuming 9.5 cps in annual divvies next year) I canny imagine how else I am going to get a 9% gross dividend from a bank and very pleased I'm investing on the right side of the investment ledger.
In the rush to get safe yield I think this is one puppy that's been overlooked.
http://nzx-prod-s7fsd7f98s.s3-websit...768/297717.pdf
Ability to accept oversubscriptions at HGH's discretion, apparently without limit ?
Borrowing long term at ~3.5% is great for shareholders and should do wonders for their net interest margin.
Who knew the existing bonds were trading in the secondary market at just 3.04% ! People must think HGH is safe as houses. 9% gross yield on the shares + growth is the share price and growth in future dividends is a real free lunch...better keep this quiet and BUY some more :)
Already slightly more than 10% of my portfolio, the biggest %, so I am being stoic in not buying more. Sometimes it’s hard, especially when I have cash burning a hole in my investment pocket. Should transfer it back to Heartland I guess.
Understand mate. HGH has risen to 17.5% of my portfolio and I have a large lump of cash sitting in a Heartland Call account at 2.5%. I'm not happy with that rate but I am just being a bit cautious about investing too much more anywhere at this time with the overall market being a bit "toppy".
My large BLT holding has risen 33% this morning - that helped reduce my HGH portfolio percentage - though I suspect BLT will slip back a bit by the end of the day.
I would surmise the continued upward movement of the HGH share price through the recent ex divy and divy payment stages is a sign of good things to come. It hardly blinked.
Continued closes at higher highs and recent large investment by Director all pointing in the right direction.
Also the banking royal commission continues to drift into the rear view mirror.
Please correct me if I am wrong, but I believe we continue to be well positioned.