As much as I like heartland, this price is starting to seem a little crazy. I am still holding, but am no longer sure I should be. Hard stock to sell though, anybody else sharing this feeling?
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As much as I like heartland, this price is starting to seem a little crazy. I am still holding, but am no longer sure I should be. Hard stock to sell though, anybody else sharing this feeling?
A while back I posted a comparative analysis of HBL v the 6 Aussie banks. I arrived at a fair price of $1.83. I won't sell anything that's tracking and growing well unless its at least 10% above my assessment of fair value. I think the tax change against the Aussie banks gives HBL more of a competitive advantage in N.Z. and in Australia with their reverse equity mortgages. That extra competitive advantage has to be worth something on the SP. The market says the net present value of all this future competitive advantage its 10 cents, (as that's what's been added to the SP since this occurred). I won't argue with the market so my preliminary revised assessment of fair value is now $1.93, call it $2.00 shall we Percy :D
Wow, winner69, Heartland has been winning so much these past few days... ?
Been a fantastic few days for Heartland, today even had good volumes, despite another 5 cent rise.
Surely tomorrow is the day Jeff comes out with his 60 - 65m profit forecast (ie an upgrade), and we all know if this is the case it will be 64.8m ;)
And once Jeff has said these magic words, he will become the man running a billion dollar company (market cap at $934 million right now)
Congratulations to all the holders, and may the odds be ever in your favor.
Disclosure: Not holding
I think people are looking for their next best opportunity and have finally cottoned on to HBL having a lot more potential... Especially if NZ becomes the Switzerland of the South Pacific (probably won't happen/hopefully won't happen). I am loving it (Not an add. No I don't like McDonalds, ever)
Interesting to note,and probably nothing in it but...
WBC and ANZ shareprices have corrected by quite a bit,whilst HBL and TNR have increased on good volume over the last few days.
Coincidence...