HBL is too expensive right now,although it has hit my targeted price of 180 on technicals,it's getting a bit frothy for a bank unless there is something out of the ordinary to report,but don't hold your breath there...
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HBL is too expensive right now,although it has hit my targeted price of 180 on technicals,it's getting a bit frothy for a bank unless there is something out of the ordinary to report,but don't hold your breath there...
Innovative approach. Very clever thinking in my opinion... at a time when interest rates are very low elderly folks may need a regular top up in their monthly income.
http://www.nzherald.co.nz/business/n...ectid=11853559
Well it was a hard call this morning but I've sold out of HBL at $1.79. time will tell whether that was the right decision but at the current price it seems a little overvalued. I'll look at buying in again around $1.65 (if it ever gets that low). It's been a great ride :)
http://www.nzherald.co.nz/business/n...ectid=11853339
In a single word this is "draconian" ! HBL have been handed a significant and probably permanent competitive advantage against the Australian banks and the market has decided that's worth something in terms of the net present value of all that future competitive advantage as reflected in the SP rise. In post #9411 I included an article that referenced strong growth in their high margin lucrative reverse equity business and a new approach to this form of lending...join the dots... its not about FY17 profit, its about profit growth further out...happy holder.
Not sure if old news or new news:
http://meatexportnz.co.nz/2017/05/11...eartland-bank/
Won't be 64.8 this year
Column V will ensure something just over 60
This gives them scope for F18 guidance of 65 to 70
Wonder what 'real' profit actually is? And what might happen if Column V doesn't have enough in it to help out if the **** hits the fan in the next recession.
But only worry about the short term - no worries
Surprised so many faithful selling though