Interesting article on sharechat.co.nz today about nz banks. I wonder if that news will be widespread enough to cause a drop, or if the drop will happen at next profit announcement. Either way, might be some good buying opportunities coming up.
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Interesting article on sharechat.co.nz today about nz banks. I wonder if that news will be widespread enough to cause a drop, or if the drop will happen at next profit announcement. Either way, might be some good buying opportunities coming up.
Is this the article http://www.sharechat.co.nz/article/f...er-margin.html ?
SP is down by 1c atm. The article seemed to indicate that the smaller banks have increased their market share in a total loan market that has increased by over 1% in the past quarter. This may compensate for reduced margins. On the whole, I would think that the article is positive from HBL's standpoint.
I have not been able to bring up KPMG's quarterly FIPS,however Heartland's announcement on 17/5/2017, stated their net profit for the 9 months ended 31st March was up 13%.
They also stated "NPAT for year ending 30th June 2017 to be at the upper end of the previously advised range of $57mil to $60mil."
Thank you.
Yes we certainly remain "well positioned."
Article of interest:
Heartland Bank goes live on Oracle core banking platform as Kiwibank struggles
https://www.reseller.co.nz/article/6...ank-struggles/
A guidance upgrade in next week or two?
Probably not - will manage result to $0.1m over previous guidance.
One day something will spark the step up $2 plus.
Would they give a guidance update 4 weeks before FY announcement?