https://youtu.be/0KhTk7uD16U
Hoping for 12c EPS, a choice dividend & a forecast of good EPS growth.
Salam Hangat
Paper (Java) Tiger
Printable View
https://youtu.be/0KhTk7uD16U
Hoping for 12c EPS, a choice dividend & a forecast of good EPS growth.
Salam Hangat
Paper (Java) Tiger
Bugger - Jeff didn't mention $70m for F18
Playing games with us again is Jeff - leaving that to next Feb / March
HEARTLAND POSTS FULL YEAR PROFIT OF $60.8M
14 August 2017
Heartland Bank Limited (Heartland) (NZX: HBL) achieved a net profit after tax
(NPAT) of $60.8m for the full year ended 30 June 2017 (FY2017), an increase
of 12% from the previous financial year ended 30 June 2016 (FY2016). The
increase in profitability was driven primarily by growth in receivables
across all divisions - Household, Business and Rural.
Achievements for the year ended 30 June 2017
o Increase in profitability of 12%
o Strong growth in receivables of 14%
o Return on equity (ROE) of 11.6%
o Launch of multiple digital platforms
o Implementation of new core banking system
Result almost as awesome as Jacinda's awesomeness
Awesome result, very very pleased.
Highlights for me.
Final Dividend 5.5 cps, my expectation was 5 cps.
EPS was 12.33 cps on weighted average number of shares v 11.44 cps last year = 7.8% growth in EPS
Forecast at mid point of $66.5m on current number of issued shares = 13.39 cps next year which suggest growth accelerating on an EPS basis to 8.6%, slightly above my expectation of 7.5% EPS growth for FY18.
Growth in reverse mortgages in Australia to over $500m, growth in receivables of 19% !
My expectation is fully imputed dividend of 10 cps next year and on $1.86 this gives (10 / 186) / 0.72 = 7.5% gross yield.
Revised target price for early 2018 $2.08.
Good result. Very pleased to still hold a big chunk for the foreseeable future although happy that I was able to lock in some profit at $1.89 last week.
YAWN - quite boring if the actual data exactly hit predictions and the official outlook is what the analysts in 4-traders predicted a long time ago, isn't it?
But than - in the investment game I tend to like predictability, particularly if it comes with 10+% growth :).
I like boring stocks - could we have another helping?
Roger...is this of any concern ? Any idea what this looks like going back say 5 years ?
"Heartland’s Net Interest Margin (NIM) for FY2017 was 4.46% compared to 4.50% for FY2016. The reduction results primarily from changes in the asset mix."
To my simple way of thinking....this is how they make their (our) money, loaning out our deposits.
Hi all,
Just been looking through the results and was wondering what advantage there is for us shareholders for a company to use a 'weighted average number of share" vs the total number of share at the reporting date?
On the surface it looks as if the 'weighted average' helps paint a prettier picture of the earnings per share (and EPS growth rate), yet in reality the number of shareholders entitled to a share of the profits is in fact the number of shareholders at report dating.
Any clarity on this will be gratefully appreciated :)