Very pleasing seeing another broker researching HBL.
Very positive research with current valuation of $1.89, and target price of $1.98.
We remain "well positioned".
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Suspiciously almost identical to the hounds valuation a while back. Worth $2 but not until late 2018 in my opinion, unlike some who were calling it above $2 by Xmas this year. Until we get some clarity on the political front and with no dividends for quite a while it won't surprise me to see the SP tread water for a while, (Unless spooky possums the dairy price continues it decline and takes HBL shares with it...really unusually strong historical correlation between milk powder price and HBL share price has been noted). Disc: Recently reduced at $1.89 as that's where I see full price for now, but still maintaining a modest holding.
must be some good news on the way. SP has had a surge last few days (which is annoying as I just sold a handful at $1.78 to put some money elsewhere)
I never sell these Just add on weakness. NZ bank
And so it came to pass. Back to your earlier question then, $2 by Xmas ? As stated above I see the current SP at $1.89 as fully priced but still happy to hold a moderate sized position but stranger things have happened and you never know, $2 by Xmas might happen ?
P.S. Refreshed website works well.
New car sales in October highest ever recorded
Unemployment sinks to 10 year low (thanks to National government) as well as high number of new jobs
Even the BNZ head honch says economy in a Goldilocks phase ....whatever that means but it sounds cool
Heartland shares to get to 2 bucks in next week or so ....and on next profit upgrade early in the new year at least 225
Jeez it all is wonderful eh
Yes Heartland have prospered under a National government.
Yes the prospects for NZ Ltd look very strong.
Yes the workers like to spend and take on debt with "their" government now in power.
Yes Heartland will benefit should interest rates move up at the end of next year.
Perhaps Geoff or Jeff, may give a trading update on the 21st Nov at the agm.
Whatever, we know we remain "well positioned."
ummm...am I missing something? is there an HBL divvie payable tonight?