Peat - scary charts mate
The H&S pattern particulary scary ..... looks we heading to $1.40 or lower if it plays out and has a bit of bling added. That should send the shivers up Beagles spine
Beautiful eh
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Peat - scary charts mate
The H&S pattern particulary scary ..... looks we heading to $1.40 or lower if it plays out and has a bit of bling added. That should send the shivers up Beagles spine
Beautiful eh
Just as well I sold right at the head...gives me more wiggle room around the shoulders now I'm back in eh Winner. TA does not look flash but FA does ! Might be a while before you get your $2.50 though :)
I have started to buy. Have close to 1M shares. This is a good co and is in niche markets .,but i take risk and do not often sell,just hold. Lucky the shares are for the kids.
Heartlands much touted NIM (more than double its peers) doesn’t seem to translate into superior ROE. Heartland’s ROE is just average and nothing special.
Using Beagles peer group and tabling their ROE and Price Book ratios gives interesting insights as below.
Appears as if a Heartland share price of $1.66 is neither cheap or expensive.
Price/Book for me a better measure than PE ratios etc ....note higher the ROE the more it’s rewarded with a higher multiple
Numbers from Morningstar so don’t blame me if wrong
I thought that OBR was for the too-big-to-fail banks but you may be right that it could be used with a smaller bank like HBL. I assumed that because HBL wouldn’t have got a taxpayer bailout and would have been left to fail under the old rules that it wouldn’t fit into the OBR rules. Hopefully we will never know what the intentions are with OBR.
Should one of the big 4 (ASB, ANZ, BNZ, WBC) or Kiwibank get into difficulty, they will be bailed out by the government.
If more than one is in trouble, then it's a moot point. If anyone else is in trouble, the OBR will be down on them like a ton of bricks.
Looking at what happened to the finance companies a decade or so ago, you might say that "size does matter" - did anyone other than SCF get bailed?
Strike price for the shares in lieu of dividend has been announced and for those canny investors participating they enjoy a 2.5% discount to the VWAP ex divvy trading price over recent days ($1.625). Participation is actually a good way to boost one's effective yield. For example I am forecasting 7.95% gross yield as recently posted in the year ahead but for those taking the shares in lieu their gross yield becomes 7.95 / 0.975 = 8.154%.
Just on 5.3m shares are being issued for this dividend and I am modelling 10.6m shares issued for the year or 1.9% increase in the number on issue. Provided they don't do a capital raise the vast majority of this year's profit growth should translate to EPS growth but I agree with Percy that asking whether this years forecast profit growth will be reflected in an ostensibly similar EPS growth is an excellent question for the annual meeting. After only 2% EPS growth last year I will be seeking some comfort the company hasn't lost focus on the importance of EPS growth.
Discount is what it is @ 2.5% and many investors have done well over the years using this approach. I can assure you mate you're not the only investor disappointed with the present SP.
Dividend stripping :- I think 8-9 times out of ten shares recover the dividend paid in the SP within a month of going ex. There will always be exceptions but the odds or relative SP outperformance in the month after going ex divvy are very good in my opinion.
Don’t complain about the DRP ...punters are getting more shares for their buck than the previous payout (for the second time in a row)
That must be good ...isn’t it?
dont forget about the 1% of shares which have to be sold because they are not allowed to participate in the restructure.