Nope, however you may receive a letter from the queen - priceless!
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I think there's something on TV1 news tonight, (vaguely recall a promo on it on breakfast T.V this morning) about the spiralling cost of school uniforms.
From my days with my kids its usually supplied by a corporate apparel company, you have no choice about which company you go to and the prices are well beyond a sick joke.
Is there an opening for our beleaguered retailers here WHS or PPL to introduce some meaningful competition into this sector ?
Opps sorry, just realised this has nothing whatsoever to do with HNZ unless granddad Percy had to get a loan from them to cover the cost :)
https://www.nzx.com/files/attachments/207193.pdf
Heartland New Zealand Limited (Heartland) (NZX: HNZ) advises that it expects net profit aftertax (NPAT) for the half year ended 31 December 2014 to be $23.0m to $24.0m. Thispreliminary result is subject to finalisation.Heartland is pleased with its strong first half performance which has been primarily driven byasset growth. The preliminary result does not include any upgrade in value for Heartland’sshareholding in Harmoney Corp Limited (Harmoney). Heartland is yet to consider whether anupgrade is appropriate as a result of Harmoney’s recent $10.0m capital raise in whichTrade Me Limited acquired a 15% shareholding. Underlying asset growth is expected tocontinue for the second half of the financial year, with strong Business, Rural and Consumervolumes projected while also maintaining expected margins.The final half year results will be released late February. Heartland will inform the market ofthe proposed half year results announcement date in early February.Heartland has increased its forecast range for NPAT for the year ending 30 June 2015 to$46.0m - $48.0m, up from the previous guidance of $42.0m - $45.0m. This forecast NPAT islikely to achieve a return on equity of at least 10.0% for the full year.
EXCELLENT.
A very pleasing update.
Of note is the fact that profit increases are no longer driven by costs savings,but "primarily driven by asset growth,which is/are expected to continue",and "maintining margins."
And the "icing on the cake" has to be "ROE of AT LEAST 10%".
Well done Jeff and the team "you have delivered again"!!!!!!!!!!!!
Nice update and good work to the ST members who did the research re likely profits, it's spot on and thanks for sharing it on the forum.
Yes, some good comments and analysis in this thread. I bought 12000 shares at $1.14 which is a big chunk of change in the context of my overall net worth. Wouldn't have thought about HNZ if it wasn't for this forum.
Looks like we will have a very interesting start to trading with all shares on offer under 144c taken ! Interesting indeed
Simple abacus comes in pretty handy eh !! Just keeping moving one little brass $1m ball over from one side to the other as the quarters tick by. $11m + $12m = $23 M for first half $13m + $14m for Q3 and Q4 respectively gives $27m for second half and $50m for the year. I suppose Jeff has to be a little conservative for full year, it is a bank after all :)...and some of that lending on dairy cows might bight them on the bum with the drought.
Very happy holder.
Nice reaction