I brought more this morning.
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I brought more this morning.
Maybe. Result at top end of guidance. Directors have boosted the dividend quite a bit. Does that reflect confidence that the profit will be maintained even with dairy in its current strife? I think the half year result in six months will be interesting as it may more fully reflect the fallen dairy prices and a more general cooling in conditions.
So trying to figure out whether this is good or bad and how material.
I see this from the Harmony site.
"HARMONEY PASSES $50 MILLION
Peer-to-peer lender Harmoney says it passed a significant milestone this month with more than $50 million having now been lent via its online platform with more than 1.4 million transactions facilitated to date. Harmoney says this makes it the fastest growing peer-to-peer lending marketplace in Australasia" Date 28 May 2015 Interest.co.nz
So this is reasonably recent. That means a huge proportion of Harmoney's lending is funded by HNZ. So Harmoney is really just a branch of HNZ. I can't recall what % of Harmoney that HNZ own. Well, it will be at higher interest rates....but how secure ?
Pretty sure I read they were over $75M and on track for the $100m in 1 year target which must be coming up very soon.
11% ownership. Trademe is 15%. http://coys.co.nz/company/?no=517704...Y+CORP+LIMITED
Hope the share price doesn't go up too much before end of September
Get more cheap ones in the DRP .... lot cheaper than the $1.30 odd ones last time
That you backing the truck up there at 1.11 Percy? :)
As I got my first bundle then at $1.30 and even lower prices for the subsequent ones, I'm not hesitating now to get some more at this price of $1.12. Just averaging it down. Risky? Maybe but I don't think so :cool:
Wish it was....
No, I brought mine earlier this morning. [at a higher price]. The big increase in divie made me do it. ..Just love those increasing divies.lol.
Was not many years ago I was at the HNZ agm in Ashburton and comment was made of the poor ROE.
Greenslade agreed, and said they were aiming for 10% .This year's is 10.4% an increase of over 15% on last year's.Greenslade delivers.!
It is extraordinary fact, that while the Australian banks are raising capital, HNZ is looking at a share buyback.
Any buyback will increase ROE,EPS and make it easier for HNZ to keep increasing their dividend.Off course the opposite is the case for the Australian Banks.
Trader Jackson's comment was so right;Absolute Stunner.
Well done, HNZ!
Not subject to the Australian prudential body APRA's capital requirements, of course.
;)