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  1. #11061
    percy
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    Quote Originally Posted by bull.... View Post
    if the big banks wanted in the space , they would be. Its still a niche at the moment maybe one day if its big time stuff heartland would be taken over
    What would really increase the whole market for RELs is if a bank such as ASB started to offer them.
    It would expand the market,and I would expect Heartland would see the sort of growth they are achieving in Australia.

  2. #11062
    Speedy Az winner69's Avatar
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    Love the way they present numbers

    Tout the EPS going up from 12 cents to 13 cents ......pretty good really

    Put a couple of decimal points in the sums

    EPS increased from 12.33 cents in F17 to 12.53 cents in F18 - a miserly 1.6%

    That’s probably why divie not up ...new capital not working that well (yet)
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #11063
    Speedy Az winner69's Avatar
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    This is a good achievement

     Significant developments and key initiatives around employee diversity, including partnership with Global Women and Champions for Change, and introduction of flexible working policy
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #11064
    Legend minimoke's Avatar
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    Quote Originally Posted by winner69 View Post
    This is a good achievement

     Significant developments and key initiatives around employee diversity, including partnership with Global Women and Champions for Change, and introduction of flexible working policy
    I regret selling out of HBL even more now (This one is a cracker - https://www.globalwomen.org.nz/our-p...483/jan-thomas)

  5. #11065
    percy
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    Capital ratio.ROE,ROC.
    Without having to have satisfactory NZ Reserve Bank capital ratio to support RELs it means Heartland Group will be able to grow RELs ,and use make better use of their capital to grow their Australian operations.
    Heartland Bank will off course still need to comply with NZ Reverse Bank banking ratios.

  6. #11066
    Speedy Az winner69's Avatar
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    Quote Originally Posted by minimoke View Post
    I regret selling out of HBL even more now (This one is a cracker - https://www.globalwomen.org.nz/our-p...483/jan-thomas)
    This ones a cracker ...hopefully not just been by swayed by fellow directors to be a champion and doing it because he truly believes

    https://www.globalwomen.org.nz/our-p...eff-greenslade
    Last edited by winner69; 15-08-2018 at 09:05 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #11067
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by winner69 View Post
    This is a good achievement

     Significant developments and key initiatives around employee diversity, including partnership with Global Women and Champions for Change, and introduction of flexible working policy
    But I guess the best of the latest results is another free Maori language course! My two new words for today are:

    whakaro - a state of mind
    tautoko - champion

    Hey - this must be worth more than just the measly increase of the EPS by only 1.6%! BTW - what is measly in Maori? They probably never will teach us that particular word ;
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  8. #11068
    ShareTrader Legend bull....'s Avatar
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    actually i was in a rush think my sentencing was wrong it should be hbl would get taken over by a bigger fish if the reverse mtges become big business.
    one step ahead of the herd

  9. #11069
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    Love the way they present numbers

    Tout the EPS going up from 12 cents to 13 cents ......pretty good really

    Put a couple of decimal points in the sums

    EPS increased from 12.33 cents in F17 to 12.53 cents in F18 - a miserly 1.6%

    That’s probably why divie not up ...new capital not working that well (yet)
    Yes it seems trite to have a presentation to analysts and round the EPS to the nearest whole number. I smelled a rat straight away.
    Off note 8 http://nzx-prod-s7fsd7f98s.s3-websit...214/284523.pdf in the financials and based on diluted shares on issue last year I get EPS rising from 12.24 cps to 12.535 cps a gain of just 2.4%. The reason is the growth in impairments. But wait there is more....

    We have a new accounting standard that requires them to model impairments over the expected life of the loan
    http://nzx-prod-s7fsd7f98s.s3-websit...214/284490.pdf - see more at page 14.
    Two things occur to me.
    1. This is proof of what I have been saying all along that their methodology of measuring impairments in the past has been to understate them.
    2. Its does seem awfully convenient that they are taking this charge of $14-18m net directly as a charge against equity, i.e. an extraordinary item below the normal profit line...after all we can't have such mundane things impacting management's performance bonus next year can we !

    Holding.... but less enthusiastic than I was.

    But wait there's even more...its all okay because based on this year's forecast EPS will grow from 12.535 cps to 13.5 cps, growth of 8% !
    Once the guru analysts work out that EPS is going to grow at 8% this year the share price will really take off !
    Last edited by Beagle; 15-08-2018 at 09:19 AM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  10. #11070
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    I think it is a good result . Have bought more and have a lot. Think women are very important especially for reverse mortgages.

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