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14-03-2018, 10:39 AM
#10571
Originally Posted by suse
ssshhhh, look what good that did to the share price yesterday. Blis went up and HBL down. I guess thats some manipulation so that the DRP goes lower is it?
No worries .....share price rocketing up today
”When investors are euphoric, they are incapable of recognising euphoria itself “
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16-03-2018, 12:56 PM
#10572
Originally Posted by greater fool
HBL should buy PGG Wrightsons. Be a good fit, strategically interesting.
Re-brand it Heartland Rural. ( I know hbl are pushing the online thingy, but a few rural offices might
generate some business for the bank)
Not where they are looking to grow.
PGW's market cap is $468mil at current share price of 62 cents.
That amount of capital would go a long way to buy UDC which would be a perfect fit with HBL.
HBL do already have an agreement in place with PGW, which was arranged when HBL brought PGW's finance division.
Last edited by percy; 16-03-2018 at 01:12 PM.
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16-03-2018, 01:19 PM
#10573
Originally Posted by percy
Not where they are looking to grow.
PGW's market cap is $468mil at current share price of 62 cents.
That amount of capital would go a long way to buy UDC which would be a perfect fit with HBL.
HBL do already have an agreement in place with PGW, which was arranged when HBL brought PGW's finance division.
Well put Percy. HBL will have no interest whatsoever other than seeing who will eventually buy PGW
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16-03-2018, 01:56 PM
#10574
Originally Posted by greater fool
Narrow thinking, that ignores several points.
HBL is not growing, earnings flat, eps in decline. UDC is bolt on, meaning they are working the same
flat growth space.
They could look to keep PGW listed. Don't need to find the full $468m.
And, the elephant in the room which you are ignoring: How to deal with UDC debenture borrowings
and the reported $2b of ANZ's cash in UDC.
Time for a rethink at HBL, the same old, same old, isn't cutting it anymore.
Wow
Was that just an earthquake in Christchurch I felt
”When investors are euphoric, they are incapable of recognising euphoria itself “
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16-03-2018, 01:58 PM
#10575
Originally Posted by greater fool
Narrow thinking, that ignores several points.
HBL is not growing, earnings flat, eps in decline. UDC is bolt on, meaning they are working the same
flat growth space.
They could look to keep PGW listed. Don't need to find the full $468m.
And, the elephant in the room which you are ignoring: How to deal with UDC debenture borrowings
and the reported $2b of ANZ's cash in UDC.
Time for a rethink at HBL, the same old, same old, isn't cutting it anymore.
I stand by my post.
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16-03-2018, 02:05 PM
#10576
Originally Posted by greater fool
Narrow thinking, that ignores several points.
HBL is not growing, earnings flat, eps in decline. UDC is bolt on, meaning they are working the same
flat growth space.
They could look to keep PGW listed. Don't need to find the full $468m.
And, the elephant in the room which you are ignoring: How to deal with UDC debenture borrowings
and the reported $2b of ANZ's cash in UDC.
Time for a rethink at HBL, the same old, same old, isn't cutting it anymore.
Umm, the HY report I read doesn't support your statement of no growth. It showed growth across almost all areas:
households +15%
personal +36%
vehicles + 15%
NZ reverse mortgages + 12%
business + 14%
rural + 17%
Australia +27%
Yes EPS was flat but I think its only fair to give them some time to get all the new capital working for us. I'm happy holding this stock although I have a lot less of it than I used to.
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16-03-2018, 03:22 PM
#10577
The current drop from $2.24 has me wincing...
However ... Still looking forward to the next DRP to add a few thousand more..
Still keeping the faith..
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16-03-2018, 03:45 PM
#10578
Top of the mountain was actually $2.14 in December 2017. Cunning folks sold at that price and recycled funds elsewhere
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
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16-03-2018, 03:49 PM
#10579
I have the old age but lack the cunning... ( Both, overcomes all )..
I still sleep well at night..
After all it is just money :-)))))
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16-03-2018, 07:06 PM
#10580
Originally Posted by janner
I have the old age but lack the cunning... ( Both, overcomes all )..
I still sleep well at night..
After all it is just money :-)))))
Forget the noise and work out your current dividend yield on your average HBL cost price,.
Then it is easy to see who the cunning one is.!!
No wonder you sleep well.
ps.Should you think the dividend will not be increased sell.
Should you think HBL have the capacity to keep increasing their fully imputated divie,sit back and enjoy it.I am..lol.
Last edited by percy; 16-03-2018 at 07:14 PM.
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