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  1. #13661
    Missed by that much
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    Quote Originally Posted by jimdog31 View Post
    Now what happens to the share price!
    Up 4c on yesterday, and 8c this week. Looks like still climbing.

    Edit: Add another 2 c while I was typing this post.
    Last edited by Jantar; 17-09-2020 at 10:17 AM.

  2. #13662
    Legend peat's Avatar
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    Quote Originally Posted by Beagle View Post
    https://www.youtube.com/watch?v=z9SK4l2ibvM Guess what I did at market open
    well I added at 1.22
    but I will say I've never made any money from HGH lol . seriously never. always paid too much ....
    averaging down now with this result though.
    For clarity, nothing I say is advice....

  3. #13663
    Possum in the headlights Beagle's Avatar
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    Quote Originally Posted by peat View Post
    well I added at 1.22
    but I will say I've never made any money from HGH lol . seriously never. always paid too much ....
    averaging down now with this result though.
    I had to jump back in and rescue Snoopy
    No butts, hold no mutts, (unless they're the furry variety).

  4. #13664
    Advanced Member King1212's Avatar
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    Love u heartland...u never disappointing me

  5. #13665
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    Quote Originally Posted by Beagle View Post
    https://www.youtube.com/watch?v=z9SK4l2ibvM Guess what I did at market open
    Me to😎Great result under the circumstances
    Last edited by nevchev; 17-09-2020 at 01:17 PM.

  6. #13666
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    Hmmmmm looking forward to tonights dinner.
    Might even go and have a look for some scallops !

  7. #13667
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    I topped up on tuesday,and of course you never top up enough on a good result and you over top up when it's bad news! U suspect sharesies will push the SP up today,but I also suspect some profit taking.Should be an interesting day

  8. #13668
    Possum in the headlights Beagle's Avatar
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    Quote Originally Posted by RTM View Post
    Hmmmmm looking forward to tonights dinner.
    Might even go and have a look for some scallops !
    Be careful you don't garnish them with too much of the local "herb"
    Last edited by Beagle; 17-09-2020 at 10:34 AM.
    No butts, hold no mutts, (unless they're the furry variety).

  9. #13669
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    Quote Originally Posted by RTM View Post
    Hmmmmm looking forward to tonights dinner.
    Might even go and have a look for some scallops !
    Good on ya, I double down on Friday at 1.17. Very pleased with their results and outlook, should see them head back to $2 mark over next 6 months, which was basically where it was heading to in Feb this year before COVID hit.

  10. #13670
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    Couldn't help but pick up more at $1.23 - especially when one is going to get nearly 3% (gross) back within a month.

  11. #13671
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    Been averaging down for sometime and finally, I'm back in the green. Last time I was above water was in March.

  12. #13672
    Reincarnated Panthera Snow Leopard's Avatar
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    You all finished reading (& understanding) Note 8 of the Financial Statements?
    om mani peme hum

  13. #13673
    Legend peat's Avatar
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    Quote Originally Posted by Snow Leopard View Post
    You all finished reading (& understanding) Note 8 of the Financial Statements?
    thats what supports their use of their overlay method of impairments as clearly noted even in the summaries.
    For clarity, nothing I say is advice....

  14. #13674
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    Quote Originally Posted by Beagle View Post
    https://www.youtube.com/watch?v=z9SK4l2ibvM Guess what I did at market open
    What a great video - I would need about four beagles to get my blubber to safety! I have short hair so nothing for the determined hound to yank on at the end!

    Are you the hound do the rescuing?

    Better result and dividend yield than I feared.
    Last edited by Bjauck; 17-09-2020 at 11:25 AM.

  15. #13675
    Possum in the headlights Beagle's Avatar
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    Must admit the inherent cynic in me thinks they pulled off a pretty creative accounting trick meeting profit guidance and still within 10% of guidance on the Covid adjusted figure so they met their ongoing continuous disclosure requirements too. First impressions were "yeah right" its time for a Tui but its hard to argue with the fact that they're one of only two Australian banks that have not had their credit rating downgraded and they must be confident going forward to forecast $83-85m for FY21.

    I'll give them the benefit of the doubt for a modest stake as part of a well diversified portfolio.

    Mid point of forecast at $84m will give 14.5 cps so at $1.28 as I type that's a forward PE of 8.8.
    Last edited by Beagle; 17-09-2020 at 11:31 AM.
    No butts, hold no mutts, (unless they're the furry variety).

  16. #13676
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    I’m very happy and relieved with the result and divi as HGH is a major holding for me.

    The projected 2021 year also looking good.

    Would be interesting to know what proportion of the next years npat would be eligible for dividend payment considering the Reserve Bank restrictions?
    SCOTTY

  17. #13677
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Snow Leopard View Post
    You all finished reading (& understanding) Note 8 of the Financial Statements?
    Yeah, noticed that - it feels their assumptions are quite optimistic (well, more optimistic than the scenarios I've seen the bigger banks using, but this was 3 months ago).

    The old saying is that optimists are not more often correct than pessimists, but optimists do live longer, which is good for them (I suppose).

    Are their assumptions re impaired assets too optimistic? - I recon we will see that over the next 2 to 3 years, won't we?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  18. #13678
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    To date all lenders have been too bearish, but that's OK as no-one knew what was going to happen with Covid. It now seems that the NZ economy is doing much better than everyone thought and the AU economy has been OK for bad debts because a lot of individual super funds have been used to reduce debt. I am going to assume that HGH management will continue to be cautious on their provisioning, which is fine with me as there is much more chance of an upward surprise.I am a very happy holder sub $1.20.

  19. #13679
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    Quote Originally Posted by SCOTTY View Post
    Iím very happy and relieved with the result and divi as HGH is a major holding for me.

    The projected 2021 year also looking good.

    Would be interesting to know what proportion of the next years npat would be eligible for dividend payment considering the Reserve Bank restrictions?
    this justification of not paying full divi due to RB restrictions sounds like a bit of a crock to me. Hadnt they specifically stated they werent affected because they werent a bank they're a holding company that owns a bank. I get they may not want to pay out a divi - at least there is no cash raise huh! - but I didnt think they were restricted from paying one, and yet here it appears they are fobbing us off with that excuse
    For clarity, nothing I say is advice....

  20. #13680
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    I'm usually not interested in banks with low interest rates projected forever but this result looks good
    Last edited by Panda-NZ-; 17-09-2020 at 01:39 PM.

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