sharetrader
Page 288 of 840 FirstFirst ... 188238278284285286287288289290291292298338388788 ... LastLast
Results 4,306 to 4,320 of 12600
  1. #4306
    Membaa
    Join Date
    Nov 2004
    Location
    Paradise
    Posts
    2,757

    Default

    We are now one, as Borg is one, there is no escape. I will pass on your best wishes to the family. We may even send you aunty's album, great aunty Baa is a real character, she makes all the outfits and has the best jokes, but she's a lowsy sharepicker.

    Though not to diminish this HNZ thread, thank you all for your patience, and I hope those who avidly 'watch from the sidelines' join in on what is emerging as one of the stockpicks. And kudos to the early holders, who unselfishly share their wisdom, expertise and guidance here, as well as a bit of levity. It makes it all worthwhile.

    BAA

    Quote Originally Posted by percy View Post
    Glad you took it is the way it was meant...!!
    As you would expect a great uncle to be, I am a pensioner,but with daughters and grand children I have put off my retirement from selling books to school libraries,for another 35 years,or death which ever comes first.!!
    Trust I remembered your first name Basil,as my memory is not what it used to be.
    May just past up on the family reunion,but thanks anyway.

  2. #4307
    Member
    Join Date
    Dec 2014
    Posts
    98

    Default

    I wish I had done this sooner, but finally came to my senses today and dipped my toes in after not putting my money with (all of) my stock picks.

    On a slightly related note (maybe this should be in TME) - Trade Me emailed its subscribers today promoting Harmoney - when i've seen the TVC's & loaded the website it has been very responsive, but today it looked like it was getting a bit of attention & logging in was taking a fair bit of time - at least 10+ seconds! Several people I had previously mentioned Harmoney to also talked to me about receiving these emails (and then signing up), so I am guessing they're getting good conversions from that email send!

    Another upside to holding HNZ.

  3. #4308
    Senior Member
    Join Date
    May 2011
    Location
    Bright Side Pl
    Posts
    644

    Default

    I topped up at $1.15 when HNZ became normal bank on 14/01,topped up today at $1.26 when earnings upgraded, pretty sure will have another upgrade around june, intend to hold at longer term.

  4. #4309
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    24,206

    Default

    Guidance now $48m and HER is 'flat'

    That's great news for when they get their act together with HER ......all the promised eps accretive stuff yet to come. Whoopee

    So in Sky City accounting style 'normalised earnings' for FY15 is really way in excess of $50m .....probably $55m

    Come on guys .....get the whips out and get this thing moving ....you did ay over $80m for it and diluted Percy's interest in the many quite a lot by paying some f it in shares.

  5. #4310
    Update Ready To Install
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    7,881

    Default

    Just checked my buying price ,70c so not far from double bagging!!.And the future looks GREAT. Credit to Percy's exuberance and a few others for dropping this in front of me

  6. #4311
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    13,387

    Default

    Quote Originally Posted by Joshuatree View Post
    Just checked my buying price ,70c so not far from double bagging!!.And the future looks GREAT. Credit to Percy's exuberance and a few others for dropping this in front of me
    Hi JT,as Hugh Hefner said to The Bunny Girl,"my pleasure."
    The Reserve Bank's reduced capital requirements for Heartland,and the latest profit/trading upgrades have certainly added big "runs to the board".
    I would expect we will see a number of analysts revisiting their forecasts,which will lead to more brokers being comfortable recommending Heartland to their clents.Well run BANK,growth and yield make it a compelling investment.
    REL.Winner69's comments are correct. However I think HNZ's buying of the REL business was correct.Buying an established business certainly has saved them years from getting a start up REL business off the ground.The whole REL sector came off the boil a few years ago.Has not even been on simmer,just left to go cold..It will take some time to reheat the whole REL sector.Yet I see it as a huge growth sector because of NZder's cash poor,asset rich love of property.Makes excellent sense to me that Heartland have identified this growth sector and moved to buy the major player.

  7. #4312
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    13,364

    Default

    Maths is WAY wrong mate...here let the accountant sort this for you.

    125 = last years EPS 9.0 x (8.5 + 2G)

    The number in the brackets must therefore be 13.89 as 13.89 x 9 = 125.
    By deduction we then see 2G must be 5.39, therefore 1G = 2.7.

    The current SP indicates the long term EPS growth rate using the formula is only 2.7%

    Quite obviously this is silly and the long term growth rate will easily outstrip that low rate.

    Looking at last years EPS growth rate and this year's forecasted growth rate and using anything like those growth rates in the Ben Graham's formula makes HNZ look like one of the most fundamentally undervalued stocks on the NZX, which it is. Brokers have EPS growth conservatively estimated at circa 10% for the next few years.
    If we assume they can keep growing at that rate using the formula we get V = 9 x (8.5 + 2x10) = $2.56.
    And before anyone suggests we need to use the updated B.G formula, we don't, most brokers are now moving down into the mid 4% range for long term risk free rate on the back of 10 year Govt stock rates dropping through the floor, down another 10 bps this morning, now approaching 3.5%, so using 4.4% for a 20 year risk free rate seems entirely reasonable to me.
    Last edited by Beagle; 29-01-2015 at 11:24 AM.

  8. #4313
    The Wolf of Sharetrader
    Join Date
    Jul 2013
    Location
    On my Superyacht
    Posts
    1,286

    Default

    I see.

    The maths is actually correct, our 2 versus 2.7 only comes down to the EPS figure used (I just used 10 as a more recent trailing figure). It's my interpretation of what 2.7 or 2 as G actually meant. The website I looked at stated G was a percentage, 1 being 100% and therefore 0.1 being 10%. However it is a raw percentage not a decimal, ie 2 means 2%.

  9. #4314
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    13,364

    Default

    Fair enough mate...you lost me in your maths so I felt compelled to do my own, no offence intended

  10. #4315
    Junior Member
    Join Date
    Nov 2013
    Posts
    4

    Default

    @nextbigthing I think g is the long term % growth, not growth in decimals. If you used % growth, your answer will be similar to Roger's.

  11. #4316
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    13,364

    Default

    Quote Originally Posted by nextbigthing View Post
    Not at all Roger! Thanks, you're quite right. The G is a % not a decimal!
    All sorted then mate. I don't think using 10% is unreasonable as a 7-10 year growth rate. Its a young company and if we look at some of the very mature Australian owned banks plenty of them are still growing at that sort of rate.
    Factor in with HNZ's niche product offer their net interest margin is double that of the Aussie banks, the rapidly aging population base making HER lending a compelling long term growth opportunity, (does this put HNZ is the wellness old folks healthcare sector with much higher PE's ) and what's to stop them growing EPS at circa 10% per annum ???? (GFC Mk2 seems to be the only material risk to me).

  12. #4317
    Advanced Member
    Join Date
    Dec 2009
    Location
    Eastern BoP..
    Posts
    1,762

    Default

    Quote Originally Posted by janner View Post
    So far correct..

    Not much action until the next report..

    Take into account the overhang.. ( All ready spoken for... IMHO. )..

    You have until April :-)))) Also IMHO..

    Not increasing my holding.. Apart from DRP..

    Having ridden this one from the early stages and not selling .. ( Aye percy )...

    Feel there are other stocks available that will give better Dividend returns.. For my new SAVINGS !!....
    Well the " Burst " came a little early.. ( 3 months plus wages )..

    So will bring forward my April to Feb.. When the results come out.. Which will then be another " Burst ". Followed by Consolidation IMHO..

    Having been in this one since the before the beginning with percy and others..

    It is good to reap the rewards .. Aye percy :-))

    Bottom drawer stuff for you newbies !! :-)))) IMHO.. DYOR.. :-))

  13. #4318
    Junior Member
    Join Date
    Mar 2014
    Posts
    20

    Default

    132, all time record!

  14. #4319
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    13,364

    Default

    Hot off the Chch rumour mill... Uncle Percy was just seen eagerly quaffing his favourite refreshment down at his local looking very contented indeed
    Last edited by Beagle; 30-01-2015 at 04:17 PM.

  15. #4320
    Senior Member
    Join Date
    May 2011
    Location
    Bright Side Pl
    Posts
    644

    Default

    all major analysts price target revised to lo1.21, med1.28, hi1.35.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •