-
20-09-2020, 05:43 PM
#13731
These are %age exposures
Tourism etc -
Heartland’s total exposure to the retail, accommodation and transport (excluding road freight transport) industries at 30 June 2020, based on borrower ANZSIC codes, was 2.84%, 2.17% and 1.15% respectively.
Young people - At 10 August 2020, Heartland’s exposure to customers in this age bracket is 2.9% in Motor, 0.7% in personal lending and 0.9% in Harmoney.
”When investors are euphoric, they are incapable of recognising euphoria itself “
-
20-09-2020, 05:57 PM
#13732
Originally Posted by winner69
These are %age exposures
Tourism etc -
Heartland’s total exposure to the retail, accommodation and transport (excluding road freight transport) industries at 30 June 2020, based on borrower ANZSIC codes, was 2.84%, 2.17% and 1.15% respectively.
Young people - At 10 August 2020, Heartland’s exposure to customers in this age bracket is 2.9% in Motor, 0.7% in personal lending and 0.9% in Harmoney.
Well which banks do have the problems.? ANZ,ASB,CoOP SBS,TSB,Westpac.Surely not your mate at Kiwi Bank.
I would think the bank, or banks that financed the fit outs in Anthony Gough's The Strip in ChCh would appear to have a problem/problems.And that is not even thinking about the problems in Queenstown , Wanaka,Tekapo,Blenheim,Picton,Timaru,Oamaru,TeAnau ,Westport,Greymouth or Dunedin.
Last edited by percy; 20-09-2020 at 06:04 PM.
-
20-09-2020, 06:18 PM
#13733
It was good to see HGH's rural lending down 10% in their report. Unwinding of their low margin lending in this very cyclical sector makes good sense when the dairy payout is over $7.
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
-
20-09-2020, 08:05 PM
#13734
Hey beagle ...naughty of you to do comparisons against the big Aussie 4
Jeff says they are now fintech ...the advertising campaign of being a bank is over, it’s done it’s job.
You know do a relativity exercise against other finance stocks ...and not Aussie banks.
You might even get a fair value of $3 plus.
Look forward to it.
Last edited by winner69; 20-09-2020 at 08:15 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
-
20-09-2020, 08:30 PM
#13735
LOL - I'd prefer to stick to my standard comparison which throws up some interesting numbers. Crickey some of them got smacked around the chops with Covid !!
Anyway off market screener forward FY21 PE's are as follows:-
BEN 11.6
BOQ 14.6
WBC 12
NAB 12.4
ANZ 11.6
CBA 15.7
Average 12.98
No wonder the board is upset that HGH is priced so low on a forward PE of just 8.75 and seem sure it doesn't reflect fair value, (normally a sign for me to run for the hills) but in this case I think they have a fair point.
12.98 on a forecast 14.5 cents suggests a fair price now is $1.88 !!
Crickey....it might be worth getting a few more
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
-
20-09-2020, 08:35 PM
#13736
But beagle ...didn’t you read this bit
Heartland has transitioned through a number of strategic phases to establish itself as a digitally-led financial services group, ‘a financial technology company(fintech) with a bank licence’.
Digital was mentioned 23 times in its AR
Last edited by winner69; 20-09-2020 at 08:36 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
-
20-09-2020, 08:59 PM
#13737
Originally Posted by winner69
But beagle ...didn’t you read this bit
Heartland has transitioned through a number of strategic phases to establish itself as a digitally-led financial services group, ‘a financial technology company(fintech) with a bank licence’.
Digital was mentioned 23 times in its AR
Did they mention it in Te Reo as well
They can call it whatever they like...this is all I have to say about that
https://www.bing.com/videos/search?q...tail&FORM=VIRE
Seriously though I get it that they're trying to move everything to digital but so are all the other banks so I see this claim as not much more than window dressing.
Last edited by Beagle; 20-09-2020 at 09:06 PM.
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
-
20-09-2020, 10:03 PM
#13738
Hobson wealth also put $1.80 ish
-
20-09-2020, 11:26 PM
#13739
Originally Posted by winner69
That’s old new news
I read in the paper that THE RECESSIONS OVER
probably a badly disguised puffed up party political feel good you saw ..
-
21-09-2020, 01:54 PM
#13740
Added few more this arvo, as its trading cum divvy with ex date only couple of days away.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks