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17-09-2020, 05:04 PM
#13691
Originally Posted by winner69
Hey beagle me old mate ...no more relativity exercises v Australian banks allowed.....yep,not allowed now.
Jeff says -
Current bank price-to-earnings ratio multiples are below many of those for finance companies and fintechs, and Heartland recognises that its current share price may not appropriately reflect the price of underlying nature of its businesses. Consequently, the Board has asked management to explore this and identify means of optimising value.
Even that ultimate dog FXL trades on a PE of 20 .....Jeff must have noticed
Does look super cheap on a forward PE of 8.8 that's for sure. Normal range is 11-17. Once we're on top of this virus it'll be back to 17 again as growth surges back into the economy. Heck 14.5 cps x 17 = $2.47...easy double your money stuff when the coast is clear. What could possibly go wrong lol
Originally Posted by percy
Just what we would expect from a board whose members are substantial shareholders.It is called "the owners eye."
Disc.I am again a shareholder.
Welcome back on board. Better to be on the right side of the investment ledger eh mate, 8.2% yield > 1.5% on term deposit
Last edited by Beagle; 17-09-2020 at 05:07 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
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17-09-2020, 05:08 PM
#13692
Member
Originally Posted by winner69
Don’t agree there mate
They’ll concentrate on the business ....but they need to tell a story that they are not a bank
The bank story did what they wanted it to do years ago ...remember the chief financial guy saying becoming a Bank was only an advertising ploy and gave them ‘credibility’ ..... now they’ve grown up and a essentially a finance company.
If fintechs get rated at greater multiples then a fantastic story to tell the story they are more than a boring bank
I’m all for it ...great move
Maybe jeff has listened to some shareholders ...some been saying that for a while
I hope you're right. I'm staying long but I'm not resting that easy with it.
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17-09-2020, 05:32 PM
#13693
Great...all the masters are back on holding...all aboard!!!!! The ships ia ready to sail!
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17-09-2020, 07:03 PM
#13694
Originally Posted by Beagle
Does look super cheap on a forward PE of 8.8 that's for sure. Normal range is 11-17. Once we're on top of this virus it'll be back to 17 again as growth surges back into the economy. Heck 14.5 cps x 17 = $2.47...easy double your money stuff when the coast is clear. What could possibly go wrong lol
Welcome back on board. Better to be on the right side of the investment ledger eh mate, 8.2% yield > 1.5% on term deposit
Had a T/D mature last week..Got a phone call from Heartland offering me 1.65% for 6 or 9 months..
Politely declined the offer...bought shares today instead!
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17-09-2020, 08:06 PM
#13695
Originally Posted by Benny1
Had a T/D mature last week..Got a phone call from Heartland offering me 1.65% for 6 or 9 months..
Politely declined the offer...bought shares today instead!
Good move mate. Just got to get Iceman back on board now and all the good old boys will be back. Toot Toot Iceman...the train is leaving the station
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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17-09-2020, 08:23 PM
#13696
Originally Posted by Benny1
Had a T/D mature last week..Got a phone call from Heartland offering me 1.65% for 6 or 9 months..
Politely declined the offer...bought shares today instead!
Good move - makes perfect sense, happy long term holder, pleasing result.
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17-09-2020, 08:44 PM
#13697
Like RTM I had some concerns about whether the divvy would be retained, so today there were two orders on market, the buy if it was good, the sell if it wasn’t.
Happily I have a few more of heartland and for me the results and divvy ticked all the boxes, the outlook was the icing on the cake.
As some would say, and apologies for stealing this … we are well positioned.
🤣
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17-09-2020, 09:58 PM
#13698
Yesterday is history, tomorrow is a mystery, and today is a gift... that's why they call it present'
HGH was unloved stock till this morning. A lot u guys said doom n gloom....
No one can predict the future...But we all can be assured now...HGH is well positioned
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17-09-2020, 10:18 PM
#13699
Originally Posted by Beagle
Entered at a price of $1.20, well that's the price I got as I topped up in the open trade. Putting the announcement on at 9.50am did however mean it was only a short window to read, consider if it would be a good feed and put in the buy order.
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17-09-2020, 10:52 PM
#13700
I hope the dividends will resume soon, it will be faster than other companies who you'd expect to recover faster than a bank (or innovative fintech )
From the 2020FY presentation:
96% of Consumer loans and 98% of SME and Business loans are on usual (pre-COVID) repayment schedules or have taken up Heartland Extend.
I imagine the rural loans will be doing well given our strong export numbers.
Last edited by Panda-NZ-; 17-09-2020 at 11:11 PM.
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