I took my full entitlement and then I said I am willing to participate X amount of dollars in the build. How I see it is if I buy for less than 1.90c I am well winning.
So, as I understand it, institutional investors give Heartland an indication of how many they would take at a certain price per share. Heartland looks at these offers and decides the price (which can be anything from 1.70 to the closing price day before the bookbuild). Then the allocations are [scaled and] distributed to everyone who applied. So, I'm confused about the price. Less demand will mean lower price?
Applied for my rights yesterday, great buying at $1.70...not so sure about >$2.
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
just moving away from all the diversity talk for a sec. I think Heartlands internet banking is truly awful. I only perservere for the better interest rates and because I am a shareholder. What do others think? I guess the problem is I am comparing to ANZ which has a pretty good internet banking platform that is super easy to get around and use (and they have plenty of money to make it good). I even find Rabobank easier than HBL and they arent that great either.
Agree. Tried to open an account this am, had to email them back about something I was unsure of, and got back what I considered a rude condescending reply. I'd prefer to support Heartland considering husband is a shareholder, but maybe I'll stick to Rabobank despite their annoying digipass.
Agree. Tried to open an account this am, had to email them back about something I was unsure of, and got back what I considered a rude condescending reply. I'd prefer to support Heartland considering husband is a shareholder, but maybe I'll stick to Rabobank despite their annoying digipass.
Opening a new account with any bank is a nightmare these days - unless you are already an account holder. I finally got around to establishing a personal call account with Heartland (their measly 2.75% is much better than any other bank) and as we already have business banking with them the process was smooth, easy and fast.
I guess their staff get just as frustrated as their customers with the drama involved - though that's no excuse for a rude response.
Their web site has improved a bit over recent months but it's still nowhere near as intuitive and easy to navigate as the ANZ (though I have many years of familiarity with that going back to the good old National Bank days).
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