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17-09-2020, 02:08 PM
#13681
Nice one. I love how Snoopy has been patiently sitting back, humble as can be, content in his modeling, refusing to be baited by those other hounds over the last few weeks who were seemingly discarding HGH like it was some rotten piece of meat. Woof, woof!
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17-09-2020, 02:25 PM
#13682
Last edited by Beagle; 17-09-2020 at 02:26 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, 02:26 PM
#13683
And good on you for eating humble pie (little bone in your case) and backing it with dollars...I am happily surprised with result and have added more..
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17-09-2020, 02:42 PM
#13684
52-Week Range: 89 - 193
Wished I'd sold at 193 and bought again at 89.
Gosh....I'm stupid. It seems so obvious.
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17-09-2020, 02:59 PM
#13685
I'm holding and happy with the result, kicking myself for not topping up yesterday but was probably the right decision for us.
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17-09-2020, 04:04 PM
#13686
one of my top companies to park my money.....very resilient!!!
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17-09-2020, 04:44 PM
#13687
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
”When investors are euphoric, they are incapable of recognising euphoria itself “
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17-09-2020, 04:53 PM
#13688
Member
I'm not sure of I like the sound of this. Management need to focus on the core business and pay no attention to the share price, which will take care of itself eventually. Mr Buffet would have kittens! Potentially a big distraction for management. Let Harmoney get the high multiple in the IPO and look to sell some down would be the way to play it.
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17-09-2020, 04:54 PM
#13689
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
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.[45% of what I used to hold].
Last edited by percy; 17-09-2020 at 05:04 PM.
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17-09-2020, 05:02 PM
#13690
Originally Posted by KJMLimited
I'm not sure of I like the sound of this. Management need to focus on the core business and pay no attention to the share price, which will take care of itself eventually. Mr Buffet would have kittens! Potentially a big distraction for management. Let Harmoney get the high multiple in the IPO and look to sell some down would be the way to play it.
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
Last edited by winner69; 17-09-2020 at 05:03 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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