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19-02-2019, 09:00 AM
#12021
no div increase my pick with an announcement that future capital provisions might mean lower divs going forward , shares smashed unfortunatley ... hope im wrong i own a few
one step ahead of the herd
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19-02-2019, 09:03 AM
#12022
Originally Posted by winner69
Bankers have always been slackers when it comes to getting to work on time.
Today is the day isn’t it?
Don't see why they can't release the info at 8.30 so people can get a good look at it. Delayed my walk this morning for this.
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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19-02-2019, 09:04 AM
#12023
Member
Originally Posted by winner69
Bankers have always been slackers when it comes to getting to work on time.
Today is the day isn’t it?
https://shareholders.heartland.co.nz/?m
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19-02-2019, 09:11 AM
#12024
no div increase and a profit downgrade
one step ahead of the herd
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19-02-2019, 09:14 AM
#12025
Jeez ....a profit downgrade ...bloody hell
And H1 EPS lower than last year
Has Jeff run out of things to get out of the bottom drawer?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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19-02-2019, 09:22 AM
#12026
2.1m in one off costs relating to capital restructure, listing on the ASX and unfavourable FX rate. Strip that out and the result looks pretty good. Remember these are one off costs and non recurring.
"In the absence of an unanticipated increase in growth or an acquisition, the Group has no current need to raise equity from shareholders other than thorough the Dividend Reinvestment Plan. A combination of retained earnings reinvested through the Dividend Reinvestment Plan and other sources are sufficient for funding business as usual growth".
$74m guidance, mid point represents 13.1 cps. Normalised for removal of one-off's above that would be 13.44 cps. Normalised the company is on a forward PE of just 10.0 As cheap as it has been in many years.
No capital raise ! Happy to hold as on the current price I think the shares are very cheap.
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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19-02-2019, 09:25 AM
#12027
Originally Posted by Beagle
2.1m in one off costs relating to capital restructure, listing on the ASX and unfavourable FX rate. Strip that out and the result looks pretty good. Remember these are one off costs and non recurring.
"In the absence of an unanticipated increase in growth or an acquisition, the Group has no current need to raise equity from shareholders other than thorough the Dividend Reinvestment Plan. A combination of retained earnings reinvested through the Dividend Reinvestment Plan and other sources are sufficient for funding business as usual growth".
$74m guidance, mid point represents 13.1 cps. Normalised for removal of one-off's above that would be 13.44 cps. Normalised the company is on a forward PE of just 10.0 As cheap as it has been in many years.
No capital raise ! Happy to hold as on the current price I think the shares are very cheap.
Looks ok, especially no capital raise but I think this will continue to be an issue for the market - question of when, not if?
Downgrade has been anticipated by some in the market but probably not all.
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19-02-2019, 09:25 AM
#12028
Originally Posted by bull....
no div increase and a profit downgrade
"Whilst Heartland considers that it could still achieve a result at thebottom end of guidance, it would come at a cost to further investment in growth. Accordingly, anupdated guidance range of $73 million to $75 million is now considered prudent. The midpoint of thatrange would see the delivery of approximately 10% NPAT growth for FY19 compared to FY18."
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19-02-2019, 09:26 AM
#12029
Originally Posted by minimoke
"Whilst Heartland considers that it could still achieve a result at thebottom end of guidance, it would come at a cost to further investment in growth. Accordingly, anupdated guidance range of $73 million to $75 million is now considered prudent. The midpoint of thatrange would see the delivery of approximately 10% NPAT growth for FY19 compared to FY18."
i prefer companies that invest for growth
one step ahead of the herd
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19-02-2019, 09:28 AM
#12030
Beagle ..I thought you didn’t really approve of ‘normalising’ things
What’s the next ‘non-recurring’ item going to be?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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