Whole Milk Powder price chart looks like the Heartland share price chart
Up, up and then down down down .....
Spooky as
The strength of the correlation between the two that's existed for a very long period of time is quite remarkable. I think its clear the market is telling us that the financial health of dairy farmers really matters to HGH's future prospects.
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
The strength of the correlation between the two that's existed for a very long period of time is quite remarkable. I think its clear the market is telling us that the financial health of dairy farmers really matters to HGH's future prospects.
From NZ Herald report — Whole milk powder dropped 2.9 per cent to US$2,655 a tonne. That's the lowest price since August 2016, according to NZX dairy analyst Amy Castleton.
Heartland share price hit $1.54 back in August 2016 ......current share price almost ‘the lowest price since August 2016’ as well
Spooky
”When investors are euphoric, they are incapable of recognising euphoria itself “
The strength of the correlation between the two that's existed for a very long period of time is quite remarkable. I think its clear the market is telling us that the financial health of dairy farmers really matters to HGH's future prospects.
Could be because of the name Heartland ......association with heartland NZ and things rural.
Time for a name change .....and a new ticker code
”When investors are euphoric, they are incapable of recognising euphoria itself “
Could be because of the name Heartland ......association with heartland NZ and things rural.
Time for a name change .....and a new ticker code
You did beat me to that - I guess who wants anyway to hang around for such a long time with such a boring name just associated with share price drops?
Maybe they could try instead something like ROC - Rural Online Capital Supply? or how about WRM - West Island Reverse Mortgages?
Would be one ticker change per month enough to satisfy the fans?
Relax - I still think they are a good company, but their latest name (and particularly ticker-) change just shows how easy it is for even a good company to lose the focus on what's important ...
What they really should focus on is better customer access (including online experience), better customer care and probably better marketing. Ticker changes don't help with any of that.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
From NZ Herald report — Whole milk powder dropped 2.9 per cent to US$2,655 a tonne. That's the lowest price since August 2016, according to NZX dairy analyst Amy Castleton.
Heartland share price hit $1.54 back in August 2016 ......current share price almost ‘the lowest price since August 2016’ as well
Spooky
That was with the old Heartland Bank
If you look at the chart of the shiny new Heartland Group (like on my ANZ Securities account charts) HGH has only dipped from $1.57 to the current $1.55
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