I get it mate. They want to be the Maori employer of choice for young Maori so they can get them off the streets and gainfully employed instead of joining gangs and causing chaos. That's good and its good for everyone. Good on them.
Where's the numbers ?
Bankers have always struggled with cutting and pasting
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
.Significant progress made on implementing Heartland’s workplan to address improvements across conduct and culture.
• 47% of employees were aged 35 years and under.
• 35 interns joined Heartland Bank’s Manawa Ako internship programme – 10 more interns than last year’s intake.
And that’s a story that leads to profit up 20%
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
.Significant progress made on implementing Heartland’s workplan to address improvements across conduct and culture.
• 47% of employees were aged 35 years and under.
• 35 interns joined Heartland Bank’s Manawa Ako internship programme – 10 more interns than last year’s intake.
And that’s a story that leads to profit up 20%
Well, looks like diversification really works.
Anyway - pretty happy about the numbers.
NPAT of $39.9 million, up 20.4% ($6.7 million).
Gross finance receivables (Receivables) of $4.6 billion, up $177 million (8% annualised growth) since June 2019.
Did anybody notice - interim dividend up to 4.5 cents (from 3.5 cents)! Not bad ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
The good....Solid increases in O4B and RELs.Further reduction in big loans [ rural and business].
The not so good....Increase spend on systems and other compliance overheads.No increase in divie.
Pretty well spot on except about the divie. A solid result.
There’s so many good numbers I don’t think we’ll hear from beagle for a while ...lot of good stuff to digest and he hasnt installed the upgrade to his abacus yet
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
.Significant progress made on implementing Heartland’s workplan to address improvements across conduct and culture.
• 47% of employees were aged 35 years and under.
• 35 interns joined Heartland Bank’s Manawa Ako internship programme – 10 more interns than last year’s intake.
That's fantastic, who cares about the financial numbers after reading that !
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
Aussie REL's continue showing strong annual growth of 20% and are up to and now up to $ 887 million, raising market share to 26%. Interesting to see very fast growth (from a low base) for Harmoney in Australia. Divie increased by 1c which was a bit of a surprise. Nothing too negative in there except operating costs are significantly higher but not unexpected.
From first read this seems to be another great result.
Originally Posted by Beagle
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