Smaller regional banking index in the US up 17%
Banks have a very high Covid beta. Good news should flow through to HGH's share price and if it doesn't I am a buyer of more.
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
Interestingly I've had both ANZ and Westpac on the phone this morning reminding me that my fixed interest period is coming due and would i like to get anything ready today!!
They must be getting nervous.
Edit:
both have now called twice, call centres first then local branch's
And Emails from ANZ, BNZ and Westpac gee I'm feeling important today
Smaller regional banking index in the US up 17%
Banks have a very high Covid beta. Good news should flow through to HGH's share price and if it doesn't I am a buyer of more.
It has got a lot of catching up to do. Even given the performance so far today, I think it has underperformed the NZX50 by at least 22% in the past 12 months and 30% in the last two years.
When it listed as HGH on 31 October 2018 on the NZX the price was $1.54 I think.
Interestingly I've had both ANZ and Westpac on the phone this morning reminding me that my fixed interest period is coming due and would i like to get anything ready today!!
They must be getting nervous.
Edit:
both have now called twice, call centres first then local branch's
And Emails from ANZ, BNZ and Westpac gee I'm feeling important today
You should be able to achieve 2.39 % 1 year fixed .
It has got a lot of catching up to do. Even given the performance so far today, I think it has underperformed the NZX50 by at least 22% in the past 12 months and 30% in the last two years.
When it listed as HGH on 31 October 2018 on the NZX the price was $1.54 I think.
Disc: long time holder of HGH and HBL
I agree 100%. Banks have a very high Covid beta and HGH is on compelling metrics for FY21 and beyond. By the companies own forecast they are on for earning 14.5 cps in FY21 so the forward PE is only 9.3 which is well and truly out of whack with the metrics the Australian banks I follow are now on. I bought more yesterday and have the highest number of shares I have ever held. I feel very well positioned and have high expectations of a strong rerating in 2021.
Last edited by Beagle; 12-11-2020 at 03:17 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
Interestingly I've had both ANZ and Westpac on the phone this morning reminding me that my fixed interest period is coming due and would i like to get anything ready today!!
They must be getting nervous.
Edit:
both have now called twice, call centres first then local branch's
And Emails from ANZ, BNZ and Westpac gee I'm feeling important today
Had a call from Westpac too reminding me a TD was maturing. I will be cancelling the rollover and instead buy HGH.
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Originally Posted by King1212
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