A reminder that the best analysts Jarden rate HGH a BUY with a price target of $2.34.
They trade cum the 4.0 cent fully imputed dividend for this week only.
I think that $2.34 is a distant dream after todays update
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
I think that $2.34 is a distant dream after todays update
Supported by the official forecast (without a possible upgrade), now, based on the metrics the Australian peer group I follow is currently trading on (not what they might be trading on 12 months from now as the economy recovers). I am very comfortable and content to hold.
Just the thought of all those young school leavers learning financial literacy in Te Reo gives me all the daily dose of ESG feel good factor I need
Last edited by Beagle; 22-02-2021 at 02:45 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
I think that $2.34 is a distant dream after todays update
Why would you say that? With guidance of ~$85 million net income (and growing), I think the current $1.1 Billion market cap is well below a logical valuation.
regardless, I'm in this for the juicy ongoing dividend once the handbrake is released, rather than any capital gain.
Earnings is what matters...HGH got around double the net interest margin of some of the peer group I follow. Plus all the ESG stuff you love and for the rest of us there's just the "minor" matter of the fully imputed dividends. (No Australian bank can impute dividends here to any reasonable level). What to do with that forthcoming dividend ?...DRP applies, (problem solved).
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
Restrictions are on until the 31 March 2021 or later if required.
HGH indicated at time last dividend paid based on Aussie Reverse Loans biz surplus alone - that they anticipated 'making things up'
once the straight jacket was off - didn't they ?
Next HY Report & dividend could be the one to watch IMO
At that time the immediate next period post Covid trading gains will be coming out properly in the wash too
- so the real gainers. maintainers & retreaters etc should then be more visible
For my money the jury on HGH is not done just yet .. possible top up opportunities ahead too
Originally Posted by beetills
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