Dairy prices have risen to a record high at this morning's Global Dairy Trade auction, with the GDT price index gaining 5.1 per cent since the last auction.
Not sure what the fuss is with their online banking system. Its seems to work okay for me.
Last edited by Beagle; 02-03-2022 at 10:26 AM.
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
Not sure what the fuss is with their online banking system. Its seems to work okay for me.
It had been some months since I logged on to internet banking (as I found it dreadful.) I had been using the iOS app, which is very good, and phone banking. I logged on to internet banking today, and it has been upgraded since my last visit. It is now very much smoother and more intuitive to find what I want.
Previously each click opened up a new window and the message centre always produced an error for me.
Old Heartland getting smashed this morning off small volumes - down 4.5% to $2.10 and sellers at $2.09. Interesting the SP has now moved to slightly below the spot valuation from the brokers. Implies healthy net yields of +6% from here. But if the oil embargo happens that's probably going to reset spending and borrowing patterns and the consensus will no longer remain a valid baseline. Just think though - at 6% net yield - you are just keeping up with inflation even pre ukraine war - wild times.
Feeling like deja vu. A while back bought into H around 1.50ish and it soon got pulled back to 1.20 ish (I think that’s when Beagle backed up the truck). Sold at 1.90 to do some Reno’s. So now a possible re-entry point
Old Heartland getting smashed this morning off small volumes - down 4.5% to $2.10 and sellers at $2.09. Interesting the SP has now moved to slightly below the spot valuation from the brokers. Implies healthy net yields of +6% from here. But if the oil embargo happens that's probably going to reset spending and borrowing patterns and the consensus will no longer remain a valid baseline. Just think though - at 6% net yield - you are just keeping up with inflation even pre ukraine war - wild times.
Normalised EPS
FY22
FY23
FY24
Jarden
0.159
0.168
0.183
Craigs
0.161
0.169
0.176
Macquarie
0.162
0.166
0.180
Forbar
0.154
0.161
0.158
Average
0.159
0.166
0.174
Spot PE @ $2.10
13.21x
12.65x
12.05x
DPS
FY22
FY23
FY24
Jarden
0.13
0.135
0.14
Craigs
0.13
0.1365
0.141
Macquarie
0.135
0.145
0.155
Forbar
0.12
0.125
0.13
Average
0.129
0.135
0.142
Spot yield @ $2.10
6.1%
6.4%
6.7%
Valuation
Spot
TP
Jarden
2.33
2.46
Craigs
2.17
2.27
Macquarie
2.24
2.33
Forbar
1.78
1.84
Average
2.13
2.23
Great post. If they pay 14 cps in dividends in FY23 up from 13 cps this year that's a gross yield of 9.26%.
If that gets to 10% ($1.94 share price) I'm getting the truck out.
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
Great post. If they pay 14 cps in dividends in FY23 up from 13 cps this year that's a gross yield of 9.26%.
If that gets to 10% ($1.94 share price) I'm getting the truck out.
Originally Posted by Grimy
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