I am very pleased with the result,and the very nice dividend.
Non-core property further reduced.
ROE increasing from 2.8% in 2011 up to 9.75% in the last quarter of 2014.
EPS increasing from 5cents in 2011 to 9 cents in 2014 [yes up 80%]
Equity ratio still most impressive at 15%.
Loved the "Heartland is now in growth phase."
Pleasing to see low earning mortgages being replaced with higher yielding products.
NTA is a very respectible 86cents per share.
Yay Percy. I feel happy about being happy with the results now.
I am very pleased with the result,and the very nice dividend.
Non-core property further reduced.
ROE increasing from 2.8% in 2011 up to 9.75% in the last quarter of 2014.
EPS increasing from 5cents in 2011 to 9 cents in 2014 [yes up 80%]
Equity ratio still most impressive at 15%.
Loved the "Heartland is now in growth phase."
Pleasing to see low earning mortgages being replaced with higher yielding products.
NTA is a very respectible 86cents per share.
I am very pleased with the result,and the very nice dividend.
Non-core property further reduced.
ROE increasing from 2.8% in 2011 up to 9.75% in the last quarter of 2014.
EPS increasing from 5cents in 2011 to 9 cents in 2014 [yes up 80%]
Equity ratio still most impressive at 15%.
Loved the "Heartland is now in growth phase."
Pleasing to see low earning mortgages being replaced with higher yielding products.
NTA is a very respectible 86cents per share.
No surprises.
The outlook is solid.
Guidance for FY15 $42-45mil. Within current analyst forecasts.
No surprises.
The outlook is solid.
Guidance for FY15 $42-45mil. Within current analyst forecasts.
I would expect at the AGM you/we will get further updates on REL and "investigating possible capital management options to improve ROE."
The FY15 guidance $42-45mil I am happy with.The $42mil would be an increase of 16.66% while the $45mil would be a whooper 25%!!!
All the time we will continue to receive ongoing increasing dividends. "Poised".
Okay...pauses for thought...yes, I will fire the first snooping question, seeing as the Snoop Dog is obviously asleep in his kennel.
How do they get EPS of 9 cps in their analysts presentation ? They must be using an average number of shares on issue during the year because based on the issued shares at year end of 463.266m and earnings of 36.0 after tax I get EPS of 7.77cps and based on a SP of 95 cents = a PE of 12.22.
Based on the mid point forecast for 2015 of $43.5m I get EPS of 9.39 cps for a 2015 PE of 10.12. Thoughts ?
Originally Posted by percy
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