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23-02-2016, 12:53 PM
#7101
Originally Posted by winner69
We are so well positioned we are expecting a 19% increase in 2nd half earnings over pcp - whoopee
And they only achieved 9% increase in H1
Heartland certainly firing up for the 2nd half - no wonder the share price is roaring ahead and back to former glorious heights
I am more than happy with the 9% H1 increase,and the increased dividend.
I don't share your expectations.
So happy, I am buying back some of the shares I sold a few weeks ago.
Currently buying at $1.16,.
Last edited by percy; 23-02-2016 at 12:55 PM.
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23-02-2016, 01:20 PM
#7102
Originally Posted by percy
I am more than happy with the 9% H1 increase,and the increased dividend.
I don't share your expectations.
So happy, I am buying back some of the shares I sold a few weeks ago.
Currently buying at $1.16,.
I'm with you Percy. HBL is a good solid Bank (without high risk residential lending) not a lotto ticket.
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23-02-2016, 01:49 PM
#7103
Originally Posted by percy
I am more than happy with the 9% H1 increase,and the increased dividend.
I don't share your expectations.
So happy, I am buying back some of the shares I sold a few weeks ago.
Currently buying at $1.16,.
There's currently only one buyer at $1.16...now filled. Market quite rightly, in my opinion, remains concerned about how long banks carry loss making customers whether its dairy, mining, whatever... in HBL's case obviously dairy is still a contingent issue and until there's a meaningful recovery in the GDT auction price, (strong correlation as suspected and subsequently demonstrated by Winner69 with his graph) I think it will be difficult for the HBL's SP to make real progress north. That said there's the good fully imputed yield at this price should be supportive of SP around these level's I would have thought.
Most Australasian banks have seen their forward PE's clipped back on asset quality concerns...HBL simply following the international trend in that regard.
Disc - Waiting to buy when GDT auction prices show a real recovery.
Last edited by Beagle; 23-02-2016 at 02:14 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
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23-02-2016, 02:03 PM
#7104
Originally Posted by percy
I am more than happy with the 9% H1 increase,and the increased dividend.
I don't share your expectations.
So happy, I am buying back some of the shares I sold a few weeks ago.
Currently buying at $1.16,.
The +19% increase in H2 earnings is not my expectations - it's Heartlands own expectations
Yes $1.16 is very cheap on those expectations
”When investors are euphoric, they are incapable of recognising euphoria itself “
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23-02-2016, 04:00 PM
#7105
Junior Member
Failed Canterbury businessman Paul Encell charged with more than $400,000 fraud
Originally Posted by Balance
Headwinds out there on requirements for bad debts provisioning - suspect HBL is keeping powder dry for the problems ahead as dairy sector problems bite.
http://www.stuff.co.nz/business/7716...n-400000-fraud
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23-02-2016, 04:32 PM
#7106
But you know this already
Originally Posted by winner69
The +19% increase in H2 earnings is not my expectations - it's Heartlands own expectations
Yes $1.16 is very cheap on those expectations
An expectation range from 2.8% to 19.0%.
Best Wishes
Paper Tiger
PS: Satisfied with the result.
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23-02-2016, 06:13 PM
#7107
Originally Posted by Paper Tiger
An expectation range from 2.8% to 19.0%.
Best Wishes
Paper Tiger
PS: Satisfied with the result.
But they always do what they say they will do. - and deliver to just under top end of guidance
If it was only 2.8% wouldn't that be a disaster - or disappointing at least
”When investors are euphoric, they are incapable of recognising euphoria itself “
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23-02-2016, 06:38 PM
#7108
I really don't understand why after beating expectations, hiking the dividend (something Forsyth at least wasn't expecting) and showing robust strength all round, the share price didn't move...?!?
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23-02-2016, 06:50 PM
#7109
Originally Posted by trader_jackson
I really don't understand why after beating expectations, hiking the dividend (something Forsyth at least wasn't expecting) and showing robust strength all round, the share price didn't move...?!?
Hi Michael,
I think it's simply to do with the global investment community being cautious in general, and the market factoring in a little bit of dairy induced weakness for the upcoming years. If you feel it's being incorrectly undervalued, then buy up large, then sit back, relax and enjoy your growth and divvys.
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23-02-2016, 06:53 PM
#7110
Originally Posted by trader_jackson
I really don't understand why after beating expectations, hiking the dividend (something Forsyth at least wasn't expecting) and showing robust strength all round, the share price didn't move...?!?
You should be pleased then t_j - still time to back the track up.
There was plenty of excitement early on today - reached 122
”When investors are euphoric, they are incapable of recognising euphoria itself “
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