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11-01-2017, 11:09 AM
#8421
Originally Posted by winner69
Looks like 11.1 times 2016 NPAT from numbers on ANZ fact sheet
Interestingly according to ANZ securities at $1.51 Heartland trading on a FY16 PE multiple of 13.97 times EPS of 10.81.
11.1 x 10.81 = only $1.20. Hmmmmm
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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11-01-2017, 11:20 AM
#8422
Originally Posted by Roger
Interestingly according to ANZ securities at $1.51 Heartland trading on a FY16 PE multiple of 13.97 times EPS of 10.81.
11.1 x 10.81 = only $1.20. Hmmmmm
Can I translate this into words that everyone can understand?
The party is over.
Heartland: Sell, sell, sell!
SNOOPY
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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11-01-2017, 11:27 AM
#8423
Originally Posted by Snoopy
Can I translate this into words that everyone can understand?
The party is over.
Heartland: Sell, sell, sell!
SNOOPY
Very funny.At least your record of being 100% wrong on this thread remains intact...lol.
The reality is the market values growth.
Especially organic growth.
Look for UDC staff looking for jobs at Heartland Bank,
And I would expect a great number of UDC's clients will follow them.
I would not deposit or lend money to a Chinese outfit.Would you?
BuyBuy Buy HBL.NZ's only listed bank,showing sustainable growth.!!
Last edited by percy; 11-01-2017 at 12:12 PM.
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11-01-2017, 11:39 AM
#8424
I think Heartland will have to get their bond issue under way pretty smartly to fund the UDC clients moving over to them.
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11-01-2017, 11:41 AM
#8425
Member
I have a lot of heartland. They are a bank not a finance co and without ANZ as an implied gaurantor cannot have as good a PE as Heartland. Therefore I would say Heartland are undervalued. I will pick up more in the SPP.
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11-01-2017, 02:06 PM
#8426
Originally Posted by percy
I think Heartland will have to get their bond issue under way pretty smartly to fund the UDC clients moving over to them.
Hehe, I like it
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11-01-2017, 02:43 PM
#8427
Originally Posted by percy
I think Heartland will have to get their bond issue under way pretty smartly to fund the UDC clients moving over to them.
I reckon less than 10% would know in due course about the change and of those probably only 10% would care, so maybe 1 in 100 would switch. Their finance deal will probably remain the same so genuine question, why should or would they care ? Plenty of cheap Chinese money sloshing around, maybe their rates get more competitive and they steal market share from Heartland ? If you'd just invested $660m mate wouldn't you be looking to grow the business ?
Last edited by Beagle; 11-01-2017 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
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11-01-2017, 02:52 PM
#8428
I reckon less than 10% would know in due course about the change
You're probably correct in that many won't care who's financing them but they'll certainly know about it - regulations and all that!
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11-01-2017, 03:15 PM
#8429
Originally Posted by macduffy
You're probably correct in that many won't care who's financing them but they'll certainly know about it - regulations and all that!
Yes as you suggest they'll have to write to all their customers to inform them of the change and probably 90% of those will throw the letter in the bin as soon as they read the highlighted bit right at the top that nothing changes about their financing arrangements. The vast majority of the other 10% that stop to have something of a think about it won't care either for the same reason.
Of course the new owners will dress the change up highlighting new opportunities for existing customers like perhaps expanded credit lines...as mentioned above, nobody invests $660m and doesn't try and grow the business.
Last edited by Beagle; 11-01-2017 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
-
11-01-2017, 03:23 PM
#8430
Originally Posted by Roger
Yes as you suggest they'll have to write to all their customers to inform them of the change and probably 90% of those will throw the letter in the bin as soon as they read the highlighted bit right at the top that nothing changes about their financing arrangements. The vast majority of the other 10% that stop to have something of a think about it won't care either for the same reason.
Of course the new owners will dress the change up highlighting new opportunities for existing customers like perhaps expanded credit lines...as mentioned above, nobody invests $660m and doesn't try and grow the business.
I wonder how HNA will grow the UDC business? When ANZ owned UDC, you could always walk into an ANZ bank branch to gain information. But HNA has no footprint in NZ that I know of.
SNOOPY
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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