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06-11-2023, 09:25 AM
#16781
Originally Posted by winner69
Whose going to or joining in the hui this week
Jeez, Challenger Bank Directors going to be well paid eh
And nice the Chair of the newly formed Sustainability Committee is to get $20,000 of the huge increase in Directors Fees
I've voted NO against Directors Fees and NO to re-elect our Greg .......good guy but done his stint and Board needs less old white guys no matter how smart they are.
Crikey you would vote against Warren and Charlie...lol
Our Gregg is still using his brain.He has attracted the incredible CEO Simon Limmer to his Indevin bussiness.
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06-11-2023, 09:32 AM
#16782
Originally Posted by percy
Crikey you would vote against Warren and Charlie...lol
Our Gregg is still using his brain.He has attracted the incredible CEO Simon Limmer to his Indevin bussiness.
Greg good guy …and hopefully would still have ‘influence’ and a say even if not a Director …..look before he was appointed in 2018
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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06-11-2023, 01:44 PM
#16783
Junior Member
Has anyone heard any rumblings about the progress of the Australian Banking Licence?
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09-11-2023, 01:37 PM
#16784
Fy2024 NPAT $116-122m not included Challenger bank
The SP has no reaction....tough market to please alright!!!
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09-11-2023, 01:51 PM
#16785
Last edited by winner69; 09-11-2023 at 02:35 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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09-11-2023, 02:39 PM
#16786
How many times they say resilience and resilient
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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09-11-2023, 02:45 PM
#16787
Originally Posted by winner69
How many times they say resilience and resilient
Interest rates be resilient and resistant too
Inline with the way interest rates have moved closing in on the Div yield, many might be hoping to vote for
a large Div hike
Last edited by nztx; 09-11-2023 at 02:47 PM.
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09-11-2023, 03:47 PM
#16788
4. Outlook
We expect FY2024 to be a more challenging year due to high interest rates impacting borrowerdemand and credit quality. We are also seeing greater competition for deposits due to major banksrefinancing the COVID-19 funding for lending programme. Initiatives to address this are underway,including Heartland Bank’s new Digital Saver on-call deposit product, targeting lower cost and lesscompetitive parts of the yield curve.The first quarter is typically slower, and this was exacerbated by election uncertainty, whichimpacted Motor Finance in particular, but there are signs of a bounce back post-election andpipelines are strong. Meanwhile, Reverse Mortgages and Asset Finance growth has continued. Astrong commitment to ensuring good customer outcomes, alongside proactive portfolio pricing andmargin management will remain a focus, especially in this challenging environment.
jus as we thought ... feeling the pressure from slowdown and competition , similar to aus company commentaries in the space
one step ahead of the herd
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09-11-2023, 03:52 PM
#16789
Originally Posted by nztx
Interest rates be resilient and resistant too
Inline with the way interest rates have moved closing in on the Div yield, many might be hoping to vote for
a large Div hike
Not likely. Chair Greg Tomlinson waxed lyrically about Heartland's dividend record to date BUT then suggested quite a bit of dough needed to expand in Australia so dividends NOT GUARANTEED going forwards!
SNOOPY
P.S. Loved the bit where Tomlinson tried to close the meeting prematurely BEFORE the vote was held for his own re-election to the board! (LOL)
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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09-11-2023, 04:00 PM
#16790
Originally Posted by bull....
4. Outlook
We expect FY2024 to be a more challenging year due to high interest rates impacting borrowerdemand and credit quality. We are also seeing greater competition for deposits due to major banksrefinancing the COVID-19 funding for lending programme. Initiatives to address this are underway,including Heartland Bank’s new Digital Saver on-call deposit product, targeting lower cost and lesscompetitive parts of the yield curve.The first quarter is typically slower, and this was exacerbated by election uncertainty, whichimpacted Motor Finance in particular, but there are signs of a bounce back post-election andpipelines are strong. Meanwhile, Reverse Mortgages and Asset Finance growth has continued. Astrong commitment to ensuring good customer outcomes, alongside proactive portfolio pricing andmargin management will remain a focus, especially in this challenging environment.
jus as we thought ... feeling the pressure from slowdown and competition , similar to aus company commentaries in the space
Yes and all sensible commentary from the board - although you omitted the guided growth in NPAT part lol
Originally Posted by Snoopy
Not likely. Chair Greg Tomlinson waxed lyrically about Heartland's dividend record to date BUT then suggested quite a bit of dough needed to expand in Australia so dividends NOT GUARANTEED going forwards!
SNOOPY
P.S. Loved the bit where Tomlinson tried to close the meeting prematurely BEFORE the vote was held for his own re-election to the board! (LOL)
Nothing guaranteed in life.
HGH got a bit of flack on this board when it announced its FY22 results, raised capital for stockco, but still paid a final dividend. And fair enough - paying a dividend only to request money back?
It's been my view for sometime that if Challenger was to proceed the business would undertake some form of capital raising - not just for Challenger, but capital to capitalise it to grow the AU book and all the prudential requirements an ADI brings. Clearly the shape and form of any interim dividend should form part of the sources and uses discussion at the Board table. I noticed the comment too but didn't read more into it than that.
Last edited by Muse; 09-11-2023 at 04:03 PM.
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