Chris Lee on todays Taking Stock article questions the HBL share price going down and then says""Ïf the fall is for fear of rising rural loan write offs then the fear would seem to be misplaced""
For the record.
Chris Lee's HBL's comments has been "on the money" for about 5 years.
An excellent record.
So worth taking what he says about Heartland Bank seriously.I do.
Next week Heartland H1will be $26m plus or minus a bit.
Rural loans will show as being under control - 100% certain
But FY17?
Naturally, its too early to force an impairment for next weeks result, all the banks say as expected or no losses currently on updates..standard fare as you would expect:-) No one should be expecting anything reflected in results for a few months yet, unless a material client falls over. One would hope all fear is price in. Might take a punt on an upswing based on next weeks result.
Chris Lee on todays Taking Stock article questions the HBL share price going down and then says""Ïf the fall is for fear of rising rural loan write offs then the fear would seem to be misplaced""
Perhaps that should be repeated for the benefit of the hard of hearing who also seem to experience tunnel vision.
"Ïf the fall is for fear of rising rural loan write offs then the fear would seem to be misplaced""
Perhaps that should be repeated for the benefit of the hard of hearing who also seem to experience tunnel vision.
"Ïf the fall is for fear of rising rural loan write offs then the fear would seem to be misplaced""
WHAT YOU SAYING KIWIGOLD?
I can't hear you
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
With the recent demise of larger banks SP, be careful of a big sell into any positive news from HBL, the prelim sell has already happened. It has hardly begun to experience the ebb and flow of the banking sector, which is hurting in current climes. Jmo.
With the recent demise of larger banks SP, be careful of a big sell into any positive news from HBL, the prelim sell has already happened. It has hardly begun to experience the ebb and flow of the banking sector, which is hurting in current climes. Jmo.
BAA
Maybe after the dividend if the markets don't recover or plateau.
Good news from ABC news today. So far this reporting season Aussie banks haven't been increasing their bad debt provisions. Those bankers are not stupid probably realise they overdid it a tad.....posted here because I think it is relevant.
Still waiting for today's announcement of the half-year result. The chief bean counter at HBL must be rattling away on his abacus trying to find a few more dollars before 10am!
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