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17-03-2017, 10:41 AM
#9051
Good company, had a good run though. I'm taking some profits, in the future it will likely go higher but I think there will also be an opportunity to buy lower. Market as a whole is running hot at the moment - an overall correction will have the biggest impact on HBL SP rather than the financials of the company itself
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17-03-2017, 11:02 AM
#9052
Originally Posted by Baa_Baa
...
Those with the insights and the expertise to assess and trade the market are to be admired and considered, but taking their advice based on what and more importantly when they post, is folly.
DYOR.
BAA
Well said. Treat on-line forum with caution.
Originally Posted by Snoopy
When I look for comparatives, one of the first things I apply is the 'duck test'. Put succinctly, for identification purposes, , if it looks like a duck and quacks like a duck, the chances are it is a duck. When I apply the 'duck test' to Heartland 'Bank' something interesting happens....
It is good to make sure you compare like with like. I have shares in a big Aussie bank and in HBL. One of the reasons I bought a shareholding in HBL was for diversification - that it was a different type of bird from the big Aussies! Perhaps (hopefully) it is more of a nimble Welcome Swallow?
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17-03-2017, 11:32 AM
#9053
Originally Posted by Snoopy
When I look for comparatives, one of the first things I apply is the 'duck test'. Put succinctly, for identification purposes, , if it looks like a duck and quacks like a duck, the chances are it is a duck. When I apply the 'duck test' to Heartland 'Bank' something interesting happens.
Q1/ Can you go into a Heartland bank branch and deposit a bundle of cash?
A1/ No
Q2/ Can you go into a Heartland bank branch and withdarw a bundle of cash?
A2/ No
Q3/ Can you go into a Heartland bank branch and obtain some overseas currency for your overseas trip?
A3/ No
Q4/ Can you go into a Heartland bank and get a proper mortgage (not one of those reverse ones)?
A4/ No
My conclusion: Heartland Bank fails the 'duck test' in comparison with the other banks that Roger used as comparatives.
I guess the killer philosophical question on my mind is this:
"If a striped suited 'Beagle Boy' goes into a Heartland Bank and commands the staff to put all of the till proceeds in his swag bag, then the said Beagle Boy leaves with a limp empty sack (because Heartland don't deal with cash anymore), can he be arrested for bank robbery?"
SNOOPY
And that is exactly what I like about Heartland, they are doing things differently in niche markets rather than taking on the big 4 at their own game that they know and do very well
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17-03-2017, 11:42 AM
#9054
Originally Posted by Snoopy
.......
Q4/ Can you go into a Heartland bank and get a proper mortgage (not one of those reverse ones)?
A4/ No.....
I think the answer to this one should be "Yes". You will pay a bit more for it, but they will do mortgages.
On a side note, my main bank is SBS, and they would also get a "No" to those first 3 questions. So I guess, that on your duck test, for the last 17 years I haven't banked with a bank.
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17-03-2017, 01:05 PM
#9055
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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17-03-2017, 01:14 PM
#9056
Snoops you left out Q5
Q5/ Can you rely upon a mobile device to do simple banking transaction with Heartland
A5/ NO
Unlike other banks .... and this one prides itself in being digital
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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17-03-2017, 05:34 PM
#9057
A very strong week for HBL.
Today's close was $1.66, with the VWAP being $1.6539, on 812,247 shares traded ,for a total value of $1,343,341.
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17-03-2017, 05:48 PM
#9058
Blackpeter said we probably had capitulation over on WHS thread
Hope HBL not heading to a blow off top
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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17-03-2017, 05:54 PM
#9059
Originally Posted by winner69
Blackpeter said we probably had capitulation over on WHS thread
Hope HBL not heading to a blow off top
So what if it does?
However looking at the chart, this new high signals the breakout is on the upside.
In the meantime, I am now looking forward to the fully imputated divie,as will your bowling club mates.Did they decide to buy on their own,or did you do the decent thing and bring HBL to their attention?.
Last edited by percy; 17-03-2017 at 05:57 PM.
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17-03-2017, 06:08 PM
#9060
Originally Posted by percy
A very strong week for HBL.
Today's close was $1.66, with the VWAP being $1.6539, on 812,247 shares traded ,for a total value of $1,343,341.
< that is all
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