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17-09-2020, 09:52 AM
#13651
Member
https://www.nzx.com/announcements/359897
• NPAT of $72.0 million.
• Adjusted NPAT of $78.9 million (removing the economic overlay of $9.6 million pre-tax), up 7.2% ($5.3 million).
• Gross finance receivables (Receivables) of $4.6 billion, up 4.9% ($215.0 million).
• Return on equity (ROE) of 11.4%, up 31 basis points (bps).
• Net interest margin (NIM) of 4.33%, flat on FY2019.
• Net operating income (NOI) of $235.3 million, up 13.2%.
• Cost to income ratio (CTI) of 45.4%, up 3.8 percentage points (pp). After allowing for changes in the accounting treatment and one-off impacts, the underlying CTI is 44.5%, up 4.6 pp as a result of significant investments in areas of strategic importance.
• FY2020 final dividend of 2.5 cents per share (cps), taking FY2020 total dividend to 7.0 cps – a decrease of 3.0 cps (as a consequence of restrictions imposed by the Reserve Bank of New Zealand (RBNZ) on distributions by banks in New Zealand).
• A dividend yield of 8.2% (8.6% in FY2019).
• Earnings per share (EPS) of 13.7 cps, up 5.2%.
Last edited by Filthy; 17-09-2020 at 09:59 AM.
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17-09-2020, 09:58 AM
#13652
 Originally Posted by Filthy
That's Incredible.
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17-09-2020, 10:00 AM
#13653
The highlights indicate a very solid result once again. ROE +11.4%, EPS +5.2% (new capital being put to work) and NIM staying high at 4.33% and paying a reduced but healthy dividend..
This is a very well managed and well diversified company.
Not holding and will stick to waiting on the sidelines another 6 months to see how things pan out before entering the share register again.
Last edited by iceman; 17-09-2020 at 10:02 AM.
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17-09-2020, 10:02 AM
#13654
Originally Posted by percy
That's Incredible.
you sound dubious haha
For clarity, nothing I say is advice....
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17-09-2020, 10:04 AM
#13655
NPAT for 21 forecast at 83-85 million, approx 16% growth expected. What covid recession?
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17-09-2020, 10:07 AM
#13656
Member
Dividend lower than I thought, but hey, at least we get one. Good work Heartland.
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17-09-2020, 10:08 AM
#13657
http://nzx-prod-s7fsd7f98s.s3-websit...897/330902.pdf
First impressions - This actually looks really good. I am very surprised by their outlook forecast of $83-85m.
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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17-09-2020, 10:10 AM
#13658
Originally Posted by Beagle
Banks love recessions dont they?!
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17-09-2020, 10:11 AM
#13659
Originally Posted by jimdog31
Banks love recessions dont they?!
Now what happens to the share price!
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17-09-2020, 10:14 AM
#13660
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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