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24-02-2023, 09:04 AM
#16321
Originally Posted by winner69
Suppose Jeff will be raving about a 8% or so increase next week
Should be doing better Jeff if Kiwibank half year profit rises 53pc to $98 million (NZ Herald headline)
Kiwi Bank
The bank's net interest margin, the difference between income generated from credit products like loans, and payments made to deposit savers and others the bank borrows from, surged to 2.42% from 2.04% year-on-year. This comes after ASB last week reported a 33 basis points rise in its interim net interest margin to 2.52%.
What will be of interest in HGH's result will be their NIM.
Always the highest of the banks.
We have seen it reduce as they have been lending on lower margin business,so will it rise again.,and if so by how much?
Last edited by percy; 24-02-2023 at 09:07 AM.
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24-02-2023, 09:07 AM
#16322
Originally Posted by percy
Kiwi Bank
The bank's net interest margin, the difference between income generated from credit products like loans, and payments made to deposit savers and others the bank borrows from, surged to 2.42% from 2.04% year-on-year. This comes after ASB last week reported a 33 basis points rise in its interim net interest margin to 2.52%.
All the more reason why we should be expecting more from Heartland next week …in this environment ‘incremental’ increases in profit not good enough ….especially now when ‘normalising’ things is the new norm
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-02-2023, 09:11 AM
#16323
Originally Posted by winner69
All the more reason why we should be expecting more from Heartland next week …in this environment ‘incremental’ increases in profit not good enough ….especially now when ‘normalising’ things is the new norm
[
Agree "normalising" is the new norm far too often in the market now days.
Last edited by percy; 24-02-2023 at 09:16 AM.
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27-02-2023, 06:02 PM
#16324
The half year result out tomorrow
Last year normalised was $47.1m
This year how about $55m .... well on way to guidance if achieved
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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28-02-2023, 09:29 AM
#16325
Originally Posted by winner69
The half year result out tomorrow
Last year normalised was $47.1m
This year how about $55m .... well on way to guidance if achieved
Thought I'd be close
On an underlying basis, 1H2023 NPAT was $54.7 million, an increase of $7.6 million (16.2%) compared with the 1H2022 underlying NPAT
Just as well for normalising though ..... real NPAT was only $48.7m an increase of a miserly $1.1m or 2%
Jeff getting as bad as Fletchers with their normalising - not good
Last edited by winner69; 28-02-2023 at 09:30 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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28-02-2023, 09:37 AM
#16326
EPS flat (on both real and underlying)
Not a buy! solid hold, nothing to see here
overall i think if you were a long term shareholder you can sleep easy at night and let the sp do its thing
Last edited by Rawz; 28-02-2023 at 09:40 AM.
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28-02-2023, 09:39 AM
#16327
Originally Posted by winner69
Thought I'd be close
On an underlying basis, 1H2023 NPAT was $54.7 million, an increase of $7.6 million (16.2%) compared with the 1H2022 underlying NPAT
Just as well for normalising though ..... real NPAT was only $48.7m an increase of a miserly $1.1m or 2%
Jeff getting as bad as Fletchers with their normalising - not good
Seems as though Jeff loosing his Midas touch (if not already lost)...been there too long I 'pose.
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28-02-2023, 09:39 AM
#16328
Originally Posted by winner69
Jeff getting as bad as Fletchers with their normalising - not good
sp down to $1.6 level?
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28-02-2023, 09:46 AM
#16329
Originally Posted by Rawz
EPS flat (on both real and underlying)
Not a buy! solid hold, nothing to see here
overall i think if you were a long term shareholder you can sleep easy at night and let the sp do its thing
Agree this is a good hold but these numbers are a bit disappointing, particularly the NIM being down significantly while the big banks are increasing theirs. Still a happy holder but not disappointed I reduced a little recently.
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28-02-2023, 09:46 AM
#16330
Originally Posted by Rawz
EPS flat (on both real and underlying)
Not a buy! solid hold, nothing to see here
overall i think if you were a long term shareholder you can sleep easy at night and let the sp do its thing
Yes very much as I see the result too.
Looking as though future "real" growth will come from Aussie,so I am pleased they are progressing well there.
Last edited by percy; 28-02-2023 at 09:47 AM.
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