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23-02-2015, 09:29 AM
#4501
Yes a good result and a welcome increase in dividend.
I was surprised how much they have already lent to Harmoney, $17M. They must be doing OK,
Slightly disappointing that HER is not doing the business for us yet but hopefully the increased marketing focus in both NZ & AUS will see it pickup in the 2nd half.
Business, Rural and Household all nice and steady.
Again they deliver like they say they will. A great company and management to be invested in.
Originally Posted by babymonster
$23.5 Million... well done...
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23-02-2015, 09:55 AM
#4502
At first glance this looks like a sound result...impairments at $5.1m almost as much as the whole of last year so if they can get those down in due course we could see profitability ramp up to another new level especially when HER starts to really get cranking along. Dividend increase looks good and if they follow the trend we'll see a fully imputed 4.5 cent dividend at the full year result.
Dividend yield for the hounds among us would therefore be 7.5 / 0.72 = 10.4167 cents gross or 7.55% on a $1.38 SP and growing each year. Much better than money in the bank
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23-02-2015, 10:08 AM
#4503
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23-02-2015, 10:14 AM
#4504
Better to own a bank than loan a bank isn't it ?
Originally Posted by Toasty
As a shareholder of HNZ don't I effectively have "money in the bank"?
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23-02-2015, 10:22 AM
#4505
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23-02-2015, 10:30 AM
#4506
Originally Posted by iceman
Better to own a bank than loan a bank isn't it ?
Never a given ...Lest we forget GFC ...
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23-02-2015, 10:51 AM
#4507
Originally Posted by iceman
Yes a good result and a welcome increase in dividend.
I was surprised how much they have already lent to Harmoney, $17M. They must be doing OK,
Slightly disappointing that HER is not doing the business for us yet but hopefully the increased marketing focus in both NZ & AUS will see it pickup in the 2nd half.
Business, Rural and Household all nice and steady.
Again they deliver like they say they will. A great company and management to be invested in.
A good summary Iceman.The HER is a good product.Increased marketing and opening new distribution channels will get the momentum going.
Roger.That dividend yield looks wonderful on our average cost price.!! lol.
Winner69.I am missing you already.
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23-02-2015, 11:05 AM
#4508
Last edited by Beagle; 23-02-2015 at 11:08 AM.
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23-02-2015, 01:51 PM
#4509
Very good result, happy with that! Well done Heartland Bank.
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23-02-2015, 02:04 PM
#4510
Originally Posted by Baa_Baa
Very good result, happy with that! Well done Heartland Bank.
I am happy with the result -and I would probably add to my holding in HNZ rather than make a Harmoney investment. However it looks like "the market" is somewhat underwhelmed.
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