sharetrader
  1. #10271
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,737

    Default

    Quote Originally Posted by Beagle View Post
    Hey Winner, do you think your old GDT auction price and HBL SP correlation theory still holds any water ? Maybe $2.14 was the top...for a while...
    https://www.nbr.co.nz/article/dairy-...march-b-211376
    Not as strong as it was a while ago but then this what you would expect as the HBL share price behaviour is defying all sort of logic as it soars to record highs and outrageous valuations.

    Punters can’t understand why Bitcoins are worth so much - maybe same applies to Heartland,

    But we’ll live with that - esp if HBL goes to $2.50 over the holiday break.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #10272
    Guru
    Join Date
    Aug 2012
    Posts
    4,656

    Default

    Quote Originally Posted by RTM View Post
    There are lots of people retiring and selling their Auckland houses. They need somewhere to put their money and given interest rates are so pitiful, they will look to the stock market as an option for some or all of those funds. Even tho it seems expensive......their options aren't very attractive. So I see them continuing to underpin our sharemarket.
    That could be an influence - especially if they are moving into a retirement village and if the children or grandchildren already have their own homes. Otherwise buying a smaller but newer home won't leave an awful lot of change from big but old house. Also The Bank of Mom and Pop is often an even bigger part behind many people being able to afford a deposit for a first house these days.

  3. #10273
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    Quote Originally Posted by winner69 View Post
    Not as strong as it was a while ago but then this what you would expect as the HBL share price behaviour is defying all sort of logic as it soars to record highs and outrageous valuations.

    Punters can’t understand why Bitcoins are worth so much - maybe same applies to Heartland,

    But we’ll live with that - esp if HBL goes to $2.50 over the holiday break.
    You said it mate. Price does seem very fulsome on a trailing PE of 17...forward PE is probably as high as 16 given all the shares they've issued.
    Maybe Heartland are about to launch their own cryptocurrency and existing shareholders will get in at the ground floor on another rights issue
    HBL have had a great 12 months, up 41% from $1.47 a year ago plus dividends plus two lots of heavily discounted rights issues, sees most long term holders nab more than a 50% return overall...and all that on ~ 10% EPS growth...hmmm
    Last edited by Beagle; 20-12-2017 at 05:31 PM.
    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

  4. #10274
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,737

    Default

    UDC sale to HNA unlikely now
    http://nzx-prod-s7fsd7f98s.s3-websit...300/272218.pdf

    Wonder if Heartland is part of ANZ's 'strategic options'

    Where's Jeff today?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #10275
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Quote Originally Posted by winner69 View Post
    UDC sale to HNA unlikely now
    http://nzx-prod-s7fsd7f98s.s3-websit...300/272218.pdf

    Wonder if Heartland is part of ANZ's 'strategic options'

    Where's Jeff today?
    Thanks for the link W69.
    We continue to live in interesting times.

  6. #10276
    Dilettante
    Join Date
    Mar 2010
    Location
    Down & out
    Posts
    5,407

    Default

    No surprise there winner. And you and Beagle think the SP has reached unexplainable heights !!

  7. #10277
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    There would be grounds for optimism if ANZ were forced sellers but I think they will still want a fulsome price if they decide to continue with selling it at all.
    They flicked off some funds management thing the other day in Aussie for a couple of billion odd so I doubt they're too worried by this.
    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

  8. #10278
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Would some kind poster put the correct link to the David Hargreaves article on ANZ/UDC interest ,co,nz article.
    www.interest.co.nz/opinion/91502/david-hi
    Although my link comes up error if you click onto David Hargreaves photo in the top right corner, the article will come up.


    Funding.Would be a "game" changer for both,and intos would want on board.The sp would head north straight away [over $2.50], and a "huge" rights issue would be well supported.HBL would need to raise about 72 cents per share.ie approx. $400mil.
    HBL would most probably need ANZ's support for a year or so, to give them time to get bond depositors onboard.
    UDC bond depositors who left because of their worries about HNA, would most probably support HBL as a NZ bank owning UDC.
    Last edited by percy; 22-12-2017 at 08:03 AM.

  9. #10279
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,737

    Default

    Re percy post - link to interest.co.nz article re UDC

    https://www.interest.co.nz/opinion/9...al-institution
    Last edited by winner69; 22-12-2017 at 08:05 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #10280
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Quote Originally Posted by winner69 View Post
    Yet again, thanks W69.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •