Hope Jeff got some magic up his sleeve and deliver another surprise at ASM this arvo..
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Hope Jeff got some magic up his sleeve and deliver another surprise at ASM this arvo..
Extract from CEO's speech. All you really need to know so we can all go back to :sleep:Quote:
However, despite the lockdowns, we remain on track
to deliver a result within the guidance range of $93 - $96 million
I'll get stuck into the sausage rolls and wine now :D
• Sir Christopher Mace will continue in the new role of Kaumātua
Reassuring.
All looking good and as Beagle and winner69 have pointed out, we are in for $96m NPAT this year.
Good to see they have not yet touched the $ 9.6m "COVID overlay" and intend to keep it in place. A good decision.
Jeff talked about strong performance in "asset finance" so looking forward to good growth there from infrastructure, transport and agriculture.
Most importantly, the Chairman stated that dividends will continue to grow so all good. The Chairman has been great for HGH and us SH, but maybe time soon to hand over to the next generation !
A happy holder
A well run company with the management and board having plenty of skin in the game. A consistent performer.
Aussie bank reports so far seem to indicate net interest margins are increasing.
Good sign for Heartland this financial year
Global Dairy Prices up again last night
Should see Heartland share price push on to new all time highs …250 plus here we come
RBNZ in its update said The other banks must lift their minimum tier 1 capital to 14%.
…Westpac apparently already over that
How’s Heartland placed
Not sure mate, time for another one of your fantastic graphs to show how its grown over the last few years ?
From memory they have 7 years (as of about a year ago so something like 6 years now ?) to attain that and with their DRIP program they could get there under their own steam. I've been subscribing to the DRIP for years now.
I'm guessing banks like volatility as much as most businesses when it comes to price setting, after several years of consistently low int rates where there isnt really anywhere for margins to go, the recent sudden changes allow some promising obfuscation opportunities. The slightest unnoticed margin increase can result in a decent profit uplift so some positivity for HGH might come out of growing uncertainty.
I swear every time someone on here mentions the milk price, HGH starts to nose dive :scared:
Solid results in GDT auction overnight - WMP up 1.9% and continues steady rise
HGH share price a bit flat lately but it’ll follow the dairy prices up any day now.