Never trust frosty crook....
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Never trust frosty crook....
This isn't helping either - from this article below (paywalled) "The decline rate for Heartland Bank's vehicle lending has tripled since the Government tightened consumer credit laws, its chief executive Chris Flood says.And the company is having to use four times as many employees to process its loans with approval times for a standard car loan increasing from 20 minutes to two hours."
https://www.nzherald.co.nz/business/...R7HJTBWWAUDF4/
Chris Flood has a lot to say - hates spending more to do less
Bank boss: Decline rate for motor vehicle loans has increased three-fold after credit law change
https://www.nzherald.co.nz/business/...R7HJTBWWAUDF4/
Beagle won't agree with this but from Forbar ..... but then again it's Forbar after all
HGH has historically traded at an average -12% forward PE discount to its Australian banking peers, which we feel is appropriate given the considerable differences in scale, position in the market, competitive advantage and quality of assets. With HGH now trading at a material premium of +19% to these Australian banking peers, we reiterate our UNDERPERFORM rating.
Wouldn't expect the "dog" to agree but then we are all entitled to an opinion. People just like to shoot the so called experts as they are easy targets and everyone always remember being stitched by them.
Then they forget when they are wrong so it all ends up one way.
Its there to offer a balanced perspective from someone else"s eyes. Its not there to please so called Sharetrader experts.
Pity the Sharetrader experts show up the brokers' research departments so often.
Interesting to remember when HGH first was formed ,and was listed, Forbar was about the only broker whose forecasts were correct.I expect that analyst has moved onto greater things.
Although Forbar now have a less than 50% correct predictions with HGH,Jeff Greenslade, HGH's CEO's predictions remain at near 100%.
[QUOTE=percy;943645]Pity the Sharetrader experts show up the brokers' research departments so often.
Interesting to remember when HGH first was formed ,and was listed, Forbar was about the only broker whose forecasts were correct.I expect that analyst has moved onto greater things.
Although Forbar now have a less than 50% correct predictions with HGH,Jeff Greenslade, HGH's CEO's predictions remain at near 100%.[/QUOTE
Well put Percy and how true .
Forbar have been consistently downbeat on HGH in recent years and have been consistently wrong.
They never rung the bell at the bottom or even tried too.
I am not pretending for one minute I am always right but I put up one of the most emphatic posts on here I have ever made, (rung the bell in other words), in early November 2020 that at ~ $1.30 these were exceptionally good buying and it was time to back up the truck, which is exactly what I did. The outperformance since then has been extraordinary in what has been a flat market overall. All that time Forbar have been really downbeat on HGH and have remained so ever since. Counting dividends received I've nearly doubled my money in 16 months on that truckload so I need a trailer now as well :t_up:
My own work yesterday showed that on a forward FY22 basis HGH is trading in line with its peer group.
For the record:- I was with Forbar for about 10 years on full advisory service. I left more than a decade ago because I thought I could do a lot better with my own analysis than they could, a decision I have never for one minute regretted.
Their claim that HGH is now trading at a premium to its peer group must be predicated upon a very different peer group than I used.
I think their valuation is completely ridiculous. I am happy with my $2.60 price target for March 2023.
I think a famous line from the movie Wall street says it best, "Their analyst wouldn't know preferred stock from livestock".
I am with u on this one ...Jarden and many others are positive ...Your $ 2.60 by March 2023 ...maybe more will come after August results and new guidance ...as market trusts HGH guidance so it immediately updates SP accordingly . This normally happens after full year results .
Does HGH has any Russian connection ? why free fall for a stable bank ...maybe Mr B went out of this too ...:p
222 - 5.5 divie...seems like a steal.
Almost everything got bashed with the ugly stick today.