Who needs to speculate in crypto-currencies when you have Heartland shares?
Best Wishes
Paper Tiger
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Who needs to speculate in crypto-currencies when you have Heartland shares?
Best Wishes
Paper Tiger
https://www.youtube.com/watch?v=hnzHtm1jhL4
Best Wishes
Paper Tiger
Just had an email from a local Christchurch investor identity.
"Two -thirds there.""!!
He was just reminding me, that sometime ago, I promised I would shout him and his wife out for diner, when HBL reached $3.00.!
Think I am looking forward to it as much as they are.!
Wonder when that will be. I got in a very small parcel yesterday, first HBL purchase, lets see now it goes;)
Have just started on my exit strategy so quite pleased with pricing. Although it pains me to sell these, I will need the money soon. If only some of my dogs would revive a bit I could ditch them and hang on to hbl.
Is the dog more likely to to recover than your "star" is likely to keep flying?
While you are right - it is hard to cut losses, it is normally much wiser than cutting your future gains!
KW had some saying about buying in downtrends and the same thing applies (within reason) about selling in uptrends ...
Obviously - DYOR - someones dog might be someone else's hero ;);
I appreciate all the sage advice from everyone. You will no doubt be pleased to know I am taking up my rights at least. :) Now all I need to do is transfer the sales of HBL so far, (only sold half my shareholding) from my non interest bearing account into my heartland bank account and learn to sit on my hands and not invest any money anywhere else no matter how good it seems. (the sitting on hands may not be as simple as it sounds)
Man, I missed it hitting $2, thought I better sign up for the rights issue today!
If HBL's banking services are as efficient as the way they handle direct debits then things can only be positive. It must have been pretty much as soon as my form arrived on a desk the money came out of my account.
Seeing Heartland leading the way on the diversity front they should lead the way in NZ with real employee engagement as well.
In Britain there shortly will be ‘comply or explain’ rules in the UK Corporate Governance Code, that we see listed companies introduce ‘a designated non-executive director’ responsible for employee engagement or a director from the workforce.
Evidence shows employee engagement increases if they have a say in the way the company is run which leads to much improved company performance.
Great initiative - heartland could lead way with this in NZ
Thank goodness Heartland do not operate in Britian.
I think you should remember Heartland only have a staff of 360. .
All you ideas would most probably mean they would have to take on another 360 .
Time for you to clear you head taking a walk, to water the Rata you planted.I know I am doing well,but did the other one survive?
Rata doing fine ...other one doing fine as well as exclusion is not part of winners care policy
Is any CEO worth more than 65 times what some employees get paid?
Yes, plenty of room for improvement in New Zealand with employee engagement and getting Boards/top management to listen to employees as these two examples show. It would lead to improved business performance. Enough of the arrogant, we know best attitude from Boards/management.
https://www.stuff.co.nz/national/hea...hief-executive
Waikato DHB chief executive quits. Murray's resignation was announced at a closed-door board meeting early on Thursday and follows a two-and-a-half-month investigation into allegations of unauthorised spending.
https://thespinoff.co.nz/politics/21...anne-harrison/
Crucially, the MOT documents show that Joanne Harrison was not some sophisticated operator capable of bewitching and beguiling honest and astute civil servants. She was a brassy and clumsy fraudster who got spotted really early – three years before any action was taken at the top. She was spotted early by people who then subsequently suffered at the hands of Harrison.
An engaged employee delivers what the employer has hired him/her to do. In return they get paid. A fair days pay for a fair days work. Simple as that really.
Employee engagement an excellent job creation programme for people devising questionnaires, running surveys, analysing results and making recommendations until the next round of survey which will be tweaked and a new set of results delivered.
The best investment HBL can make in Employee engagement is saying "thankyou" to their staff from time to time.
(and a Little off topic - if you look at eh Health Board and government department you will find they are swimming in "Diversity" "Equality" "Te Reo" "Staff Engagement" policies and look where that got them - people hired on wrong assumptions))
Moka and W69.
It is your fault.
You set off Minimoke !!!....lol.
And I cant let this go by. Time is the employers - to be filled with the employee putting their skills to good use. Skills and knowledge are essentially a commodity. Those who hold them get to sell them to a willing employer. As Percy has pointed out 107 of these get more than $100k. So not a bad "return on investment" for those with the skills.
Heres what one employee said back in 2015 "Fun work place with supportive colleagues and management. Not rushed to provide results, rather encouraged to be accurate and efficient. Awesome culture and team. Pros Laid-back yet hardworking atmosphere, celebratory morning teas"
Celebratory morning teas!!!
Jeff's management meeting
Proud that Heartland are committed to improving gender diversity
https://i.stuff.co.nz/business/99520...c-boost-report
Will make them even a greater company
Excellent: "The report also found only 40 per cent of businesses had a gender policy in place, with just 26 per cent of them measure performance or progress." Shouldn't be wasting there time.
I hope HBL have a "Employ the best person for the job" policy before they have a "diversity policy. Oh well - I guess its jobs for policy wonks - I bet they are women.
Edit: I would add Deloittes are responsible for their "Top Emerging Companies" report - in which they list PEB. That's gives you an indication of their analytical abilities
Still need to do away with this self-replicating masculine Anglo-Saxon management style that has outlived its usefullness in today’s highly complex, global and multi-cultural business world
Gender bias remains a problem, to the detriment of company performance
I would hazard a guess that Heartland with 3 out of 12 of its senior management team as females (including the notional head of people) has a fair degree of gender bias when appointing new managers ....and probably many talented women (best person for job) being overlooked (many studies show this as prevalent in most organisations)
Good on Heartland for trying hard .....will lead to higher dividends
That is bordering on a defamatory statement.
What "Diversity" policies forget to recognise is that it is actually illegal to discriminate, in employment, against a person based on the sex.
I hope you aren't suggesting HBL is breaching the Human Rights Act. HBL is after all working in a highly regulated and compliance required industry.
Absolutely - but if they are required not to discriminate, why are they doing it?
Nothing defamatory about winners statement. Just plain common sense. Look at it from a different perspective - given that women are (in average) as capable as men ... how is it even possible that the overwhelming majority of all business leaders are male, which means that most businesses exclude half of the talent pool from running their business?
The only sensible explanation is that (many) males are discriminating against women when making recruitment decisions - and with that they go for the second best male (left) instead of hiring the best person to do the job.
I do agree with winner - not just HBL could be a better organisation if they would hire the best people to do the job instead of turning to one group of the population a blind eye. Let's hope they go for it!
just moving away from all the diversity talk for a sec. I think Heartlands internet banking is truly awful. I only perservere for the better interest rates and because I am a shareholder. What do others think? I guess the problem is I am comparing to ANZ which has a pretty good internet banking platform that is super easy to get around and use (and they have plenty of money to make it good). I even find Rabobank easier than HBL and they arent that great either.
That is not a "given". We really ought to take this of topic.
But....
All bankers are born equal. But through life things start to get streamed.
What you need to be asking is: If there is a senior manager vacancy in HBL what is the gender makeup of the job applicants. If it is 90% male 10% female odds are a male will get the job. Hopefully not because hopefully the best person gets it.
So while males and females are born with equal capability it might be that though their life progressions their capability is not the same the higher up the food change you go. And I don't mean so much "capability" (That is the the potential to achieve) but more the "ability" (that is a person has achieved).
And if you want to play a numbers game the Maori will never get a senior management job because Maori only make up 15% of the population. Leaving 85% of non-maori more likely to get a job.
Same with language. If you are going to put Maori into you Annual report why arent you looking at diversity and putting an Asian language in there.
Non of this should matter as it distracts from the job of being excellent bankers!
Agreed. Here we go:
https://www.sharetrader.co.nz/showth...l=1#post695048
Because New Zealand does not have an indigenous Asian language? I never understand why people are so anti Te reo Maori.
Otherwise agreed, you need to consider the number of applications from various groups before claiming they are being discriminated against by HBL.
SP now 20% higher than the price of the Rights. That's diversity I like a lot
Submitted my form and applied for more than double my entitlement. Gut feel is that oversubscription price will not be more than 176 :t_up:
Here is OUR TEAM as it stands today - the team that runs Heartland
All this recent talk by the Chairman and the CEO about the need for gender and ethnicity diversity .....hmmm ....looks like things need to change
Heartland do what they say they will do .... be interesting to see what OUR TEAM looks like sometime in the future.
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So, as I understand it, institutional investors give Heartland an indication of how many they would take at a certain price per share. Heartland looks at these offers and decides the price (which can be anything from 1.70 to the closing price day before the bookbuild). Then the allocations are [scaled and] distributed to everyone who applied. So, I'm confused about the price. Less demand will mean lower price?
Applied for my rights yesterday, great buying at $1.70...not so sure about >$2.
Me too pretty effortless online applied mon funds removed tues.
Agree. Tried to open an account this am, had to email them back about something I was unsure of, and got back what I considered a rude condescending reply. I'd prefer to support Heartland considering husband is a shareholder, but maybe I'll stick to Rabobank despite their annoying digipass.
Opening a new account with any bank is a nightmare these days - unless you are already an account holder. I finally got around to establishing a personal call account with Heartland (their measly 2.75% is much better than any other bank) and as we already have business banking with them the process was smooth, easy and fast.
I guess their staff get just as frustrated as their customers with the drama involved - though that's no excuse for a rude response.
Their web site has improved a bit over recent months but it's still nowhere near as intuitive and easy to navigate as the ANZ (though I have many years of familiarity with that going back to the good old National Bank days).
I've heard opening a bank account in Panama is easy as ;)
I'm just glad we aren't talking about diversity - all I care about is how diverse the countries are I'm travelling to when I retire...
Applied for 60x my entitlement (though my entitlement was not yuge)... Bit of a gamble, we'll see how it goes.
Blocky applied for $50k worth of extras, its a gamble of course but as I said earlier, worst thing that could happen is you own a few more shares in a fairly good company
Looking at the uptake they could have done a 1:1
Another cap raising almost done and dusted. Put the begging bowl out and got another $60m odd to grow the business.
Since giving guidance of npat of $65m to $68m for F18 they have raised about $210m of extra funds but guidance has remained unchanged ...whose kidding who or are the new funds sitting idle
I reckon they'll be getting some serious traction on both sides of the Tasman with their reverse home equity loans. I love those loans with their high margins and very, very low risk...FAR FAR safer than lending money through Harmoney unsecured and no deposit
Agree. Looks like the perfect storm for reverse mortgages is coming/here with all these asset rich(house), income middling older folks.
Applied for my allocation and no more. Just not enough in it for me risk/ reward wise .
Diversions eh ...love them
With the Westpac CEO taking a role as a “social justice warrior” a lot more is being said about social justice issues. I’m told that the relationship between Westpac and Heartland goes beyond their transaction processing tie up - and that they talk together about various worldly things including ‘social justice’ issues.
So maybe Westpac leading the gender diversity crusade and Heartland leading the ethnic diversity crusade (in the financial sector at least)
Heartland will do well in these things ...Jeff as a ‘social justice warrior’ and ably assisted by Directors Vanessa and Ellie who are pretty high profile and active in pushing for more roles for women in senior management.
Go Heartland - better performance will accrue - share price will get to 3 bucks quicker.
wont comment on the Chairman - he’s too old and set in his ways to change his views on these sort of issues
With the 1:15 rights offering closed on Friday, when do we get issued our new shares?
Will be transferred into your wallet one day soon .....maybe by lunch time
Should be faster than that other outfit that was going to fill your wallet
Whatever ...keep it safe .....and don’t forget these shares are only a recorded transaction on a big file somewhere.
When do you expect to hear about shortfall, price etc?
Closing Date (last day for receipt of thecompleted Entitlement and AcceptanceForm with payment)8 December 2017
Shortfall Bookbuild occurs 12 December 2017
Allotment of New Shares under the Offer 14 December 2017
Expected date for quotation of New Sharesissued under the Offer14 December 2017
Payment of any Premium achieved inthe Shortfall Bookbuild to holders of anyRights not exercisedBy 21 December 2017
Mailing of holding statements By 21 December 2017
Thanks mate...
No problem - they must be busy to turn this all around so quick
Hard for me to fathom why HBL is up to $2.07 a day before bookbuild (remembering the price the day before the bookbuild is upper limit) the cynic in me says manipulation....but that wouldn't happen on the NZX would it ?
Theres another reason for reading the offer documents more closely. I didn't realise if I didn't take my options up I'd get paid a premium for my unused options after book build. Might explain sudden spike in price today
I am guessing a bookbuild price around $1.80. I don't think the big boys will buy close to $2 but then again I don't know anything. Maybe I came up with $1.80 more out of hope?
Same here minimoke. I had not noticed that. A nice little Christmas present for those that didn´t or couldn´t participate.
"Any premium above the issue price that is achieved in the Shortfall Bookbuild
will be shared between those shareholders who did not, or were unable to,
take up their rights, in proportion to the number of rights not taken up. Any
premium will be paid to those shareholders by 21 December 2017. "
I commend HBL for how they have handled this rights issue and have treated us shareholders very fairly with 82% of rights available taken up. I also commend the Shareholder´s Association for their part in achieving this. A great result for all.
[QUOTE=iceman;695985
I commend HBL for how they have handled this rights issue and have treated us shareholders very fairly with 82% of rights available taken up. I also commend the Shareholder´s Association for their part in achieving this. A great result for all.[/QUOTE]
They are a good example to other companies in my opinion..
This is why HBL have so many long term holders such as yourself and Percy singing the praises with such fervour..
Disc. Long time very happy holder..