Thats what happens when so many punters switch from one (seen as a struggler) to the other (the hot favourite)
Lost count of how many have said theyve done this
But jeez ...be big moves for both if percy decided to play that game eh
Printable View
A few days later and its the end of the month so time for a moments reflection.
Sold all holdings in HBL for $1.75 due to losses already incurred. Market closed today at $1.70
Put all sales proceeds into TRA at $3.10. Market closed today at $3.20
So happy that TRA have now recouped approx. 50% of my HBL losses. I start the July month in a good position.
Been playing unsuccessful funny games on my own all week,until 4.50 pm this afternoon.
Brought the GNE and MEL I thought had got away from me, at the 5pm washup.
HBL weakness is due to research out today.
Basically Aussie bank issues,means the bank multiples have been lowered,yet HBL's eps and divies are projected to grow.
"On a comparative basis for the next few years,HBL is likely to grow its earnings at a faster rate than its Australian peers and improve its ROE."
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Thank goodness for the healthy fully imputed dividend yield of about 7.8% then ! which should grow a bit each year (based on estimated dividends on 9.5 cps fully imputed in FY19). Trades cum approx 5.5 cps fully imputed final divvy so about fairly priced in my opinion.
..2017... ...2018... ...2019... ..20 20.
DPS... ...9 cents......9.5 cents... ...10 cents.....10.5 cents.
So HBL have the capacity to keep paying increasing fully imputated divies.
I can't ask for more .
I had a cheeky order in for a few more ( actually doubles my holding) for a while and was surprised to see it was filled right at the end of the day.. and for a cent less too!
Roll on those divies, got to be better than the paltry 2.75% the Heartland call account is paying..
Calls for a red wine...and time to watch the almighty warriors!!
I have been waiting and tempted but the chart looks freeking ugly and I remember being told "dont buy in a downtrend" so I am still waiting ;)