I find their internet banking is horrible to deal with! It is much easier to use a real person via Heartland's phone banking.
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Dairy prices have risen to a record high at this morning's Global Dairy Trade auction, with the GDT price index gaining 5.1 per cent since the last auction.
https://www.nzherald.co.nz/business/...SOZCZBVJSHHYM/
Not sure what the fuss is with their online banking system. Its seems to work okay for me.
It had been some months since I logged on to internet banking (as I found it dreadful.) I had been using the iOS app, which is very good, and phone banking. I logged on to internet banking today, and it has been upgraded since my last visit. It is now very much smoother and more intuitive to find what I want.
Previously each click opened up a new window and the message centre always produced an error for me.
Old Heartland getting smashed this morning off small volumes - down 4.5% to $2.10 and sellers at $2.09. Interesting the SP has now moved to slightly below the spot valuation from the brokers. Implies healthy net yields of +6% from here. But if the oil embargo happens that's probably going to reset spending and borrowing patterns and the consensus will no longer remain a valid baseline. Just think though - at 6% net yield - you are just keeping up with inflation even pre ukraine war - wild times.
Normalised EPS FY22 FY23 FY24 Jarden 0.159 0.168 0.183 Craigs 0.161 0.169 0.176 Macquarie 0.162 0.166 0.180 Forbar 0.154 0.161 0.158 Average 0.159 0.166 0.174 Spot PE @ $2.10 13.21x 12.65x 12.05x DPS FY22 FY23 FY24 Jarden 0.13 0.135 0.14 Craigs 0.13 0.1365 0.141 Macquarie 0.135 0.145 0.155 Forbar 0.12 0.125 0.13 Average 0.129 0.135 0.142 Spot yield @ $2.10 6.1% 6.4% 6.7% Valuation Spot TP Jarden 2.33 2.46 Craigs 2.17 2.27 Macquarie 2.24 2.33 Forbar 1.78 1.84 Average 2.13 2.23
Feeling like deja vu. A while back bought into H around 1.50ish and it soon got pulled back to 1.20 ish (I think that’s when Beagle backed up the truck). Sold at 1.90 to do some Reno’s. So now a possible re-entry point :)