Well its been well positioned for sometime now (just ask old mr P)
but check the graph , the shareprice is going nowhere .....................pays a good div though.
Printable View
Well with the market going down !!
Going nowhere has to be good :-)
Will admit to " Lightening " my holding in HNZ.. Purely for balance reasons..
To many eggs .. etc..
As you say .. " pays a good div though ".. And will pay better ones in the not to distant future IMHO..
Welcome aboard.No need to cross fingers,you are in wise strong safe hands.
The share price has risen 24.29% in the past year [since 7th December 2012].
The dividend yield is 7.14%.
Equity ratio and liquidity are excellent.
Earnings per share are expected to increase between 41% and 58% this year.
Heheh !.. Good advice Percy..
Even though as said I have reduced my holdings for BALANCE reasons..
Still holding more than the HNZ Guru !!.. ( I think )..
A good investment in troubled times....
Unable to afford the TV repayments.. .. The Furniture.. Aah !!.. More DIC Fines.. Must go and see Welfare !!
The Rural person will still keep paying for the tractor.. .. Even if he has to live on porridge..
Rather than doing it ..
I think you were right to re-balance your portfolio.[You still have twice as many as me!].In my recent sell down I sold 20% of our share portfolio.I did not sell any HNZ ,so HNZ now make up 18.2% of our portfolio.
As you point out The Rural person will keep paying for the tractor.As a great deal of HNZ lending is to "the productive" sector I see few bad debts there.At a presentation I went to they said they had fewer problems with motor vehicle finance than housing.
" Guy needs his car to get to work,no work,no income."
For us as investors we are buying a very good company,at near asset backing,with strong earnings growth,with good equity and liquidity.We are buying a company on one years future earnings [$34 to $37mil],paying a good dividend.Not what it may,or may not earn in five years time.
We are not buying an un profitable company,that may grow earnings,that may become profitable,that may require more funds from shareholders,that has only one source of income,and that has no prospects of paying a dividend in the foreseeable future.
Plus we have the safety of HNZ being accountable to The Reserve Bank.
All makes good sense to me.
As Buffett would say "when the tide goes out,we will see who is swimming without their trunks on."
Just a question for existing holders with a lot of faith in HNZ, at what price would you be willing to top up? I'm trying to figure out when is a good time to jump on board but don't know how to determine if the current price represents good/fair value. Thanks.
I am lucky and got in at arounf 0.70c, if gets to 0.80c or under i would buy more, tempted at Current price which is not to bad considering many value it at over a dollar. Just wish it would hurry up and break the $, then I would relax a bit about the ones I own.
True!!! lol.
Also true is the fact that HNZ share price has increased 81.25% over the last two years.
Where it goes over the next one or two years will be fun.Not sure whether I hope for 24.29% or 81.25% again!!!!!.Which ever, I will be enjoying increasing dividends [which will drive the share price trajectory].