Rocking? I see just two trades with 95 cents and than back to 94. What numbers are you looking at?
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ROE 14%-20% eh
Hypothetical question: What would you say if someone offered you an investment with a promised real return of close to say 17% over many years?. You mighty say: “How much can I buy?” or like most sensible people: “What is the catch?”
Think about it
Always a lot of fun looking for the next EBO,MFT or RYM.
Even more fun holding onto that share,when you have found it.
As early investors in EBO,MFT and RYM will tell you, you have to be patient.
Yet those three companies have all been very open about where they want to go, and how they are going to get there.
Sound familiar????
So Heartland "assessing possible capital management options to improve ROE,"
interesting
wonder what they have in mind?
Percy, you know why (the rationale) they hell bent on making excessive returns on equity?
Save me contacting Jeff. He can't not respond now I am a shareholder
You need your long memory cells working here Winner69.
When everyone was going on about cash issues,rights issues,lack of capital,etc,I posted that HNZ talked about returning excess capital if they did not require it.!!!!!
Sound familiar?????
They have proved they can raise capital in a big hurry,so why have excess doing nothing?
Agreed.Yes,however they have been recycling money from low margin lending into more profitable "niche " areas.
All the time they are also wanting to improve their credit rating,and are mindful of equity and other ratios The Reserve Bank require them to keep in order.
As for greater "risks" I think their record of "provisions","overdues" etc is most acceptable.
Getting to 10% was a target set. At the time it was an aggressive target,.I think the easy fruit has been picked,ie going from 2% ROE to 9%,yet today's announcement Jeff Greenslade did say;"We will continue our product centric strategy focussing on higher yielding products where a leading market position can be achieved.".
Sorry it's not quite so high. "New Zealand’s major banks average annualised return on equity has increased from 13.8% in 1H13 to 14.8% in 2H13." From PWC Feb 2014 Banking Perspectives - PDF link.
About time Heartland did something to cheese me off.!!!
They did it today announcing their AGM will be in Auckland at 4pm on 31st October.
All very well,but my other big holding is in EBO, whose AGM is at 11am on the same day in Christchurch.
Bugger!!
Right I expect the full Auckland team Forest, Roger, Noodles and other to file full and complete reports.!!
Maybe Balance could find time to attend too.?
Jet star fight arrives in Auckland too late.!
If you change your mind mate and want to fly up for the meeting I'm more than happy to help with Airport transfers.
Well I started to try and work it so I could attend both meetings.
Luckily I rang the company secretary at EBO to confirm time and place,and he told me EBO agm is now 2pm at Chateau on The Park,so I will miss HNZ's.
Thanks for your kinf offer Roger,and thanks Winner69 advising me of the 1.25pm flight.
LOL Me too but keep it quiet :) I know we can rely on Snoopy to have a good sniff around for any anomalies in the accounts but I'll run the ruler over them too and bring my corporate B.S. meter along to the AGM to see if I get a signal from any possible corporate "spin".