An excellent result from UDC.
Yes, it augurs well for HNZ.
We are "well positioned.!"
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Thanks for posting the link.
I have great respect for UDC.A fine,very well run company.
HNZ offcourse operate very much in the same field.
In some ways I think we all may have under estimated the ongoing growth rate for HNZ.
UDC's 24% is spectacular.HNZ's projected growth to 30/06/2014 is spectacular.As Sparky has pointed out there is a very ready need for both companies.
So our 15% to 20% growth figures may be well wide of the mark?
Stuff's Chalkie article this morning "Risk reduction puts banks' loans all at sea" makes for interesting reading.
Heartland has no "overseas" borrowings,so offcourse is not affected.
It will/could be a major cost for the Australian banks.
I see directors Gary Richard Leach has been selling down his Heartland shares. The 1st July declaration to the NZX indicates 9599 shares sold so far. The FY2012 annual report (p60) leads me believe that 19,137 shares are left to go. It is certainly not a good sign to see a senior insider selling out. Perhaps Gary has judged 82c as near the peak of the Heartland wave?
SNOOPY
Generally, directors selling their own shares have two reasons: 1. poor directors; 2. no confidence in their company.
Snoopy moved from PGW to HNZ is not a good sign to HNZ, luckly i already sold half of my HNZ holding;)