Sorry about that.Just got over excited that Snoopy had confirmed the break out.
Post 2082,offcourse.
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Tim Hunter runs the ruler over HNZ in today's Sunday Star Times.Nothing new;""you've got to look at the credibility of management.They've set some fairly challenging targets over the years, the recapitalisation,the acquisition of PGW Finance,the merger of building societies,attainment of bank registration......these are all stretch targets they've attained."
Forbar and First NZ Capital have 90cent target price,while Craigs have 82cents target.
Craigs are concerned at lack of lending growth.As Sparky [and me] have pointed out,it is margin growth that is important.HNZ are achieving this.
Percy ...... Tim says you not a Flash Harry
Keep buying those postie jumpers ... Not that I can imagine you being an Amani guy
In the aecond to last paragraph, why did he use net yield when for the two other banks he used gross yield. A 9% yield is good and slightly higher than the other banks to reflect the higher risk.
Disc: hold and considering buying more. Now it is closer to NTA, the value play has reduced and it is becoming a growth stock with a good dividend.
[QUOTE=CJ;416698]In the aecond to last paragraph, why did he use net yield when for the two other banks he used gross yield. A 9% yield is good and slightly higher than the other banks to reflect the higher risk.
I don't know which is the correct way to describe the article,sloppy or lazy reporting.
Huge difference between gross yield and net yield.
The whole article becomes rather pointless.