Yes the price trend looks like an uptick in recent weeks. The anticipation of a good half year announcement on 25 February may be helping. A breakthrough of the psychological 90c barrier may help too.
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Yes the price trend looks like an uptick in recent weeks. The anticipation of a good half year announcement on 25 February may be helping. A breakthrough of the psychological 90c barrier may help too.
Percy, it seems you have got your hand on depth info. Have you added an on-line broker?
I'm interested in your decision to add HNZ at this point. You could have got a cheaper price many times in the last 6 months. There is no new info in the market. Was it macro? Did you use market depth to time your trade?
I had a big sell up of shares in November and have the money earning under 4% in an online call a/c.I did not sell any HNZ as I thought the forward PE of under 10 and the dividend yield would support the share price.For the last 6 months I have kept an eye on depth using my friend's online a/c with DB.Some times there was nearly 1mil shares for sale and only 100,000 wanted.
I thought the support was at about 84 cents.No,I don't know whether I would have sold or not?!Well it looked to me as though the sellers on HNZ had gone on holiday,or given up.A great deal more buyers wanting more shares. I am expecting a good half year result in a couple of weeks time, and continuation of the dividends,so finally I brought yesterday..Maybe we will hear sometime of an acquisition?.
I knew I had my Kiwi Saver payout coming.So rather than put that money on call I felt it would earn a lot more with HNZ.
I had thought of adding to one of my Aussie shares,but at the end of the day I do rather enjoy Heartland's fully imputed dividends.
Wow you must excited percy, cannot contain your excitement:)
The resistance at 87/88 cents will most probably become the support level.
Taking so long to come out of the oblong pattern,makes me think the direction upwards will be strong.
New highs I see as very positive,as well as being most enjoyable for us shareholders.
Remember 88 was the "price" everyone paid for these shares at the re-organisation, so that overhang of stale PGC holders was always going to take a long period of time to be worked through (by those heathen non-believers percy) :)
So now you are seeing clear air, and the next announcement is being priced in in the lead-up to the release date.
Well done percy et al for holding, accumulating.
Still not my cup of tea, I'd like to see some growth, but I am a depositor, so hoping they are lending that out into safe hands!
Thanks for your comments,as always well thought out.
Yes clear air now.Time is the friend of a good business ,and the enemy of a poor business.
Heartland are looking to play a part in the growth of the productive sector of NZ.
Growth from 30//2114 will come from organic growth,but real growth will depend on an acquisition.