Just position yourself between The Bar and The Kitchen !!!!
Known as "the handy position," or sometimes "pole position".!!
Printable View
Best bit is either taking a "full plate" of tucker off the waitress/waiter on either the start or finish of their circuit.
Offer to hold the platter of tucker while friends journey to the bar for you.!!
No need to go looking for directors,they will come to you.They love to appear to be listening/talking to shareholders.!
Get Forest to ask Jeff a question,that will guarantee Jeff will come looking for Forest, so he is seen to be talking to a questioner.!! Politically correct! Don't for any reason talk diversity policy!!!!
Just hold position until nature finally calls.!
What are people's thought's on the consumer finance division of GE Capital?
http://www.interest.co.nz/business/7...nce-operations
The interest article states that the NZ consumer finance is 60% of GE Capital.
According to GE Finance and Insurance Limited's statements
http://www.business.govt.nz/companie...E19A432BB7AB57
gross interest revenue in FY2013 was $477m so 60% = $286m.
This makes GE Money just a bit bigger than HNZ's FY14 revenue of $210m. Too big for HNZ?
So if I go and wear a bright yellow shirt and ask a question Jeff will seek out that bright yellow shirt and come and talk to me ......cool (unless that question is about the number of middle aged white male directors)
And Percy get with it mate - waitress/waiter is called waitron these days. And a real waiter or waitress gets really peeved by be calling a waitron.
Great business.
Don't know how HNZ could do it though.
Hi Percy,
I obviously do respect your optimism and agree as well, that HNZ overall looks like a well run operation (within reason - was not that convinced by their to be blunt quite boring and dusty AA members action some months ago, but who knows, maybe there have been clients they managed to catch).
Just looking at data points to value the company ... the 12 month target in Financial Times is between 96 and 97 cents - i.e. even expecting a slight fall back compared to the current price. If we look at growth potential - yes, the HER loans might take off (I wish it for the share holders, but not sure, whether I would want one for myself or for my parents) and 10% of a new peer to peer lending platform of which we don't really know how it will perform is not the world either.
Obviously - the current PE looks better than that of the big banks, but then - the overall business model looks still closer to finance company (like e.g. DPC used to be) than a big bank, i.e. you expect some sort of risk premium to keep share holders interested.
How do you get to your $1.30 in 9 months?
Bold claims need more than economy of evidence.
My own valuation of $1.25 is made up looking at eps of 10cents,nett dividend of 7 cents.PE 12.5.dividend yield 5.6% net.That is based on 463,266,592 shares on issue.
I expect Heartland to improve their credit rating,and to be rerated by broking houses,who will see they are "putting runs on the board" and achieving what they say they will do,so I see further eps growth.They stated eps for the last quarter were 9.7 and with their stated policy for eps growth, 10cps may be realistic.
Banks have the capacity to pay increasing dividends,so HNZ's fully imputed dividend will be an attraction to investors.
HNZ does not have the over exposure to housing the Australian banks have.They also have no exposure to European wholesale funding issues.
Overseas people look at PEG ratio.This is the PE divided by growth.No allowance is made for dividend,In NZ some companies pay very high dividends,so we should factor them in.PEGD.
So my thinking on HNZ.PE 12.5 growth 10% and 7cents dividend.
therefore 12.5 divided by 17 [growth 10 plus dividend 7] gives us .73 This is well under one,so l think my $1.25 is fair value.
These figures have made no allowance for any further acquisitions by Heartland.
Putting my Friday afternoon happy angle on things I get to $1.20...sorry I can't see more than 10 cps EPS or a PE of more than 12. As previously posted I was realistically at $1.10 in 12 months but the recent new online investment and the company looking for more opportunities that could be EPS accretive, who knows, maybe $1.30 is attainable plus circa 7 cps fully imputed divvy's, (gross value 9.72 cps), total gross possible return 40%):t_up:
Analyst/brokers targets - you don't much faith in them do you mr noodles?
One or two might increase their targets soon because a bit of an embarrassment having BUY and HOLD recos when price is higher than target
And then after the standing ovation at the ASM they will realise they have got it wrong.
Analyst/broker targets are usually bullish by 15% to 20% - meaning they really think HNZ only worth low 80s. Get real eh
Those three analysts have no idea about HNZ and their targets show. (maybe they believe the muted guidance/messages from HNZ management who obviously don't want the market to set too high expectations for them)
You buying up big here noodles. Still time to get in.
Noodles - I see 1 of those 3 brokers has DOWNGRADED Heartland from Buy to Hold over the last month or so.
He got his finger on the pulse eh
All my purchases were in the 80's. I'm not buying at these levels as nothing has changed since the mid 90's really.
I'm still a little surprised that the recent 10% stake in harmoney has given such a boost in the share price. I remember that before the HER aquisition, there was a bit of a runup. Maybe something else is on the cards. GE finance perhaps? Cap raising at 95c?
I think the timing is about right with that small stake announcement,still cum dividend,and the fact that it is a growth story on the lookout for a good aquisition,reasonably priced,making a good profit.
Dorchester is probably the only other growth story growing by aquisition,so is exciting stuff really.