My bad. I did indeed.
Also, by summary stats I meant the matrix containing the bid/ask/PE ratio etc. It looks like the summary stats output in excel so I've taken to calling it that. It completely escaped me that no one else does :p
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Back to 100 again
Only 6 weeks to the Annual Shareholders Meeting
Upgraded guidance then .... and the standing ovation from happy shareholders
Doubt we will get to hear much beforehand, but then again good announcements just before an ASM are quite common
Shareprice well over 110 by then?
You should come along and help quaff some of their fine refreshments :D
Well well a close at 101. Not surprising really
A pretty solid day as well. The price didn't fall once.
Is this essentially a new HIGH then, allowing for the recent dividend?
Makes a mockery of the broker targets eh, must be some new reports coming out now. Methinks they haven't done their sums right.
When will they publish the book with the pretty pictures Percy? Might even mention diversity.
Yes this has been quite a remarkable increase in the last couple of weeks. All during which no real new financial information has come to hand.
The purchase of Sentinel and HarMoney got a lot of media coverage and Heartland has noticeably increased advertising on both radio and TV since then as well as Jeff giving interviews suggesting further acquisitions are being considered. I think this has really put Heartland on the radar screens of investors, a place they had limited exposure to before. So the market has finally woken up to what great value HNZ was and still is :t_up:
Roger I would have loved to come to the AGM with you but am traveling overseas tomorrow. Want to be offshore just in case the election goes the wrong way :scared:
I trust you to keep our Percy in check at the meeting and suggest you use some of your HNZ, AIR & GMT divies to buy him (and others) a beer. I would hate to see Percy pushed into having to take a HER loan (house gone) to buy you young fellas a beer and possibly even contact HarMoney (HNZ shares gone) to keep it going into the wee hours of the morning :)
Look forward to your "steady as she goes report" !!
Hey Iceman,
Mate sadly I think the moths will have to stay in my wallet as rumour has it HNZ are good for their own quality refreshments, especially at annual meetings on a Friday afternoon :)
I'm glad I had a good look at the relative PE's of those Aussie banks including regional ones and whilst acknowledging they're all bigger sometimes smaller and growing fast can be a good thing.
In terms of value I remain with a view a PE of 12 is good value and appropriate which based on the mid point of the forecasted profit range gives fair value as $1.12 (12 x 9.3 eps), so there's still room for 10% price appreciation over the next year as well as circa 10% gross in divvy's (20% gross return). Then there's always the possibility of acquisition's being EPS accretive or the Harmony one already done adding to previously forecasted EPS so the risk is definitely to the upside with my intrinsic valuation. Got to do something constructive with all those divvy's and a National win just around the corner. Maybe that reinvestment plan you suggested isn't such a bad idea after all :)
Still going up .... good one
Aussie banks took a thrashing today ....hope the gloom and doom stays over there
Still planning on 130 at least this time next year
Yeap overall its good to see a good stable political platform that should provide a positive environment for corporate growth.
I'm a little underwhelmed by the market's reaction today but given the Nat's were short priced favourites the market by close seems to have taken the near certainty of the election result in its stride and its a marathon not a sprint.
There's good opportunities for people to put cash to work and this is definitely one of best of them, one of the few companies on the NZX with sound growth prospects a great dividend yield and trading on a very reasonable price earnings ratio. We are well positioned :)
Closed tonight at $1.04 [ex 3.5cents div last week].
I am very pleasantly surprised,as I thought the share price may have got ahead of itself.
Maybe the modest PE and increasing fully imputed divie are attracting more investors?
Do you think we can look forward to a new round of broker targets?
If the broker / analysts are doing a quarter decent job there will be a new round of targets
The analysts have been wimps to date
They sometime forget that their role (along with insto shareholders) is to set HNZ a target which will stretch them a bit. Analysts et all have been too soft on HNZ to date - they need to get a bit more demanding to make sure HNZ deliver what they are capable off.
Shouldn't worry HNZ - they have plenty of petrol in the tank. The guidance of $42-$45m is just a start, hell they made that number up zonks ago didn't they
The believers and devoted followers already know this good stuff but it will give you the warm fuzzies anyway
http://www.kpmg.com/NZ/en/IssuesAndI...-June-2014.pdf
Main point is look at some June Qtr ratios v the trend (esp MIM and expenses) and ask yourself how the heck can HNZ come up with a $42m guidance number for FY15. They must think we are stupid and the broker analyst have fallen for it as well.
Practice your standing ovation at the ASM Roger - it needs to be a rousing one
Thanks for the link Winner69.
I look forward to finding time to read the article properly later today.On a quick skim through I am very pleasantly surprised at how quickly Heartland have achieved such good ratios amongst their peers.The interest rate margin stood out.
Future projections are "interesting" and I look forward to Heartland's update at the agm,and brokers updates,?!
However what makes me really confident, is the fact Heartland is proving what a fine ,well managed,well funded business it is.Future growth,with growing dividends has been assured by the very sound solid foundations Heartland put in place.
Yes indeed
Reading between the lines of HNZ presentations and reports and public statements those June quarter numbers just show that currently there is real earnings momentum embedded in HNZ. That momentum is not reflected in a guidance figure of $42m
Broker / Analysts need to do a better job in keeping HNZ honest. I posted something along those lines last might but it was suggested / advised by someone to delete the post so I did. Strange world we live in.