Roger drank some of our potential future dividends. :(
Quote:
Originally Posted by
noodles
The message was that they are below par on ROE. Their goal is to increase it.
pg.23 says how
--New initiatives not included (but imminent)
– Acquisitions not included (still keen on MTF)
– Possibility of capital review is not included (read buyback)
OK What I took out of the AGM, is what noodles already mentioned but I will expand on it a little.
--New initiatives not included (but imminent) HNZ are working on new products but we have not included any of the possible profits in the 2015 profit FC
– Acquisitions not included But we are considering one or more at present.
I think return on E is likely to improve for a few years coming, its really were there must be potential as other banks are showing better return on E.
The other clear lesson was that Roger is likely to enjoy the AGM of Delegats Wines, but sorry Roger I like DGL dividends to much so I wont be the sober driver for their AGM. :)