In the real world the head of treasury at any bank with be altering deposit rates to match maturities,and credit demand,and where he sees future interest rates.
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Todays' last trade that set the low was at 2pm with two off market trades at a high price after that.
In the last 3 months (62 trading days):
Close = low (low<high): 27
Closes = high (low<high): 24
Close = low = high: 10
Low < close < high: 1
Best Wishes
Paper Tiger
So steady and so boring eh Tiger
Me a bit bored as well so looked at the last 60 days as well
Those 62 days price moved from 88 to 89, Lowest close 85 (once) and highest close 90 (4 times)
Average has been 88
Today at 89 one of the better days, majority of closes have been 87/88 as below
Frequency
$0.85..... 1
$0.86..... 9
$0.87..... 22
$0.88..... 15
$0.89..... 9
$0.90..... 4
$0.91..... 0
Watching HNZ shareprice is like watching paint dry .... so exciting
If anything a slight upward bias to the price .... but only slight
Best thing that could have happened is maybe you collected a dividend along the way .... yes
Sorry guys .... not very exciting .... at lest it ain't gone down
Might buy one seeing it so well positioned
slow and steady with a slight upward bias is all good
The past 60 days have seen the following results for bank share prices.
ANZ - 0.003%
CBA + 4.9%
NAB -6%
WBC -0.06%
Heartland + 1.1%
Nice and steady.All the time getting "more runs on the board." And what makes it truly exciting for shareholders is the fully imputated dividend.[and great dividend reinvestment plan.]
And winner69 the dividend is better than the deposit rate,so that statement holds true.And I expect Heartland's growing earnings will see a steady increasing dividend.
Fair enough Percy
Bit worried about that Interest Rate Risk though
Reality Check.
Average PE of the financials sector in the States is only 12, (source CNBC).
Heartland by its nature and the type of lending is riskier than the main Australian banks on an average PE of 14 so a fair PE has to account for the extra risk.
I reckon for where the company is at, (needs more runs on the board), a fair PE at present is 11 - 11.5 based on current years projected earnings.
As the company continues to prove itself over the next few years we could see that PE expand very gradually to
12.5 - 13.0.