Don't like the look of the chart.
Could be a head and shoulders pattern.
Take your profits and go water the Rata trees.!! lol.
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waiting on the side lines for 0.8X entry will we see it though?
The way the market is constantly running out of puff lately maybe
heartland has some exposure to the rural sector so lower milk payout will affect i guess...not sure how much....have owned heartland before and regretted selling but cant work out a price to buy in....sold all my nzo week or so ago so am cash rich but lacking in the technical department....can only marvel at the experts when it comes to finance
Interesting analysis on NBR:
http://www.nbr.co.nz/article/heartla...tive-pressures
In a nutshell: they feel that Heartland lost growth momentum (as well with dairy down) and is now sort of compelled to grow through purchases ... which may or may not be a good thing.
Discl: sold out during the recent peak - happy to watch from the side lines.
Snoopy has done a lot of analysis about HNZ loan book. Most of this has been rubbished by the believers.
I for one always wonder how much banks/insurance companies 'smooth' profits by subtle changes to provision assumptions / discount rates etc.
Good on Snoops for trying to work out HNZ accounts.
John Kay is a renowned economic commentator. Interesting piece he as written on such issues. Seeing its a weekend have a read
http://www.johnkay.com/2014/07/30/wh...en-meaningless
Last couple of paragraphs -
There is no “right” answer to the problem of accounting for these kinds of uncertainty; only a need to acknowledge that there is never such a thing as a single true and fair view, only a range of possible outcomes. When a business has many long-term contracts, or teeters on the verge of bankruptcy, that range may be very wide.
I can see the difficulty a bank chief financial officer will encounter if they tell depositors, shareholders and regulators that annual earnings are something between a loss of $5bn and a profit of $10bn; but such a statement may be the only view of the company’s affairs that is genuinely true and fair.
There was a brief surge to 98 from a base built first in the late 80's and then in the low 90's and now were back to low 90's after its confirmed there will be a $4B hole in the economy caused by the dramatic fall in Dairy prices and recent equity market weakness generally. Further the absolute avalanche of new IPO's sucks the wind out of the market. Why is anyone surprised by a correction of a few cents ?
At last year's agm Heartland made it very clear they would look for growth via acquisitions.
Since then they have acquired the market leader in the REL sector in NZ.They also have an REL business in Aussie.This sector is fast growing in both countries.[A fantastic acquisition]
Was not that long ago they acquired the finance division of PGW.
Motor Trade Finance would be a great fit with Heartland,but thankfully Heartland are being cautious as the deal appears to contain too many fish hooks.
Heartland made it very clear at last years agm they want to be the best bank and not the biggest.Only looking to do "good business". And have had their credit rating upgraded.
So nothing new in the NBR article for me.
Growth momentum?All financial intos are finding organic growth hard to achieve.DPC are taking over TUA to achieve it.
Hi Percy - didn't meant to criticize the stock ... I consider HNZ as a solid share, nothing wrong with investing into it. Just not sure I expect short term such amazing SP growth as some people on this thread seem to hope for. As well - I learned my lessons on finance companies the hard way, and given that HNZ is sort of moving into this direction (again - no affront intended) would I request higher rewards from this stock than it currently seems to offer.
But hey - forecasts are very difficult, particularly if they involve the future. HNZ stays on my watchlist, and if the price is right I may very well buy in again.
Sorry BlackPeter my post was aimed at replying to the NBR article,not you.
You will have noted from my posts I have been adding to my HNZ holding as they achieve more runs on the board.I see it as a solid,well run business, founded on strong foundations,on modest ratios,a low PE,paying a good fully imputed dividend,with the capacity to increase it .
I have no concerns at today's share price.When it makes $1 does not worry me.What I am looking forward to is the day it hits my value target of $1.25.!
Well...that really rocked the share price. Wonder what a slightly negative report might have done ?
High expectations of this stock. Hasn't disappointed us yet. (Thanks Percy )
Hope so but $36m is a bit disappointing.
They said $34m-$37m before we new about Seniors. Seniors contributing $1m so that's good. But in reality the $36m is really $35m in the context of the original guidance. So not that great
And heaps more shares to spread the $36m around too.
Never mind - I take heart that belg says I going to be fine. Nice