All very positive.
All fully engaged.
The board were very keen to talk with shareholders after the meeting.
I get the feeling the board seem to have a "sense of pride" to be part of creating a very successful NZ bank.
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Iceman.
You/we have invested in a well run,financially strong,growing company.This company has a part to play in financing wealth creation for New Zealanders.It has a growing capacity to pay good increasing dividends.The foundations have been laid,and the future looks bright,and secure.Hold with the knowledge you/we will be well rewarded.
Reading this thread, many seemingly reputable members of this forum seem bullish on the stock and are often commenting on how undervalued it is, that it should be at least $1. Yet this stock has a reasonable profile, surely it can't be simply 'overlooked', institutions have full timers looking for opportunities like that. So what's holding it back? Why is Mr Market holding it around 0.86 and not driving it to $1.
Please note; previous applicants need not apply... (Snoopy ;))
Ebos,Ryman and a number of companies took years to be recognised by the market.Ebos still flies under the radar [as pointed out by their MD at their agm],so Heartland is no different. I think we are seeing intos adding,or coming onboard.
I asked MD Jeff Greenslade if he knew where the PGW holding went to.He said he thought intos [.....] and [ .....] had brought them,but as they are held by Central depository he was not sure.
Have not named the intos as I think it would be unfair to quote Greenslade when he was unsure.
It can take a long time for a company to be covered or added to a broking company's research or buy list.
Maybe when all the brokers' start recommending Heartland as a buy, it will be time for us to sell.I expect this will happen when HNZ share price hits $3.50.Don't know when that will be.!!!!!!!!!! lol.
They said their looking for acquisitions so doesn't that fill his criteria. The fact they aren't rushing should be a positive
Maybe snoopy is right - they should do a capital raising. Different reason though, it would put them into the NZX50 so they would get coverage, propelling their SP upward.
I bought the greatest part of my HNZ shares at the end of September 2011 and have been slowly accumulating more along the way right up until last week Percy so I am very satisfied with the performance. When I first bough in I bought into a story and goals that I liked, well aware of the potential risks. Since then the Company has steadily achieved the goals they set themselves and nothing really surprising has come out. That I like very much. In addition to the great capital gain, we now have steady dividends of around 7% at current SP as you point out and more like 10% on my average buy price. That's not to be sneezed at and these may also well increase in the future as more of the management's goals are achieved.
I shall continue to accumulate a few more along the way as/if finances allow !
It has been rumoured that they will take over Motor Trade Finance.They could do that without coming back to shareholders.
Old rumour was FPF [Fisher & Paykel Finance].I believe Chinese are more than happy.However, should that come about they would need to come back to shareholders.It would,subject to terms be very positive for Heartland.
In the meantime they have too much capital.It was pointed out that that they have provision to do a share buy back.
With merging three companies to form HNZ and the takeover of PGW Finance they are very comfortable about doing acqusitions.
I feel they are holding back on share buy back,so they have the capacity to do an acquisition/acqusitions.
A capital rising without reason would not be supported.So again Snoopy is wrong.