Thanks "greater fool" for a good informative post.
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Thanks "greater fool" for a good informative post.
Nice bounce today. People seem pleased with ASM, the first quarter of $11m, compares to a first half last year of $16.7m, (so indicatively up nearly 32%), and the Fitch credit rating upgrade.
Management give the impression of a very bright bunch of experienced people who are doing a very good job :)
Thanks for the ASM reports.
Just as I thought Mr Ricketts and Mr Greenslade have you besotted shareholders by the short and curlies.
Greater fool, love your 'firm control' and 'formal tightly scripted readings that didn't deviate from the slides' comments
Sounds like an evangelical outing, preaching to the converted like.
Probably Greenslade had to keep to the script, would have been easy to let slip that they were actually on track to $49m - and thats before the carrots grow into reality.
You guys are too easy on your servants.
Anyway the market seems to approve but with a bit of push could easily be 110 now.
I agree that the official forecast is now looking very conservative especially after a first quarter of $11m that included significant expenses marketing the HER product.
PS bought more this morning.
Looking at market depth this afternoon this stock could jump again,climbing the now widening bollinger bands.
Go baby.
Rumour doing the rounds in professional circles in Auckland today was that a silly old accountant in Titirangi was playing with his abacus today.
$11m first quarter, $12m second quarter, $13m third quarter, $14m fourth quarter as they continue to build their book of high margin loans = $50m for 2015.
This was said to get him in a happy mood so he then kept playing and worked out that if growth continued at the same rate that would amount to $66m for 2016. $66m over $490m =EPS of 13.46 x PE of say 12 = $1.61 in two years....hmmm....Something so simple couldn't possibly be plausible though could it :D
Yes it definately could and i would say is on the cards,lets not forget they are in asset buying mode,and if they havn't bought something significant by then,they would have gone to sleep haha.
I'm not an accountant but this is so likely i'm staying in this time without trading out.
Funny enough that's essentially how they been tracking for the last 3 half years.
Earnings for the last 3 half half years have consistently been $3m more than the previous half year. So you $1m plus $2m equals $3m for a half year ....just how they have been tracking in the past.
However you probably wrong - past performance is no guarantee of future performance
Of course not .....things get better. They have those old people loans now and they must get something out of that eh. Your $50m a bit short of reality methinks.
I cracked Jeffs code a while ago. I know how he came up with $34m-$37m last year and how he came up with $42m to $45m for this year. The magic formula comes up with the guidance and you manage to just below the top end, I make no mention what you manage so no jumping to conclusions
C'mon kizame, roger is just being plain silly.
i told him not to read the Xero thread.
Look what it's done to him. He's valuing a boring old bank like one of these fandangled SaaS companies.
Never mind he will get over it and do a proper valuation of Heartland the old fashioned way like he knows best. The answer will probably be $50m for FY15
'Well positioned' and all its variants are so old hat aren't they kizame
I heard the usually staid as Rod Duke on the radio today say Briscoes profits are going to be 'spectacular' ......jeez that's excitement
Heartland too tightly controlled to allow Jeff to use such words - isn't that boring
I decree the use of 'well positioned' or any variant thereof is banned on this thread
I think a lot of people would agree with you,and other late comers, to the Heartland success story.However a great number of sharetraders who brought Heartland and the "well positioned"posts at 58 cents ,68 cents,78 cents and 88cents would say it has served them well.If it works,why ban it??????????????? lol.
I am more than happy to have my money in a business built on sound old fashioned values and balance sheet strength.
If you are looking for the vibrant new world, look elsewhere. I note it did not take you long to become bored.You can join Rod Duke at either Briscoes or Pumpkin Patch.You certainly would not be bored at either.
May you live in exciting times.!!! lol.