Yes the price trend looks like an uptick in recent weeks. The anticipation of a good half year announcement on 25 February may be helping. A breakthrough of the psychological 90c barrier may help too.
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Yes the price trend looks like an uptick in recent weeks. The anticipation of a good half year announcement on 25 February may be helping. A breakthrough of the psychological 90c barrier may help too.
Percy, it seems you have got your hand on depth info. Have you added an on-line broker?
I'm interested in your decision to add HNZ at this point. You could have got a cheaper price many times in the last 6 months. There is no new info in the market. Was it macro? Did you use market depth to time your trade?
I had a big sell up of shares in November and have the money earning under 4% in an online call a/c.I did not sell any HNZ as I thought the forward PE of under 10 and the dividend yield would support the share price.For the last 6 months I have kept an eye on depth using my friend's online a/c with DB.Some times there was nearly 1mil shares for sale and only 100,000 wanted.
I thought the support was at about 84 cents.No,I don't know whether I would have sold or not?!Well it looked to me as though the sellers on HNZ had gone on holiday,or given up.A great deal more buyers wanting more shares. I am expecting a good half year result in a couple of weeks time, and continuation of the dividends,so finally I brought yesterday..Maybe we will hear sometime of an acquisition?.
I knew I had my Kiwi Saver payout coming.So rather than put that money on call I felt it would earn a lot more with HNZ.
I had thought of adding to one of my Aussie shares,but at the end of the day I do rather enjoy Heartland's fully imputed dividends.
Wow you must excited percy, cannot contain your excitement:)