LOL you're a character.
Agreed Harvey.
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Apparently Jeff has already left the building for the Christmas break
So no profit upgrade until late January then
Maybe I have it all wrong and the lack of people wanting to borrow is inhibiting growth with the result that $42m is going to be it for the year. Bugger
Anyway all the best for the Festive season Jeff ..... come back refreshed in case you have to face up to grumpy shareholders in the new year
Don't worry mate. A bit of consolidation after a 15% run-up to $1.15 in one and a half months since the ASM is a healthy thing. VWAP basically $1.14 today, some silly mug chucked a few thousand out at the close at $1.13...probably because they were mid-way through Xmas shopping and realised their credit card would be declined if they didn't top it up before Xmas LOL.
We are well positioned for 2015 :t_up:
Do you think Jane will be putting in extra hours over the break, or is it enough that she is a woman?
Do you have an updated fair value for us Percy? I believe your last one was around 1.14?
Vorno.You asked me for an updated fair value.
I do not see anything has changed since Roger's post.
Be well aware Roger,Winner69 and myself, have target prices of between $1.20 and $1.60,while three respected NZ brokers are at $1.00..
I refer you to page 18 of the ASM presentation where Heartland compared ratio with their Australian peers.1.9 times NTA gives a share price of over $1.60.I think that is attainable,but not sure when.
Bendigo and Adelaide Bank ticker code BEN and Bank of Queensland BOQ both on a 2015 PE in the mid fifteens.
HNZ with its conservative capital ratio worth at least a 2015 PE of 12 so $1.20 now and I expect 20% EPS growth as we head into the 2016 FY year so late 2015 with 2016 guidance out I see $1.44, Nov / Dec 2015 (12 x 12 eps). Add in projected fully imputed dividends of 7.5 cps, gross 10.41 cents (7.5 / 0.72) and upside for 2015 is for 30 cents capital growth and 10.41 cents dividends, total 40.41 cents / 114 = 35% total projected shareholder return. All on a PE of 12...if we get PE expansion because the market attributes greater satisfaction with HNZ's track record, a takeover from AMP or someone else or EPS accretive acquisition(s) there's clearly more upside. This and AIR my top two picks for 2015 backed up with being my top two positions. Both companies growing strongly on very modest PE multiples.
Jane will no doubt be working on a few things as to how Heartland can become even greater after, as Percy says, getting things set up for the future.
Jane will probably pop into any of their outlets she might pass in her travels to get a feel for how the grassroots feel about things and over the wines at the BBQ be asking real people (consumers) what Heartland can do for them.
Jane is only woman on Heartland NZ board even though there is a Nicola on the Heartland Bank board. Hope they get the chance to work together as both have heaps to offer.
H2so4, you seem as sexist as bunter and a few others. Shame on you both.
Jane was a top law student. She's now a barrister and accountant with an interest in corporate governance.
And her contribution to HNZ will be limited to chats at BBQs and inspecting some HNZ branches? The kind of stuff women are far better at than men, right?
Exactly who is being sexist here?
Reminds me of the first Ebos agm I attended in 1991.
It was held in the company's board room.
The directors and about 8 or 10 shareholders.
After the meeting a serving hatch opened up and the then chairman,Jamie Maddren,poked his head through it and asked "would anyone like a cup of tea"?
Don't think Geoff Ricketts would be up to it!!!
Bugger - MASSIVE SELL SIGNAL
Some 40% of the punters in the stock picking competition have picked HNZ (see skids post on that thread) It is the TOP pick so far and I don't want to mention the other popular ones
We are well and truly stuffed now
HNZ is the only one of the top 10 that I have in my selection. I see it as a steady growth potential and a good backstop to another of my choices that, if it rises at all, will make a massive gain.