A few of my recent predictions were wrong which I am happy about
Quote:
Originally Posted by
percy
Result out.
Net profit $16.7mil.
EPS 4 cents.
NTA.88cents
Dividend 2.5cents [you were right Paper Tiger]
Equity Ratio 15.3%
Non core property down to $99.2 mil and projected to be $67.5mil at 30/6/2014.
All boxes ticked.Well done Heartland,and new acquisition is both substantial and exciting, being focused on NZ's ageing property owning population.
We shareholders remain "well positioned."!!!!! [sorry Paper Tiger]
NTA is at least 1.5cps higher than I calculated recently, lose one point.
I actually said that this dividend would be 2cps -lose another point.
The accounts are actually a little better than I expected at first glance.
A quick look at the disclosure statement shows that the banks tier capital ratios are 14.69% at Dec13, for those of us who like to worry about such things.
Best Wishes
Paper Tiger