Thanks percy. When do you think we'll get any indication how the home equity release business is going? In September?
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"New Zealand's rural lending, which more than doubled to an all-time high of $50.6 billion in the past decade on dairy farm expansion, may slow as farmers use record milk payouts to reduce debt, spurred on by rising interest rates."
- Full article here: http://www.nbr.co.nz/article/nz-rura...sion-bd-155757
Last year on 5th June Heartland's announcement was "Forecast",so maybe we will get another update about the same time this year.
My very un official ear to the ground tells me the reverse mortgages have grown in respectability with Heartland's backing,so this will certainly give Heartland an area for excellent organic growth.Car sales are at record highs,farm incomes increasing [go to PGW thread for link showing lamb and beef farmers' hugh profit increases of about $113,000 per farm],and lower unemployment,should all work in Heartland's favour.It should be noted Australian Banks' NZ divisions are recording record profits.
I also believe Forbar research dated 3rd April projected 6.5 cents per share dividend for 2014, and 8 cents per share for 2015.
just saw Heartland TV ads on Prime TV 5:30 news for their reverse home loan:t_up:
"Every quarter is now a record quarter' seems a common theme
Hnz in this category?
Some numbers around all banks
http://www.kpmg.com/NZ/en/IssuesAndI...er-2013-v2.pdf
Thanks for the link Winner69.
Reads very well for Heartland.
With all of Moosie 900's signals firing up,that is MACD,Bollinger Bands,Stochastic,you could say all the ducks are lined up for Heartland,which is appropriate considering it is the start of the duck season.Just hope Heartland keep flying high out of shooters' range.