What about acquisition cost.
Quote:
Originally Posted by
winner69
Interest.co.nz had a piece today -
Heartland Bank is sticking to its existing annual profit guidance for both 2014 and 2015 despite indicating it's well on top of its legacy property portfolio.
Like Snoopy says where's the good news in yesterday's announcement if they can't even even suggest they making more money
Disappointing
Even the dog of all dogs PGW came out with some real numbers
But have faith .....alls on track
The fact that profit guidance stay the same is a positive, one can assume HNZ has acquisition cost with their new purchase which are getting absorbed most likely in 2014 and 2015 without reducing profit guidance. Then we should be in an even better position. :)