Rocking? I see just two trades with 95 cents and than back to 94. What numbers are you looking at?
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ROE 14%-20% eh
Hypothetical question: What would you say if someone offered you an investment with a promised real return of close to say 17% over many years?. You mighty say: “How much can I buy?” or like most sensible people: “What is the catch?”
Think about it
Always a lot of fun looking for the next EBO,MFT or RYM.
Even more fun holding onto that share,when you have found it.
As early investors in EBO,MFT and RYM will tell you, you have to be patient.
Yet those three companies have all been very open about where they want to go, and how they are going to get there.
Sound familiar????
So Heartland "assessing possible capital management options to improve ROE,"
interesting
wonder what they have in mind?
Percy, you know why (the rationale) they hell bent on making excessive returns on equity?
Save me contacting Jeff. He can't not respond now I am a shareholder
You need your long memory cells working here Winner69.
When everyone was going on about cash issues,rights issues,lack of capital,etc,I posted that HNZ talked about returning excess capital if they did not require it.!!!!!
Sound familiar?????
They have proved they can raise capital in a big hurry,so why have excess doing nothing?
Agreed.Yes,however they have been recycling money from low margin lending into more profitable "niche " areas.
All the time they are also wanting to improve their credit rating,and are mindful of equity and other ratios The Reserve Bank require them to keep in order.
As for greater "risks" I think their record of "provisions","overdues" etc is most acceptable.
Getting to 10% was a target set. At the time it was an aggressive target,.I think the easy fruit has been picked,ie going from 2% ROE to 9%,yet today's announcement Jeff Greenslade did say;"We will continue our product centric strategy focussing on higher yielding products where a leading market position can be achieved.".