Huge volume today already.
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Huge volume today already.
Yeah, very bid is side has huge volumes building....$1.17 soon?
$1.17 is the 100 day MA line. Our friend Percy will be getting very excited soon.
Perhaps ACC are using their claims money to buy shares again.
PCC.[percy's creative charting].
Yahoo are showing 50 day EMA $1.14 and the 200day EMA $1.17.
The share price today is $1.16.
Now using PCC we add the recent 4.5cents dividend to today's $1.16 sp and get $1.205 cents.!!!
So now we get the full PCC picture==== HNZ sp is well ahead of both the 50 day and the 200 day EMA.!!!,lol.
The B S Generator came up with this today - "enthusiastically formulate leading-edge alignments"
Seems a good way to describe Percy's PCC
Maybe sentiment around the world now not so gloomy.
Dairy price futures up again.
Already 3 months into 2016 yr,so fundamentals should be starting to look pretty good.
And I think something is in the pipeline regarding a deal or aquisition, hence the volume maybe.
One way of adjusting for dividends is to take them off all the prices before it went ex.
And Attachment 7659 is what the chart looks like for HNZ, using dividend-adjusted prices as above.
The HNZ price (1.16) sits between the 50 and 200 day SMAs (1.11 and 1.19)
The mid-point PE over the past 5 years is about 11.5. If 2016 earnings are 11.5cps, per HNZ forecast, that gives a value of $1.32
IMO 11.5 is too low a PE for HNZ.
Off 4 traders based on current prices and consensus EPS for 2016 stocks
ANZ PE 10.6
NAB PE 12.2
BEN PE 11.2
WPC PE 12.2
BOQ PE 11.4
Consensus EPS for HNZ for FY16 11.0 cps...pick whatever PE you think is appropriate, at $1.17 it trades on a PE of 10.64 - Decide for yourself if you think its under-priced.
Disc I am still on the side-lines and while its fair to say dairy isn't as bleak as it was they're not out of the woods yet with an average loan value to dairy farmers in the 60% plus range...what banking guru ever thought it a good idea to let their average LVR to this sector get into the 60% plus range goodness only knows ?
'Sentiment' here is the % by which the 50 day MA is greater than or less than the 200. The green line is the NZ50 sentiment.
Both plotted on the RHS.
HNZ sentiment has just turned - it has stopped falling and started rising. The 'sentiment' chart tends to follow long smooth many-month cycles - not sure if it is tradeable though.
Home grown idea.
Percy and I ( Sounds very Regal ).. Have been into HNZ since the beginning .. Along with others..
Sold half a week or so ago which returned ALL of my original investment.. :-))))
Due to not feeling happy with the current market. ( Still not happy with the current market ) ..
However.. !!!.. I am sitting uncomfortably with the thought of selling down HNZ..
Made even more uncomfortable having the feeling that the right thing was done.. :-)))
That is the market :-))))
Aye perc ??
Through lack of interest I have stopped reading all the negative news about,China,Greece,Europe,USA,Aussie mining etc.
OK, the Aussie banks are having to raise capital, and have other challenges that HNZ do not have.
Latest Free Trade deal will help NZ, and so the future looks great.My NZ shares are going great guns,with more and more increasing dividends hitting my bank a/c.Last week HNZ,today AWK,next week SKL,MEL, and EBO.
I rough guide of how I am tracking is the ST NZ competition.I am 21st up 14.78%,and in the Aussie competition I am 17th up over 20%..That beats fixed interest."Better to own the bank, than having money in the bank"...lol.