One frozen kangaroo tail will be shipped to your address. What does that mean? Picture a kangaroo without one.
Printable View
One frozen kangaroo tail will be shipped to your address. What does that mean? Picture a kangaroo without one.
Yes it sure has been a good ride. I was there with you before it became Heartland. I have been though a very similar process to you. Back in May I sold a reasonable part of my NZX portfolio due to uneasy feeling about the market. This included a large chunk of my HNZ shares. I never felt good about it so bought them back in September, luckily for about 14c less than I sold them for and while they were still CD. I feel much better having them all back as I see no reason whatsoever not to hold HNZ as a significant part of my portfolio.
I am not concerned about dairy slow down having a major effect on HNZ as it is a small part of their loan book. Rest of the loan book is good and growing and I have little doubt we will see ongoing growth through acquisitons. Market action this week supports that view.
Hmm interesting sentiment line Banter...yes you can have fun making homegrown sentiment indicators
Low PE??? ...It's a "thing" with Banking Institutions ..During healthy times most banks seem to always be below the market PE average..as an example ANZ is currently around 11.2 and its shareprice has bounced around a bit but overall has gone no where for the last 3 years even with record profits
One way of adjusting for dividends is to take them off all the prices before it went ex. Yes that's the accepted rule..
Some charting programs have an optional tick box for adjustments (some don't work:p)...I find this valuable as most chart data by default don't adjust and TA indicators can get horribly screwed up and can have lasting effects
This may be a personal thing but over the years I have been stuffed up with adjusting prices with div payouts which has cost me money...so I have changed my mind with adjustments...
With splits or other such artificial price movements I still adjust..
But now I view all the company's one off capital losses as non adjustable ...
Whether it was fines or a victim of fraud or any other reason for a one off capital loss that doesn't affect the income stream we all don't adjust for these events so why should we adjust the price with a capital loss one off event such as payout to shareholders...
I have found in the past that dividends don't trigger sell signals in a healthy environment...if they do then Mr Market takes the view that the company could be paying out too much.. A no growth company usually display high dividends with sell signals these unadjusted sell signals are usually genuine as the high yielding low growth company looses its attractiveness and investor momentum for a few weeks after going Ex Div
But each to their own..that why there's an adjustment option box
Just for you percy
http://www.smh.com.au/money/investin...01-gjyqrz.html
Main point is -
The sharemarket loves a good worry. The best bull runs climb what has been called a wall of worry. They carry on irrespective of whatever the economic challenge, real or imagined, is lobbed before them.
It's when the market runs out of things to worry about that you need to, well, worry. It's in trouble then because complacency about realistic valuations has set in.
I still reckon the reverse mortgage business and Harmoney share give this stock growth appeal plus a reliable dividend, perfect in my book!
Another solid day by the looks of it, looks like worm has turned corner. Bring on $1.20, what does the TA say hoop?
With a fully imputed gross dividend yield of 10.4% and a 12 months TD rate of 3.7% it's surprising more people aren't buying the bank instead of depositing funds with it.
Yahoo says EMA200 is 1.17. Is it good HNZ crossed and went to 1.19? Some charty people here could draw somethings to illustrate.
In the mean time I will listen to this... https://www.youtube.com/watch?v=4eNBM17tkjI :)
Today's sp of $1.19 is very pleasing, for those of us who took the DRP shares at $1.11.
Nice bounce these last two days, people have clearly been taking advantage of the heartland being part of one of "Briscoes famous 50% off sales"... About time this bounce happened.
I think it will progress into the high $1.20's and then after a great announcement at the AGM, onwards and upwards into the $1.40's (note: this is pure speculation)