Hi JT,as Hugh Hefner said to The Bunny Girl,"my pleasure."
The Reserve Bank's reduced capital requirements for Heartland,and the latest profit/trading upgrades have certainly added big "runs to the board".
I would expect we will see a number of analysts revisiting their forecasts,which will lead to more brokers being comfortable recommending Heartland to their clents.Well run BANK,growth and yield make it a compelling investment.
REL.Winner69's comments are correct. However I think HNZ's buying of the REL business was correct.Buying an established business certainly has saved them years from getting a start up REL business off the ground.The whole REL sector came off the boil a few years ago.Has not even been on simmer,just left to go cold..It will take some time to reheat the whole REL sector.Yet I see it as a huge growth sector because of NZder's cash poor,asset rich love of property.Makes excellent sense to me that Heartland have identified this growth sector and moved to buy the major player.