Interesting article on sharechat.co.nz today about nz banks. I wonder if that news will be widespread enough to cause a drop, or if the drop will happen at next profit announcement. Either way, might be some good buying opportunities coming up.
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Interesting article on sharechat.co.nz today about nz banks. I wonder if that news will be widespread enough to cause a drop, or if the drop will happen at next profit announcement. Either way, might be some good buying opportunities coming up.
Is this the article http://www.sharechat.co.nz/article/f...er-margin.html ?
SP is down by 1c atm. The article seemed to indicate that the smaller banks have increased their market share in a total loan market that has increased by over 1% in the past quarter. This may compensate for reduced margins. On the whole, I would think that the article is positive from HBL's standpoint.
I have not been able to bring up KPMG's quarterly FIPS,however Heartland's announcement on 17/5/2017, stated their net profit for the 9 months ended 31st March was up 13%.
They also stated "NPAT for year ending 30th June 2017 to be at the upper end of the previously advised range of $57mil to $60mil."
Thank you.
Yes we certainly remain "well positioned."
Article of interest:
Heartland Bank goes live on Oracle core banking platform as Kiwibank struggles
https://www.reseller.co.nz/article/6...ank-struggles/
A guidance upgrade in next week or two?
Probably not - will manage result to $0.1m over previous guidance.
One day something will spark the step up $2 plus.
Would they give a guidance update 4 weeks before FY announcement?
I agree. The new web site is not at all intuitive and quite difficult to navigate. They might have come in within budget - but a bit more spent on some customer research to get feedback on their proposed changes would have been a good idea.
A few weeks back I spoke to one of their customer service reps to get some help with an issue and he said that his team was finally getting to grips with the new site. If they're working with it all day and it's taken them months to get their heads around it - what hope is there for us poor customers?
The ANZ Bank web site is streets ahead in user friendliness - God knows why Heartland had to make theirs so difficult.
Must be heaps in the bottom drawer awaiting for the inevitable rainy day
Percy, what was that quote of yours about Kerry Packer and rainy days - it was quite funny
I would expect not all the new channels/new products will be successful.When I last spoke to Chris Flood, he did tell me new channels/new products right offs, were lower than budgeted,however I agree with you, there will be heaps in the bottom draw.
Now the Kerry Packer quote ,when he took over another Sydney newspaper business,and was talking with its accountant went something like this.
KP."What's this money in this account"?
a/c."It's our rainy day fund Mr.Packer."
KP."Look out the window son.it's pissing down."
https://www.heartland.co.nz/Uploads/...ndividuals.pdf
I decided I've had enough of the "so called" Bank of New Zealand with their pitiful 0.1% on call accounts....so I finally got around to doing something about it. Was pain free, took me less than 10 minutes at home to fill out the forms and get copies of relevant identification documents. Heartland staff at Newmarket were very courteous, professional and friendly and all done in less than 10 minutes there. Heartland will be happy to pay you 2.75% at call. Ideal for those that want full flexibility with their finances and a fair return on call.