Yes .. I also could live with that..
However.. I would prefer HBL to continue on the course set for increased earnings and dividends .
As they have been doing.. With out too many " Diversions ".. :-)))
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Diversions eh ...love them
With the Westpac CEO taking a role as a “social justice warrior” a lot more is being said about social justice issues. I’m told that the relationship between Westpac and Heartland goes beyond their transaction processing tie up - and that they talk together about various worldly things including ‘social justice’ issues.
So maybe Westpac leading the gender diversity crusade and Heartland leading the ethnic diversity crusade (in the financial sector at least)
Heartland will do well in these things ...Jeff as a ‘social justice warrior’ and ably assisted by Directors Vanessa and Ellie who are pretty high profile and active in pushing for more roles for women in senior management.
Go Heartland - better performance will accrue - share price will get to 3 bucks quicker.
wont comment on the Chairman - he’s too old and set in his ways to change his views on these sort of issues
With the 1:15 rights offering closed on Friday, when do we get issued our new shares?
Will be transferred into your wallet one day soon .....maybe by lunch time
Should be faster than that other outfit that was going to fill your wallet
Whatever ...keep it safe .....and don’t forget these shares are only a recorded transaction on a big file somewhere.
When do you expect to hear about shortfall, price etc?
Closing Date (last day for receipt of thecompleted Entitlement and AcceptanceForm with payment)8 December 2017
Shortfall Bookbuild occurs 12 December 2017
Allotment of New Shares under the Offer 14 December 2017
Expected date for quotation of New Sharesissued under the Offer14 December 2017
Payment of any Premium achieved inthe Shortfall Bookbuild to holders of anyRights not exercisedBy 21 December 2017
Mailing of holding statements By 21 December 2017
Thanks mate...
No problem - they must be busy to turn this all around so quick
Hard for me to fathom why HBL is up to $2.07 a day before bookbuild (remembering the price the day before the bookbuild is upper limit) the cynic in me says manipulation....but that wouldn't happen on the NZX would it ?
Theres another reason for reading the offer documents more closely. I didn't realise if I didn't take my options up I'd get paid a premium for my unused options after book build. Might explain sudden spike in price today
I am guessing a bookbuild price around $1.80. I don't think the big boys will buy close to $2 but then again I don't know anything. Maybe I came up with $1.80 more out of hope?
Same here minimoke. I had not noticed that. A nice little Christmas present for those that didnīt or couldnīt participate.
"Any premium above the issue price that is achieved in the Shortfall Bookbuild
will be shared between those shareholders who did not, or were unable to,
take up their rights, in proportion to the number of rights not taken up. Any
premium will be paid to those shareholders by 21 December 2017. "
I commend HBL for how they have handled this rights issue and have treated us shareholders very fairly with 82% of rights available taken up. I also commend the Shareholderīs Association for their part in achieving this. A great result for all.
[QUOTE=iceman;695985
I commend HBL for how they have handled this rights issue and have treated us shareholders very fairly with 82% of rights available taken up. I also commend the Shareholderīs Association for their part in achieving this. A great result for all.[/QUOTE]
They are a good example to other companies in my opinion..
This is why HBL have so many long term holders such as yourself and Percy singing the praises with such fervour..
Disc. Long time very happy holder..