Maybe Heartland could buy their finance division?? If the numbers stack up of course.
Maybe Heartland could buy their finance division?? If the numbers stack up of course.
Chart on Slide 7 of 41 shows EPS down but no numbers or comment
Somewhere else it says EPS down 10% ...suppose that’s the normalised number
Hope the punters get a bit more excited with only 1000 odd shares on the bid. Lol
"well positioned" 17c divis for the year re a 7% yield, payout ratio increased. Oxford maybe flicked.Alot of ageing cars needing to be replaced guarantees continuity, what a great space.
Finance looking a bit weak: Revenue 11% up and earnings 5% down. Is this good for a finance company?
Wondering as well how to read this comment:
and that:Quote:
Impairments on high risk category loans not improving…
Total instalment arrears excl MTF non recourse
impairments 2.0% (1.6% FY18).
hmm ...Quote:
Impairment expense in OFL is up 25% to $7.4m
Seem to have forgotten to report Appendix 1 and the Financial Statements
mentioned earlier on this thread that there debt was too high , so glad they see this now and are implementing strategy to rectify this.
First impressions are uninspiring. Probably flogging off their finance division which seems to be a tacit admission that they're not getting an acceptable return on invested capital and looking at other strategic reviews as well. Lot of reviews and real net profit appears to be down.
The used car industry is very tough, always has been and probably always will be.