Thankfully Heartland Bank have evolved.
The next big advance for banking is digital/online.
Heartland are at the forefront with products that suit their modern clients needs.
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Thankfully Heartland Bank have evolved.
The next big advance for banking is digital/online.
Heartland are at the forefront with products that suit their modern clients needs.
Are No, HBL s history is only a couple of years old, 1875 you refer to Ashburton permanent building society,HBLs management is totally different now so you can't extrapolate that as being THEIR history. This is a new era and entity.
that being said,doesn't mean management won't work to the same principles.
Yes right back to 1875 and the Ashburton Permanent Building Society.
Bit like Westpac, which was formed in 1982, but their history goes back to 1861.
Now we can understand the significance of Heartland holding their first agm in Ashburton,and the wonderful mural Heartland had on their Ashburton building, showing Heartland's history timeline.
Since 2012 heartlands credit rating has been upgraded.
22 May 2014 S&P upgrade
29 Oct 2014 28 October 2014
Heartland New Zealand Limited (NZX: HNZ) is pleased to announce that Fitch
Rating (Fitch Australia Pty Ltd) has raised its long term issuer credit
rating on HNZ subsidiary Heartland Bank Limited (Bank) to 'BBB' from 'BBB-'
outlook stable. The full release from Fitch Rating is attached.
Fitch Rating noted the Bank's consistent reduction in non-core assets
resulting in improved asset quality and stronger earnings, and that its
business model focuses on niche markets in which it has a leading market
share.
Heartland is pleased with the raised rating, which follows Standard & Poor's
raising the Bank's credit rating earlier this year (22 May 2014).
Snoopy - I have a lot of respect for you and your contribution to ST.
However I feel we are losing relevance to this thread and/or covering things that have already bene covered in depth by other posters
I am happy to continue our discussion via PM if would would like. :)
Good to see CEO Jeff Greenslade, and head of banking Chris Flood, adding to their holdings.
Confirms they believe what they have been saying at the presentations they have been giving.
Yes, though are you sure they paid for the shares themselves? Shares have been bought under the existing "LTI scheme". Correct me if I am wrong, but I assume the abbreviation stands for something like "Long Term incentive"? Might be just free money (i.e. paid by share holders) for the senior management team ...
Hey t-j - reckon the share price will get to $1.30 and stay above it this time around
winner69, I believe heartland are very well positioned ;)
As they say every dog has it's day and Heartlands day is finally coming eh
Once past 130 only another 10 cents or so to get back to where it was 18 months ago
Think nextbigthing meant 160 and not 106 in his recent post - 160 by time of full year announcement - nothing in the way to stop that is there.
yep you'all could be right as the PE is only 12,but I think maybe with the unknown of a potential aquisition,who knows,but without that,there could be minimal growth in shareprice and profitability over the next year. I for one would like to see a steady long term uptrend,if you look at the weekly and monthly chart,it has been in a consolidation triangle since Feb 2015 and technically only needs to break 130-31 to bust out of this and then 135 to beat resistance.It is really close to doing this as you can see by the shareprice,so what will be the catalyst?
Aquisition,increased profit guidance for forthcoming year (still too early for that I think),I'm picking it is about to breakout but will be a slow and steady climb to 180 if an aquisition doesn't happen.
I am ignoring of course the clouds that seem to be building,and calling for a correction in the markets.
T'm trying to look at the chart in front of me and ignoring the periferal noise.
With dividends of 8.5% p.a, this is my highest yielding stock so even though more capital gain would be nice, I can't complain.
Hey t_j it's finally made it to $1.30 ......good eh and now heading to all time high $1.40 plus
With no acquisition on the cards this year i expect Jeff to come clean and announces an earnings upgrade .....or will proactive provisioning stop that happening?
Where's you Arvida in the race?
I did take some time out from taking time out to buy some HBL when they were on special at sub $1.20 a few weeks ago.
Best Wishes
Paper Tiger
As I'm sure you know, you weren't the only one... while HBL was part of one of Briscoes famous sales, Heartlands CEO (Jeffrey) and Heartlands Head of Banking (Christopher) also took some time out from taking time out to take advantage of this short lived special
winner69, it would seem ARV has retired from the race, albeit a bit early...!
Time will tell regarding upgrades and what is happening with the capital return or a potential acquisition