Worlds all happy again
HBL back to $2 in next week or so
Growing profits ...growing divvies ....what can go wrong
And don’t forget a profit upgrade still to come.
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Worlds all happy again
HBL back to $2 in next week or so
Growing profits ...growing divvies ....what can go wrong
And don’t forget a profit upgrade still to come.
No it doesn't. https://www.nbr.co.nz/article/we-don...ys-th-p-213619
Behind the paywall article in NBR today RBNZ comes out and basically says we do not have a duty to investors, which I find a little surprising.
The nub of this thing for those that don't have access is that their client is the bank or insurance company and they do not have a duty of disclosure to investors under the continuous disclosure requirements. The disturbing thing about this is that potentially the RBNZ could be conducting an investigation for a very long time on another client, like a bank and no disclosure would be forthcoming until they took whatever action they proposed.
RBNZ oversight in my opinion gives only limited additional assurance and certainly not any in terms of timely notification to investors.
Well I would have thought so but in the CBL case it was all wrapped up in confidentiality orders despite the subject matter being one of extremely high relevance to investors, i.e. solvency concerns. One also wonders how the auditors signed this off as a going concern. The mind boggles a bit about how this would have all played out for N.Z. banks including HBL if the recent dairy crisis had got a lot worse. Thankfully the banks dodged a bullet and its business as usual.
Can't help wondering if the SP reaction today in an otherwise strong market has something to do with the RBNZ calcifying the specific nature of their role ?
I sold all of mine today. But pretty sure my piddly amount couldn't affect the SP though.
At least Heartland isn’t as down as much as Blis is
That’s good
Not where they are looking to grow.
PGW's market cap is $468mil at current share price of 62 cents.
That amount of capital would go a long way to buy UDC which would be a perfect fit with HBL.
HBL do already have an agreement in place with PGW, which was arranged when HBL brought PGW's finance division.
Umm, the HY report I read doesn't support your statement of no growth. It showed growth across almost all areas:
households +15%
personal +36%
vehicles + 15%
NZ reverse mortgages + 12%
business + 14%
rural + 17%
Australia +27%
Yes EPS was flat but I think its only fair to give them some time to get all the new capital working for us. I'm happy holding this stock although I have a lot less of it than I used to.
The current drop from $2.24 has me wincing...
However ... Still looking forward to the next DRP to add a few thousand more..
Still keeping the faith..
Top of the mountain was actually $2.14 in December 2017. Cunning folks sold at that price and recycled funds elsewhere :cool:
I have the old age but lack the cunning... ( Both, overcomes all )..
I still sleep well at night..
After all it is just money :-)))))
Forget the noise and work out your current dividend yield on your average HBL cost price,.
Then it is easy to see who the cunning one is.!!
No wonder you sleep well.
ps.Should you think the dividend will not be increased sell.
Should you think HBL have the capacity to keep increasing their fully imputated divie,sit back and enjoy it.I am..lol.