12.1 does seem a bit low doesn't it, I have them on 12.5 estimated. Time will tell which guess is better :)
P.S. I bought a few more today to add to my existing modest sized holding. Fair - Fairly good value at this price I think.
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12.1 does seem a bit low doesn't it, I have them on 12.5 estimated. Time will tell which guess is better :)
P.S. I bought a few more today to add to my existing modest sized holding. Fair - Fairly good value at this price I think.
A very valuable resource.
https://buffett.cnbc.com/
Enjoy:)
Luckily I sold all of mine at the peak of US$326,110 per share back in February. [:t_up: -- if only]
They are down to US$286,700 per share -- down $900 in a day. -- But still up 11.4% (vs 12.6% SP&500) over the last year so I wouldn't be complaining too much if I did hold one or two of them.
Global Dairy Trade Auctions - prices down in 7 of the last 9 auctions / Heartland shareprice - down in 6 of the last 9 comparable periods.
The reasonable correlation between the two is still in place....but probably only a casual thing but interesting
Recently in its report on New Zealand's financial stability the Reserve Bank noted that most dairy farms are currently cash-flow positive, but remain vulnerable to any possible downturn in prices and agriculture shocks. "Reducing this bank lending concentration risk requires more prudent lending practices," they said
Just a few observations ...no conclusions made
Interestingly and reasonably strong correlation that's existed for quite some time in my opinion. Disappointing to see HBL share price under quite a bit of pressure despite a very strong day on the NZX, spooky possums how dairy declines correlates to SP even though dairy farmers are all good now.
Some might be getting spooked about the economy ...GDP figures not that flash and GDP been declining for a few quarters now.
Jeff often says Heartland fortunes are tied to overall health of the Economics my (GDP growing or not)
But as long we get to the end of August without dropping any more we’ll be OK
A comparable chart with ANZ.NZ,or WBC.NZ shows HBL is still suffering the rub off from The Australian banks,yet does not face their issues..
I have been spending a great deal of time looking for homes, for the proceeds from the sale of our previous house.
Not easy.Still a work in progress.
Dare not add to our HBL or TRA holdings.TRA is the only share on the NZ market I can find where the PE ratio is lower than their growth rate.
So far MEL and GNE look suspects because of their yields.Other possibilities are AIR,OCA,and SPK.
Companies must be paying a reasonable dive, and have the capacity to increase it.
Well HBL is trying my patience. Great day on the maket today with my portfolio now sitting on a 28% increase for the year. That includes the 9.7% loss I am carrying on HBL - my only loss maker. So its not only the HBL loss I am suffering - its also the opportunity cost. Oh well. Only 4 more cents to fall off and my stop loss is triggered