Yep I never participate in any DRP, although most stocks recover their divvy in a few weeks that's not always the case and you can be seriously under water for a long time or worse still be permanently skunked.
Printable View
Discount is what it is @ 2.5% and many investors have done well over the years using this approach. I can assure you mate you're not the only investor disappointed with the present SP.
Dividend stripping :- I think 8-9 times out of ten shares recover the dividend paid in the SP within a month of going ex. There will always be exceptions but the odds or relative SP outperformance in the month after going ex divvy are very good in my opinion.
Don’t complain about the DRP ...punters are getting more shares for their buck than the previous payout (for the second time in a row)
That must be good ...isn’t it?
dont forget about the 1% of shares which have to be sold because they are not allowed to participate in the restructure.
Good to see diversity means equal treatment under the law: (something for all directors to think about) https://www.stuff.co.nz/business/ind...ng-allegations
Good point the reminder about weighted average number of shares on issue. Forecast at mid point is $76m. Shares currently on issue are 560.14m. Add estimated 5.3m to be issued shortly for this dividend, (on issue for approx. 9 months in FY19) and another estimated 5.3m shares to be issued 6 months hence which will be on issue for just 3 months gives weighted average shares on issue for the year of ~ 566m.
$76m / 566m = EPS of 13.43 cps up 7% on last years 12.54 cps. Average analyst view is EPS of 13.1 cps so it would appear analysts are anticipating a small capital raise at some point in FY19.
13.1 cps / 12.54% EPS is still 4.5% EPS growth.
Might ask an awkward question about EPS growth at the annual meeting and throw the directors a curved ball and bleat about last year's very modest 2% EPS growth.
85-90% chance this is back into the mid $1.70's by late next month (despite the ugly head and shoulders TA, "thanks" Peat), in my opinion.
Fvck me. Heres me not tuning into the AGM
"E ngā mana, e ngā reo, e ngā rau rangatira, tēnā koutou katoa
Greetings to all of you, all voices, all authorities and leaders
Ki ngā iwi o te whenua nei, ki a Ngāi Tai, Ngāti Paoa, me Ngāti Whātua o Ōrākei, tēnākoutou
To you the local iwi, I acknowledge your role as tangata whenua
Ki Te Wai o Taiki kei waho nei, tēnā koe
To the Tamaki estuary we see outside, I acknowledge you and your history, its strands and pathways, bringing us all here today
Tēnā koutou ki a koutou katoa kua hui mai nei i tēnei rā, kei te mihi, kei te mihi, keite mihi
To each and every one of you, welcome and thank you for your supportKi ngā kaumātua o te kāhui nei, ki a Chris kōrua ko Geoff, tēnā kōrua"
C'mon jeff - how many shareholders are fluent in Maori. How About a bit of Chinese or Indian for the "Diversity" Virtue Badge
They must do a lot of Iwi business on both sides of the ledger eh minimoke.
Pleased to see they are looking to wind back their exposure on big dairy relationship lending and concentrate on more profitable area's of the business.
All looks good, didn't have time today to attend. Hope someone else asks them the hard question about concentration on EPS growth but overall I think they have a pretty good handle on where they going and I am happy with my XXXL holding...biggest I've ever had.
More female leaders on the way Mini ...the mediocre men better start worrying
In terms of gender diversity, we are actively working to develop and attract females into senior leadership positions to promote diversity of thought. Our Strategic Management Group has been 50% female and 50% male for over a year now. The wider Senior Leadership Team is now 33% female and 67% male and we recognise there is more work to be done here. Initiatives are underway to ensure we have a strong pipeline of female talent in the business.
Diary problems are quite widespread these days
Jeff says 'Good Afternoon" ...hope he turns up
I wouldnt have thought so. In an MBIE report, the strategic direction appears to be
"Iwi and government should work together to facilitatethe development of a template for iwi-led savingsschemes capable of being tailored to suit iwi priorities(e.g. iwi with a particular focus on whänau homeownership could design a scheme allowing for earlywithdrawal of retirement savings for the purposes ofhome ownership);
• Iwi and government should work together to drivethe development and utilisation of infrastructuresupporting iwi-led savings schemes, to be brandedand promoted by individual iwi"
Then there is the risk of security - that being shared title ownership of land
As for REL's, 28.2% of Maori own, or part own their own home - compared to 49.8% of the total population.
HBL might want to clarify theri strategy with Whai Rawa and their Kiwisaver plans for theri Maori stakeholders.
Lets move on mate...just part of the crazy PC world we live in there days. Before departure from Queenstown airport Tuesday night last week the captain came out and gave a long welcome and dissertation on flight proceedings in Maori before doing the English translation. Maybe because it was the very late flight or Maori language week or simply because I was happy and rested from a great holiday but it didn't bother me. This PC nonsense started way back when for reason unknown we started singing the national anthem in Te Reo before singing it in English. No stopping this mate, just go with the flow otherwise it does your head in. (Free psychology 101 advice just for you)
Percy, I think the whole restructuring thing is aimed at growth without new share issuance and the wind back of lower margin resource intensive large business and dairy lending to concentrate on higher areas of NIM lending where they have a unique competitive advantage gives me comfort that mid single digit EPS growth going forward is highly likely.
webcasts a bit poor got background music going over the talking
We should not move on. There is an insidious drift where the loonies are taking over, bit by bit the asylum. We now have the Vice Chancellor of Massey lying, and blocking "racist" don Brash from speaking.
People in positions of authority need to be held to task. The directors, and management responsibility is to look after shareholder interests. The best way they can signal their virtue is to grow the company which would then empower individual shareholders to pursue whatever personal social agendas they choose.
If HBL are pursuing Marori related financial opportunities then they should be declared - they are opportunities that come with greater risk than your bog standard REL.
(with the stated aim of pushing into Australia I look forward to an AGM introduction in Aborigine next year). Heres a draft for them. https://about.curtin.edu.au/who/aboriginal-welcome/
anyone watching webcast? problems with background music over talking?