Snoop dog, I was merely extracting the urine. I fudged my numbers to equate to Fridays closing price
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Snoop dog, I was merely extracting the urine. I fudged my numbers to equate to Fridays closing price
Percy, see your mate Chris Lee this week mentioned the vexed question of how to fund property development seeing banking lines are being withdrawn.
Time for Heartland to step up - market void not being serviced by the big boys, niche, not too labour intensive and all that ......and had some experience in this sector
NZ needs subdivisions and apartment blocks - what an opportunity for Heartland. Betcha Jeff salivating thinking of what could be,
Where's there a buck to be made Heartland should go
Just looked back at my spreadsheets and see that the majority of my holding HBL (HNZ at the time & some CBS before that) was bought in September 2011 at prices ranging from 48c-56c. My calculations show a 301% capital gain on my shares since then. Think I have received about 28c divies. So I think you are under estimating it mate :-)
Cmon percy - its Sunday and I'm on your side and get grumpy with the inference i'm just as bad as Snoopy. I have HBL and Snoops doesn't to start with.
I was just correcting your maths in an earlier post
$10,000 in Heartland 5 years ago now worth $33,191 and not $23,191 as you said. Same calculation for ANZ is $13,684
I meant ANZ looks the better investment from today. Never said the same five years ago. Not much point in investing looking backwards from what I can see.
I notice you left out dividends (yet again). Of course it doesn't matter from a Heartland perspective, because more capital has been poured into that business structure than has come out as dividends over the last five years.
SNOOPY
Dividends.
My post # 425 on ANZ thread.
Dividend growth since 2014.
ANZ....Minus 4.5%..............
HBL.......Up....71.66%.
EPS growth,ROE growth,dividend growth means HBL has had outstanding share price growth,which you have missed.
Strong organic growth has seen HBL use up their excess capital.New capital will see further growth,while ANZ has had to sell of bits to shore up their balance sheet,which means they have little or no eps growth,so there certainly will be no increased dividends.
I reckon H1 profit will be $28.8m (they did do $14.2m in the first quarter) ..... and Jeff will say FY will be at top end of previous guidance
FY really should be over $60m but they'll manage to keep it to that $60m plus or minus a fraction - remember they always deliver on want they said they will do. Wouldn't want to go overboard would they
I thought as much. But what you did:
1/ Find a yield you are happy with.
2/ Multiply (1) by a gross dividend in cents that you choose
to obtain
3/ The share price
is a legitimate way to use the Dividend Capitalisation Valuation method. The yield that you choose is a judgement call. The dividend you use could be historical, forecast or some kind of multi-year average. So the dividend is a judgement call as well. And that means the whole valuation method is a judgement call. But there is nothing wrong with that, provided you sincerely believe that your own judgements are representative.
SNOOPY