I think you guys are being pretty miserable and unfair to Snoops - please treat him with a more civility and respect please.
Printable View
I think you guys are being pretty miserable and unfair to Snoops - please treat him with a more civility and respect please.
Not only do I get 3,317 shiny new shares today
I also have my $10,157.18 refund sitting in the account this evening.
At $1.62 HBL is overpriced
Best Wishes
Paper Tiger
Overpriced why? I just bought some more today to round up to nearest 5000
Nobody could have any argument with the speed with which the shares were issued or the speed of the refund, sterling effort by Link share registry.
http://www.4-traders.com/HEARTLAND-B...518/consensus/
HBL trades cum a 3.5 cent interim dividend. Stock's theoretical ex divvy price is therefore $1.58.5 and analysts average valuation is $1.58.
Trades on FY18 forward PE of 12.6. Seems fair value and a fair hold to me. Wake me up if it gets seriously overvalued or undervalued by.... I dunno, lets say 20% :)
I agree also. I for one appreciate the effort that Snoops puts in his posts and his willingness to share his analysis. I fear that a pack mentality is developing here. Share trader would be the worse off without his input.
[QUOTE=Paper Tiger;659275]Not only do I get 3,317 shiny new shares today
I also have my $10,157.18 refund sitting in the account this evening.
That was quick...haven't received mine yet
It might be helpful if some people put the same amount of energy they do into their 'enthusiasm' into understanding what the statistical term 'average' means. The basic idea is that you take a set of values that are 'all over the place' and come up with a number somewhere in the middle. A business cycle average is not a prediction of where the share price is headed in the short term. A business cycle average is not even a predictive hint about what you might do in every particular situation.
I don't think it is anything profound to say that if a share price is going up then the chances are that, in the short term, it will continue to go up. I think it is equally unprofound to suggest that eventually the upward trend will come to an end. If you believe in the concept of a business cycle, (and for Heartland at least I accept there are those that don't and think that these people believe Heartland share price will continue to go up indefinitely), then how can you, as an investor, best use the concept of 'average fair valuation'? I would suggest that 'on average' shareholders should be looking to reduce their HBL position with the share price sits above 'business cycle fair value' and increase their position when the share price sits below 'business cycle fair value'. Notwithstanding the suggestion that when it comes to share price valuations caused as a result of the recent capital raising it might pay, in the short term at least, to do the opposite.
SNOOPY
Snoopy I think the market overall is fully valued. Yes you could make the case that the current FY17 PE is a little higher than average but FY18's forecast PE of 12.5 is about right in my view for this stock.
Maybe people are simply happy to wait for a year for earnings growth to return the PE to its average range for this share and in the meantime enjoy a 7.5% gross dividend yield.
If all the stock did was flat line for a year and people enjoyed the pretty decent dividend yield I can't seer any harm in that strategy and probably as good as any other in a fully priced market.
Yes people will probably only get average returns holding but no harm in that mate.