Just as expected. Nothing new except for a bit of tinkering around the edges to get to $48.2m
Even that Tier 2 stuff is not new. Love banks borrowing to give back to shareholders.
Underwhelming!!!!!!!!!!!!!!!
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Just as expected. Nothing new except for a bit of tinkering around the edges to get to $48.2m
Even that Tier 2 stuff is not new. Love banks borrowing to give back to shareholders.
Underwhelming!!!!!!!!!!!!!!!
Yes a great result across all areas of the business. Share buyback coming our way and a final fully imputed dividend of 4.5c. Not to be sneezed at.
This about the rural sector impairments :
Impairments in the Rural division were low for the Current Reporting Period
and include adequate provisions for the dairy sector. Impairments in the Business division
, although higher than the Previous Corresponding Reporting Period,
were at expected levels.
Underwhelming??? How is beating almost all market expectations in almost all areas underwhelming?
Very very hard man to please :cool:
I guess the share price action this morning suggests the market was expecting this result?
Met market expectations and analyst forecasts - +/- a fraction
Pity about the $12m in bad debts - $6m more than last year. We can't even blame dairy for that can we.
Without that huge increase in bad debts I would agree with you that it would have been stunning.
From my perspective a good result, really nice to have the dividend increase. To me that is an important consideration..
I was a little surprised by this:
" As at 30 June 2015, Heartland Bank had also lent approximately $32.8m through the Harmoney platform"
Had not expected HNZ to be using the Harmoney platform to this extent. Not quite sure how to think about this.
No need to worry, the market just needs some time to sit back and digest such a great result