somebody knows something......there has been more buyers chandeliers for quite a while.
Time will tell.
Fortunate to be well positioned Percy
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We live in interesting times.
Have just been on ANZ Securities site and compared ANZ with HBL over the past 2 years.
Both started at zero.Surprise surprise ANZ is down 7.5% while HBL is up 30%.
WBC remains on Zero and again HBL is up 30%/
Disc ,Hold HBL,but not ANZ.or WBC..
pps Had fun this morning with my Visa Card being declined, at both Pak'n Save and Budget tyres.
First visit to my bank,Ordered a new card as old one was very worn.
Second visit to my bank.Visa network down.
In the meantime Eftpos network was working.
Maybe stuff your mattress with cash so that when you wake up at night and the first thing that comes to your mind is "Am i well positioned?" wriggle, grin ,go back to sleep.:D:sleep:
ANZ and WBC under the pump again today. Feel just a little sorry, (would feel more sorry except I and several others have debated with him at great length about the superior earnings growth of HBL relative to the big Aussie 4) for the other hound. Talk about being thrown a curved ball with that new punitive bank tax ! Ouch !
http://www.smh.com.au/business/feder...09-gw13yr.html Australian Government obviously really desperate for more revenue.
Meanwhile over this side of the Tasman I see our Govt's books are in good shape and tracking much better than expected. http://www.stuff.co.nz/business/9241...-may-25-budget Disc: Patiently waiting for the profit upgrade and next fully imputed dividend. Fully subscribed to dividend reinvestment scheme.
As much as I like heartland, this price is starting to seem a little crazy. I am still holding, but am no longer sure I should be. Hard stock to sell though, anybody else sharing this feeling?
A while back I posted a comparative analysis of HBL v the 6 Aussie banks. I arrived at a fair price of $1.83. I won't sell anything that's tracking and growing well unless its at least 10% above my assessment of fair value. I think the tax change against the Aussie banks gives HBL more of a competitive advantage in N.Z. and in Australia with their reverse equity mortgages. That extra competitive advantage has to be worth something on the SP. The market says the net present value of all this future competitive advantage its 10 cents, (as that's what's been added to the SP since this occurred). I won't argue with the market so my preliminary revised assessment of fair value is now $1.93, call it $2.00 shall we Percy :D
Wow, winner69, Heartland has been winning so much these past few days... ?
Been a fantastic few days for Heartland, today even had good volumes, despite another 5 cent rise.
Surely tomorrow is the day Jeff comes out with his 60 - 65m profit forecast (ie an upgrade), and we all know if this is the case it will be 64.8m ;)
And once Jeff has said these magic words, he will become the man running a billion dollar company (market cap at $934 million right now)
Congratulations to all the holders, and may the odds be ever in your favor.
Disclosure: Not holding
I think people are looking for their next best opportunity and have finally cottoned on to HBL having a lot more potential... Especially if NZ becomes the Switzerland of the South Pacific (probably won't happen/hopefully won't happen). I am loving it (Not an add. No I don't like McDonalds, ever)
Interesting to note,and probably nothing in it but...
WBC and ANZ shareprices have corrected by quite a bit,whilst HBL and TNR have increased on good volume over the last few days.
Coincidence...