HBL is too expensive right now,although it has hit my targeted price of 180 on technicals,it's getting a bit frothy for a bank unless there is something out of the ordinary to report,but don't hold your breath there...
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HBL is too expensive right now,although it has hit my targeted price of 180 on technicals,it's getting a bit frothy for a bank unless there is something out of the ordinary to report,but don't hold your breath there...
Innovative approach. Very clever thinking in my opinion... at a time when interest rates are very low elderly folks may need a regular top up in their monthly income.
http://www.nzherald.co.nz/business/n...ectid=11853559
Well it was a hard call this morning but I've sold out of HBL at $1.79. time will tell whether that was the right decision but at the current price it seems a little overvalued. I'll look at buying in again around $1.65 (if it ever gets that low). It's been a great ride :)
http://www.nzherald.co.nz/business/n...ectid=11853339
In a single word this is "draconian" ! HBL have been handed a significant and probably permanent competitive advantage against the Australian banks and the market has decided that's worth something in terms of the net present value of all that future competitive advantage as reflected in the SP rise. In post #9411 I included an article that referenced strong growth in their high margin lucrative reverse equity business and a new approach to this form of lending...join the dots... its not about FY17 profit, its about profit growth further out...happy holder.
Not sure if old news or new news:
http://meatexportnz.co.nz/2017/05/11...eartland-bank/
Won't be 64.8 this year
Column V will ensure something just over 60
This gives them scope for F18 guidance of 65 to 70
Wonder what 'real' profit actually is? And what might happen if Column V doesn't have enough in it to help out if the **** hits the fan in the next recession.
But only worry about the short term - no worries
Surprised so many faithful selling though
I got back in at 1.56 fairly recently and plan to stick with in. If it gets down will likely add.
Gunny
I've sold out now at ave $1.76. Good luck to all holders. I think it is still a good company but just too rich on valuation for me and there will be other opportunities out there
I think HBL needs to up its game for new depositors. I've been waiting on the phone twice now for over 6 minutes to set up my internet banking, and have left a message for them to return my call - 45 mins and waiting. Not exactly winning me over at this stage to get the lump of cash I want to deposit and as a shareholder I'm definitely unimpressed.
That's right, about investing in the bank not depositing in the bank, much better return albeit a bit more risky to capital fluctuations. Way better than a term deposit or a savings account, so far.
As far as online banking is concerned, all the banks have it and none of them are differentiated in any significant way from each other. Pretty much of a muchness is basic online banking across the sector, for web & mobile. It's pretty much the price of entry to the market, a baseline service, all say they are innovating but none are delivering in any serious way and most are laggards in conjoining payments, to banking, to accounting.
Where Heartland are making a difference in digital, is outside traditional transactional banking, in the riskier plays which thus far are still experimental but working out ok in the current upbeat economic circumstances.