BAA - When one tries to do transactional stuff on a mobile it generally doesn't work and Heartland staff tell you to wait until you can access a desktop
That's why I was telling suse he would have some fun doing transactional stuff.
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BAA - When one tries to do transactional stuff on a mobile it generally doesn't work and Heartland staff tell you to wait until you can access a desktop
That's why I was telling suse he would have some fun doing transactional stuff.
Well that's not good, so their web banking and their mobile banking don't have the same basic functions, or one works better than the other? I have ANZ, Westpac and ASB, and all of theirs work fine on mobile app and the browser but none are really very inspiring, some of their mobile offerings are aligned (look and feel) to their web online, but none are particularly innovative in terms of new functionality.
I think we're in a plateau period for the banks, putting out second/third generation online (web/mobile) banking experience, but as I said it's all pretty basic stuff that really just replaces what we used do in the branch offices. Good, but basic transactional stuff. If Heartland are still catching up here, I don't see that as a particularly big issue, but inconvenient for their retail customers.
Where the next-gen stuff is going for core-banking - the three-pillars of banking (deposits, lending, payments) is much more interesting and useful, linking payments to core-banking to accounting, and aligning to sector specifics, seamlessly.
This is being led by the online accounting, not the banks. Funny really that online accounting is eating the lunch of the banks that didn't realise it was lunchtime, and soon it will be too late and be dinner time. But that's another subject.
Unfortunately this online banking stuff is a big investment for the banks, usually over the top of antiquated cumbersome and rigid core banking systems, and although all of the banks have a big online (Digital) story, some bigger than others, none of the banks are delivering innovation yet in this space.
Heartland I suspect is actually a laggard in core banking on web and mobile, they're just too small to justify the expense required to lead or even closely follow the market. That said, they do have and are very progressive in non-core online banking products / services outside transactional banking. Albeit experimental.
Bugger - no profit upgrade in latest announcement. Did say upper end but we had already worked that out eh
Column V must be looking healthy
Q3 profit up 16% on last year (YTD up 13%)
Lets assume $60m for FY - implies Q4 profits only up 3% on last year - that's pretty miserable eh
Why maintain a low figure of $57m in their guidance - that implies a 16% fall in profit for the quarter v last year. What a nonsense - we are not idiots are we
Column V getting a good workout I reckon
What was their profit in Q4 last year W69 ? Add 16% to that as clearly momentum is building and take off a million or two for a final clean up of doubtful dairy loans and Bob's your uncle !
Speaking of dairy, I see we've had yet another increase in the auction overnight. I think we're out of the woods now.
We remain "well positioned," with eps increasing in the 9 months from 8cps to 9cps.
Very strong cash flow.
Nice article on Heartland Bank.
http://www.nzherald.co.nz/business/n...ectid=11857621
Gosh...I had to go back 4 pages to dig out the Heartland thread, very quiet, what's going on Percy :)
http://www.stuff.co.nz/business/9302...-smaller-banks
Nothing to say or report...........................however that may well change after I have heard Jeff Greenslade and Chris Flood present at Hobson Wealth on Wednesday night.
After last year's presentation I brought more.
Very profitable move .
Watch this space....lol.
Sharp downturn in bank home lending. If banks have $$$ looking for a home, will they be looking to other lending opportunities. (Yes of course!) More to the point, will they be looking at Heartland's key sectors and offering better deals to secure. And how much of a risk is it to HBL.
Percy, worth asking at next week's presentation?
https://www.interest.co.nz/news/8794...h-year-ago-new
Just had a look at all the charts of the Australian banks I follow. Every one of them I follow including the smaller banks like BOQ and BEN have been slammed since the Australian Govt announced their new tax on deposits. Market very unhappy with this new policy...meanwhile HBL sails along unaffected :) Australian Govt books in a real pickle...wonder if this is just the start of a broader and deeper reach of new taxation on Australian corporates or whether the initial tax rate is just the thin edge of the wedge to get the banks used to being stung before they really sink the boot in ? Either way, it appears HBL shareholders are "well positioned"