Raz - A good Huntaway has already barked loudly about this issue, (well in advance of the trouble coming).
https://www.youtube.com/watch?v=dYW-0Ml1jg4
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Raz - A good Huntaway has already barked loudly about this issue, (well in advance of the trouble coming).
https://www.youtube.com/watch?v=dYW-0Ml1jg4
Downtrend forming - will we see sub 1.10? Banks are hurting with the current commodity crash...
At $1.15 Heartland trading at ~1.1 Book Value
Seems about right in these uncertain times.
So no more share price decline and compelling value at this level
ANZ is in a similar basket (1.2 I think - lowest of the big aussie banks - should be no more decline for them one would expect... on PE and NTA value, ANZ is even cheaper I believe...)
Disclosure: not holding, but very interested in ANZ (holding heartland for a good 6 months)
To be fair though Percy, since that post the Aussie banks have completed their capital raise through Tier 2 Basil 3 compliant subordinated debt issues. Its good that HBL are endeavouring to do a Tier 2 issue as well in April and I hope it goes well for them.