True to May 2017. Today we are in the same place.
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Heartland are my biggest holding. Provided the earnings and divies keep increasing...so eventually will their share price. Not to concerned with current correction as my average buy 106. Maybe it got ahead of itself a bit a while ago when it stretched to 214.
Holding.
Could it be time to line up for this one if you want the nice final divvy ? I think it got a bit ahead of itself 6 months ago at $2.14 but with the passage of time, earnings growth and the correction since then my sense is this is about fair value now on a forward, (very soon to be trailing) PE of 14, gross yield inclusive of imputation credits ~ 7% at $1.77. Reasonable metrics, growth and value in (what is otherwise with the odd exception) a fairly fully priced market.
And look even further, a nice very helpful lady @ Heartland,
"Thank you very much for your email. Firstly, I have raised your query with our retail team, and they have informed me that for some reason your accounts were not linked under your profile. They are fixing this today and will give you a call when this is complete, so you will be able to access your accounts all under one login.
Our retail and IT team are certainly aware of the challenges customers are faced on our internet banking, and I have passed your comments on to help them identify areas of improvement. Could you please advise what version of Chrome you are using and this will help us identify why this is causing you problems?
In response to some of the feedback we have received on our internet banking, we are very excited about our new Heartland Mobile App which will be launched on Android in the coming weeks. The app has been created with simplicity and safety in mind. It’s simple and easy to use; it gives customers the freedom to open new accounts and manage their Call accounts and Term Deposits where and when they want. At this stage it is a tailored deposit app only to allow customers to manage their savings and deposits on the go – so you would be able to access your Direct Call account, but not your Everyday account on this app.
The five key functions of the app are:
1. View deposit accounts and transactions.
2. Open a Term Deposit, Direct and Business Call accounts, and Heartland Saver and Heartland Savings Optimiser accounts.
3. Reinvest, top-up and redeem a Term Deposit.
4. Pay your nominated account from your Direct Call account; and
5. Send us a secure message.
The Android version of the app will be launched first, followed by Apple. If you do have an Android device, let us know if you are interested and we will notify you as soon as this becomes available on the Google Play store. If you have an Apple device, we will also notify you as soon as this becomes available on the Apple store, but we are unsure of the Apple release date.
I hope this has been helpful, please let me know if I can help with anything else.
Regards,
Julia"
Good work Heartland Bank !!
Good work Blockhead.
Thanks for sharing.
If any takeover happens and that's a big IF, I would expect a ton of synergies between these two operations such that HBL could strip many many millions of dollars from the UDC cost structure.
As Percy reminds us Heartland directors have tons of skin in the game and there's no way they will take untoward risks or do any acquisition that's not EPS accretive.
Funds probably better in HBL shares at the current price earning 7%, (especially with the bulk of that annual return paid out in a new few months) than in their call account earning 2.75%. I think this correction in HBL shares is done and dusted or very very close to being so.
http://www.scoop.co.nz/stories/BU180...tars-again.htm
Edging closer to where my tolerance runs out. Currently at $1.76 getting closer to the bonus issue price of $1.70 which I see as the floor for support. If it gets to this level thenI need to leave and find something that actually creates a return - a Dividend reinvestment Plan does not cover capital losses.
Don’t stress i think if all goes well Heartland should be about $1.90 by Christmas. Don’t take this as advice to purchase their shares DYOR.....
I am a patient shareholder
Been personally invested since April 2014. Noted that 2015 & 2016 had similar dips to what is being experienced at present. Holding throughout has proved beneficial in the long term in both cases. This one is very much a long game for me and I suspect will continue to be for a long time.
I continue to hold . Whole market is overpriced and people looking to where to get cash. I am holding thru any downturn especially HBL . Will top up if they drop too much.