SBS reverse most of their covid overlay and report huge increase in profit (to $41m)
Also say that NIM has expanded lately.
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SBS reverse most of their covid overlay and report huge increase in profit (to $41m)
Also say that NIM has expanded lately.
We are always in awe of Heartland’s NIM ....about 4.5% compared to most other banks (including the big four)
Question ....why doesn’t high (above average) NIM lead to high (above average) ROE
I'll block the entrance to the kennel and lay on it. Since pandas don't hibernate.
https://www.youtube.com/watch?v=dqT-UlYlg1s
So i'll just fill my time with eating bamboo rather annoyingly with no real purpose.
Probably a bit of that. A car loan runs for 3-5 years.
A home loan runs for 30 years
Credit card runs forever? :mellow:
You have to run the same car loan multiple times.
Heartland bank would have more business loans as a percentage with 'annual reviews' performed by credit. More touch points?
Only surmising
Typically what Heartland and UDC do is send them a letter just over halfway through a 60 month loan pre-approving them for the same amount of money as originally. Easy to do if they have perfect repayment history.
Then the funder will share this data with the original car dealer who will ring the customer to discuss trade in values and new car prices etc.
Cool ay
I reckon HGH share price will hit 2 bucks this week
Just about winner:t_up:
Still think we'll see the last cent tomorrow W69?
From this day last week. No she hasn't.
From this day last month...Fair value, still a little over 15% capital gain to come in the next 11 months in my opinion and then there's the very attractive fully imputed dividend yield.Quote:
Decent trading update today that was in line with my thinking. I am looking for net profit in the early $90's million range for FY22 which gives them an eps of approx 15.8 cps and am hopeful the economy will be in a strong recovery and am looking for a recovery PE of approx 14.5 times earnings (which is the average of where the peer group I follow on the ASX is currently trading).
I am hopeful of a target price one year hence of ~ $2.30. Beagle
I wouldn't rule out the possibility of it going a little over $2.50 this time next year as the market starts to think about earnings possibly topping $100 in FY23.
Still reckon 2 bucks later today
Lucky day so far -- did a few things on computershre without any issue - a miracle - but even greater miracle did something on Heartland App ant it didn't need any human intervention from Heartland people
So things going well ...and HGH at 2 bucks:t_up:
That $2 wall got smashed finally