I thought the share registry set the price.?
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Real investors (not boring guru brokers) are saying that banks that do a good job in prioritizing high-demand products and services and profitable customer segments will see the market rerating them in the next few years
Heartland fit the bill
Good idea....something to do after lunch and then you can come back with your usual comparison with NTA premiums. I can't recall ever being this bored in my life before for such a long period of time and I have never been so happy to have such a large home for plenty of social distancing from Mrs Beagle. This says it all lol https://www.youtube.com/watch?v=7d1_mBBmOZg
33 cases today...Covid prison sentence for at least another 2 weeks in Auckland...you read it here first and there's no need to listen into Saint Cindy's endless ramblings from her throne this afternoon.
My heart sank when I listened to the numbers. Cabin fever is starting to set in but at least I heard my first shining cuckoo* of the season, so Summer is coming! Or maybe I have gone cuckoo!
However I may regret not to have participated in the DRIP, although it is still one of my top 3 (out of 15 holdings.)
*pīpīwharauroa
Beagle - here's the price to NTA numbers of HGH and its peers
All the banks have been 're-rated' upwards since January
Ignoring CBA as they are so special Heartland has the highest Price to NTA of all their peers - by quite a margin as well
Being a fintech helps eh
Ticker Jan 21 Aug 21
CBA 2.31 2.51
HGH 1.73 1.95
NAB 1.40 1.61
WBC 1.35 1.54
ANZ 1.21 1.34
BOQ 1.12 1.21
BEN 1.22 0.98
"Thanks" for that, as if we don't have enough challenges to deal with in Auckland...you reminded me that this week we get to enjoy even more extensive amounts of Te Reo being forcefully rammed down out throats. I'm so "thrilled" :rolleyes:
Winner mate...I was going to do a PE comparison but I've slid even further into a malaise of discontent. I can't be bothered.
What a nice sight/amount :t_up: Divvie money on the bank!!!
Closed the day on market at $2.35 probably boosted a bit by the very strong GDP number that came out today confirming the economy was running very strong. https://www.nzherald.co.nz/business/...E4W5PW3EQAR5E/
Jarden have a target price of $2.46 which seems about right to me although it wouldn't surprise me to see this up around $2.70 in due course.
about to have another go at breaking through that resistance.
3rd time lucky! ?
Financials generally do very well in a rising interest rate environment and that's certainly what's coming.
Big trades @ $2.37 after the close