no wonder the share price has performed dismally cant even get a webcast right
Printable View
no wonder the share price has performed dismally cant even get a webcast right
I am sorry I had to go out and help a family member so missed the web cast until 10 past 11.
Do not know whether anyone asked about eps growth.?
No I think they are up front about Australian growth driving the restructure,driven mainly by RELs,although they see other opportunities too.
They have been looking to lower their exposure from large loans, where they have competition from the major banks, to a lot of smaller loans.
So rural lending, including dairying, is now focused on livestock.
The out come of this, is as you point out, better margins,but I like the facts they lower their risks, and can recycle funds quickly,as the loans are for shorter terms..
Interesting were Chris Floods comments about motor vehicle lending.Still an active market,with much better quality lending ,with few poor loans.[TRA should be the same].
Suppose a morning AGM would have saved a few bob on the grog bill ....and probably reduced the numbers that attended.
[QUOTE=Beagle;729714]I hate it when people work out why I didn't attend lol.
Gone downhill.
4pm Friday afternoon was delightfull.?
"
Heartland Bank Limited (Heartland) (NZX: HBL) is pleased to advise that all resolutions put to shareholders at its Annual Meeting were passed."
Resolution 1: That the Restructure (details of which are set out in the Scheme Booklet) is approved
For: 333,558,468 (99.57%)
Against: 1,450,852 (0.43%)
Abstain: 9,484,391
Landslide Result
From late last week.
Yes a VERY solid endorsement indeed from shareholders with the voting. SP was too cheap at $1.66. Onward and upward now eh...SP might be back to mid-late $1.70's by as early as the end of this week !
Disc: Bought more OCA today and that's now #1.
yes big vote in confidence , now they just need to improve the dismal share price performance
http://www.scoop.co.nz/stories/BU180...le-funding.htm
Honest, it wasn’t me that asked the question about getting more younger digitally aware people on the Board ....the person even mentioned the current Board looks a bit old and needs refreshing.
Glad to hear Chairman say they are on the case ...ha ha