The buy spread on HGH looks interesting this morning - 1 at 145 and the next at 128. Possibly a bunch of people sitting on the sideline trying to time the market.
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The buy spread on HGH looks interesting this morning - 1 at 145 and the next at 128. Possibly a bunch of people sitting on the sideline trying to time the market.
Really spooky...expecting hgh to come under further pressure today. The 10% gross yield rate arrives on a forecast of 9.5 cps fully imputed = 13.19 cps when the shares hit $1.32. Not saying they will go down that low in due course but stranger things have happened before and this one often overshoots on the high side ($2.14) and the low side.
Yes indeed, most OZ financial insto / banks multiples falling and NZ companies are following ......and HGH price/book at 1.35 is still just above sector average
Now being touted as a trans-Tasman Group so one would expect this trend to follow ....and some punters might see HGH as more ‘risky’ than when it was a ‘bank’
I wonder how much the lack of easy information available on HGH is putting people off ?
When I look at ANZ Sec Details screen there is no dividend or yield showing.
When I try to find it in NZX I get no historical dividends or upcoming dividends.
No P/E, no eps, no NTA.
All the history has been erased with the name change.
Makes it cumbersome to find information. Especially on a scan.
Disc. Holder
$1.33 is where I first bought into this November 2015. I'm all out now - with a bit of a tear in my eye, this share had some sentimental attachment being the first share I bought when I started getting serious - but I will continue to watch it's progress. Once the downtrend that's been playing out for many months (confirmed in April by my reading of the charts) turns around I'll reappraise.
Quite predictable - happens every time some stupid company decides to change their ticker. But given that even some of the guru investors around here loved the change - I guess there must be as well some benefits for HLB/HBL/HGH - maybe it allows them for some time to hide their tracks and the quite significant downtrend they are in?
History is still on HLB last time I looked
Look percy - I do hold your judgement normally in high regard. Just find it difficult to understand why you are reacting so sensitive on justified criticism of what your beloved HGH (or whatever board) might have done - even if it is just a nuisance to some investors, it was unnecessary.
And just to make sure - I am not talking about the restructure (which clearly has benefits as well as risks), I am just talking about their need to change their ticker - again - and with that basically erase their (easy to access) history for the investor community.
Obviously - this is only a small and annoying thing, but something SMT's and boards really love to do annoying things for no good reason. Create a new name and a new ticker is just setting something like a monument for whoever is running the show at the time. Probably shows they are just human.
Give me only one benefit for Heartland to have again a new ticker!
There are no benefits at all to HGH and it is predictably inconvenient to investors. And sure - the more serious ones will have the relevant data history anyway in their system (or know how to still access it), but it will stop some new investors to consider them for some time.
But hey - this seems to be so much more important to you than to me, so I will try to stop annoying you with this subject.
Apologies for any annoyance caused ...
It’s not Heartlands fault that broking / info sites can’t cope with a ticker code change (even though a new entity has been created)
Vent your fury out on them if one feels so aggrieved
I light of the discussion and in case some other holders are using Sharesight, this may be of interest:
"Hi XXXXX,
Heartland Bank has completed a corporate restructure.
We’ve created a step by step guide on how to handle Heartland Bank Limited restructure to help you handle this acquisition in your Sharesight Portfolio.
Handle Heartland Bank Limited restructure
If you have any questions, we’re happy to help.
Cheers,
The Sharesight team"
Here is the link https://help.sharesight.com/heartlan...d-restructure/