A few extra they handed out to loyal shareolders who heavily promote and defend the company? ....sort of a reward for services rendered?
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Agreed.
I think "the market" is finally realising HGH's potential,and the fact it is not tarred with the same brush as the Australian Banks.
Why it got ahead of itself and went over $2.00 is hard to figure.I think a lot of us thought "UDC" was a done deal,when it was not.
Yes perhaps it was that but the multiple simply got too far ahead of itself in my opinion, just like it went stupidly low at $1.31 on the back of the tarring you mentioned.
I think they have excellent prospects for growth in EPS for the foreseeable future and the present forward multiple is well and truly toward the bottom end of its long term range therefore there's plenty of prospect for share price gains from both eps growth and multiple expansion. Maybe we see $2 again in 2021 ?
$1.72 by Craigs probably about right as a price target for early 2020 though in my opinion and in the meantime there's the very attractive yield to enjoy :)
Even this old hound that gets bored easily can afford to be patient when enjoying an 8.8% gross yield ! (Based on assuming 9.5 cps fully imputed dividends for FY20 9.5 / 0.72 / 150 = 8.8%).
This is a good buy at 1.50 as you say Beagle. I think a lot expect an issue and have held back
Strike price for the Dividend Reinvestment Plan (DRP) in lieu of the cash dividend payable on 29 March 2019 is announced today as $1.4709 per share. I am happy with that. Likewise we get the compounding effect of more shares to take part in the next dividend, similar to the effect of the September 2018 dividend as reported on by Beagle,
I wonder how 'canny' those investors who received shares at $1.625 in the September dividend payment are feeling now though?
"Och Jock, I canny understand where all the promise of last years earnings went, that saw me accept shares at $1.625!"
I notice the HGH share price retreated to the HGH DRP price today. Not much arbitrage their for those who tried to exploit it.
SNOOPY
"Och Jock, I canny understand where all the promise of last years earnings went, that saw me accept shares at $1.625!" LOL too funny mate. Swings and roundabouts with these DRP's but I think you know that already :)
I generally go for the DRiP unless I think the SP is seriously overvalued and then never bother to regret it.
I am always left wondering when a person leaves with effect immediately. I see a director (Graham Kennedy) is off today
Hmm - Kate Morrison (ex Deutsche Bank) joining the Heartland Board.
https://www.nzx.com/announcements/332666
Well, I don't know Kate, but somehow this sounds like somebody from Fonterror running Synlait? Oh - oops, just happened, didn't it?
Let's hope the success of her previous employer isn't following her ... I hear Deutsche Bank is great in making shoddy deals with lying Don as well as paying bonus payments to their staff at the same time they are losing money for their shareholders.
But than she claims to be experienced in "succession planning, strategy and governance". Maybe it was not her fault.
All good than.
When I saw new director, sadly disappointed when it was not Percy.