Yeah, I guess but I was just thinking of it being a nice compulsory savings plan. I'm hoping Kupe will run out mid 2030s rather than in 2027. I also hope for $100 US a barrel oil. I hope for lots of things.
Anyway, back to HBL:)
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Yeah, I guess but I was just thinking of it being a nice compulsory savings plan. I'm hoping Kupe will run out mid 2030s rather than in 2027. I also hope for $100 US a barrel oil. I hope for lots of things.
Anyway, back to HBL:)
GNE could not have a DRP it simply wouldn't work, as others have explained.
However I wish ARV could have a DRP, especially once they get to greenfield development and things go from exciting to ultra exciting! ;)
Anyway, back to HBL, great fundamentals remain intact (some even saying GDP of 4% or something??)... Australian Financials haven't been doing anywhere near as badly as HBL has been doing, and HBL has much better fundamentals (great interest margin for a start!)
Still great value and in 2 or 3 years (months?) time we could possibly all be looking back laughing how cheap $1.4x was (like it was when it dipped to $1.1x for that very short time during that brexit thingy)
(Dairy prices down 4% and NZX is down something like 4% since the high's earlier this month which probably doesn't help)
Looks like only about 22% of the divi went to the DRP
With the NZX 50 index dropping like a lead balloon (down nearly 1%), HBL bucking the trend and now back at $1.50 just like that! (panic sellers finished?) Makes me thing Mr Market is searching for the best of both worlds: Yield + Growth in these 'volatile' and 'challenging' times
I joined the wife in not taking DRP this time.
Our dividends are in the bank.
Thank you and well done Heartland Bank.
I decided to go for the DRP this year Percy. At the current SP of $1.50 and a strike price of $!.476 I'm up an extra $3000 already. It's always a bit of a lottery as to how it will go but a happy investor here. I owe you a big thank you too. It was your enthusiasm for HBL that got me investing in the company at 63c back in 2012 and it's been a great ride since then. If I ever get to one of your ST meetings in Chch I'll buy you a beer - or even two!
Merci beaucoup
Pierre