I live in Australia and would be happy to do a share transfer for the purchase of their shares.. PM me
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Somebody pointed out to me that Heartland are getting $20m from shareholders this month and then a week or two paying a dividend worth $18m to shareholders. Seems stupid he said
I told him 'it's not stupid mate - that's how clever big businesses operate'. Don't think he was convinced
(Probably one less shareholder taking up the offer - good eh
No no no .....not Snoopy
The guy who thinks the cap raising is stupid said if they need $20m why don't they just can the divie this time around and keep the cash. Would save a lot of paperwork and bother
Still haven't convinced him about that's how clever businesses work bit .....doubt whether he ever will.
I guess clever engineers are a bit like those "investors", who drive to Wall Street in a Rolls Royce, to be advised by "advisors" who caught the subway to work.
Yet some very good CEOs have an engineering degree.!
Just as well you and I know HBL are doing the right thing,although it would need me to do a Snoopy book to explain it.And I do not do Snoopy books,or sell them.!
Simply put,HBL understand their shareholders,and act at all times to grow the business. and pay growing fully imputated dividends,while making sure their capital ratios remain capable to fund their growth,without having lazy excess capital.
Always trying to be the best bank.rather than the biggest.
And they are succeeding.
esp if they didn't pay such high divies
If they reinvested divies and consistently made 12% ROE todays shareholder equity of $529m would be $5.1 billion in 20 years time ..... with a market cap of say over $8.0 billion ....share price $16 ....and a big bank
Just mathematics - nothing clever in that - and miles away from reality eh