Yes am also well positioned and very happy with my investment,bought half my holding at 57c the other half was from PGC.Am hoping for a slow steady performance from here on in.But am not fanatical about this Co. as some others are.
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Well Sparky we have had a movement.!!!! Moved from "well positioned" to "poised".
Thank you Macquaries Christchurch for putting on the Heartland presentation.
The presentation was given by Craig Stephen HNZ's CFO.Jeff Greenslade did not attend because of a family bereavement.
Heartland are finding their niche in New Zealand productive sector,small businesses,rural sector and households.Staying away from mortgage wars,yet working in with other banks.ie a bank finds they have too much exposure to a rural customer HNZ will take over the livestock loan,working with Kiwi bank on mortgages .
Will open more branches,Timaru,Invercargil,Central Christchurch and looking for a stronger presence in Auckland.Sorry Mouse not Sydenham at this stage.
As Sparky has pointed out they are looking at growing more profitable lending,rather than growing their lending book.More than enough Capital.In fact too much capital,so I take it we may see a share buy back or a capital return.I enjoyed the presentation.Questions I had were answered in the presentation.
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The non-core property; We can expect an announcement by the end of the month.A sale offcourse would free up capital.
Do not think there are to many fanatics on HNZ if any kizame..
Fanatics appear to not last long.. What ever happened to lazylarry ??
I really do hope that he proves us all wrong in the end ..
Most if not all on here have one goal, and are willing to suffer the slings and arrows of ridicule to attain that gaol..
Giving their good reasons and taking others good reasoning..
With SCOTTY's .. Response to Percy.. An " almost " Fanatic ( with good reason ) on HNZ.. I rest my case m'Lord..
Yes thanks for the report Percy , thats good stuff.
Snoopy, allow me to summarize the opinions of those who are in HNZ :
1. Growth for growth's sake is a bit like drinking for the sake of getting drunk - nothing can come good from it, save for a sore head or a busted liver years later. Just as bad as buying stuff non-stop just because it is on sale.
2. HNZ is doing it the right way - grow profitably and be patient. That is the correct strategy.
3. Capital is not an issue when you are profitable and demonstrate disciplined and profitable growth. There is unlimited capital available out there for banks when they show they are well managed and disciplined.
South Canterbury Finance and the other finance companies provide ample proof that growth (and size) are not everything.
If you go back far enough, the BNZ blew itself up twice growing for growth's sake - and BNZ had unlimited access to capital back in those days.
As has been written before, you are missing the big picture, Snoopy, by nitpicking on numbers.
HNZ is on the move and there's plenty more potential ahead. :D :D :D
George Kerr practically gifted his shares to everyone who bothered to buy less than a year ago at 52 cents!
28 cents gain plus 3.5 cents dividend = 60% gain.
Who says Georgie Porgie is not a nice guy?