And you don't have to stay in the desert for 40 years either :D
Was buying more mid last week at $1.63 as well. As pierre posted its nice to get a dividend on the new ones issued under the SPP at $1.46 too.
All adds up.
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Been in from the beginning... Regret having sold down from being in the top 150 shareholders ( purchased in the 50/60 cents range ) as it rose unbalancing the portfolio..
However... Still have enough arriving in the DRP to keep me smiling.. Will be thinking more than thrice before any more are up for sale..
Disc. Happy long term holder...
Thank you for the kind words.
I think in hindsight a number of us saw this was going to be a cracker.
Funny enough, the biggest giveaway was the sense of pride each director radiated at the agms,being a director of Heartland.There was no hidding it.It was still there at the last agm. I remember well, the then chairman Bruce Irvine, stating at an early agm, held in Ashburton, Heartland would receive their banking licence, shortly.An extrodinary statement,but offcourse he was right.At the same agm Jeff Greenslade spoke of getting their ROE up to 10% from about 3% within 3 years.And he did.!Since then Heartland have spoken in plain language ,what their objectives are.Happily for us they achieve what they set out to do.
The current share price indicates "the market" expects HBL to continue to produce "the goods."
I am sure they will.
And that is exactly what it is all about and has been for many years. They know what they are doing and they deliver the goods. What more can we ask for ? Have to admit though that for the first time in all those years I took the cash instead of the DRP. Mainly to use it for SUM to re-balance my portfolio a little
I see aJEFF GREENSLADE has a share in NELSON PARK racing at Counties today at 2.45pm.
Wonder if its HEARTLANDS chief.
Posted 16 March 2017, wherein I believe I made the case convincingly that on a relative basis fair value for HBL ex divvy was at least $1.73-1.76. Looks like coming to pass pretty soon, whereupon I'll revisit the relative value and update my assessment of fair value. In the meantime I'm a happy holder and see little merit in holding deposit money in the bank...might as well have your investment in the bank in equity !
[QUOTE=percy;658192]On its way to $2.00 the HBL share price will be $1.96 at 4.35 pm on Thursday 21st of September this year.
Unfortunately, we may then have to until mid morning on the 31st of January 2018. for it to go through $2.00.
Above Posted 08-03-2017.
With HBL's sp at $1.70 today, it looks as though that $1.96 and $2.00 are ontrack.
Maybe sooner than later?
Will HBL get to 2 bucks before EBO gets to 20 bucks