Thanks for that vid.So true all this casual racism.Funny isnt it ,dogs are not judgemental,they are unconditional.
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Edited...let's get back to discussing Heartland.
Good thread here for discussing the things those above appear to want to do. https://www.sharetrader.co.nz/showth...cially-divided
Deleted for being childish
Edited - Off topic
And before we get into more South Auckland bashing, it makes sense to look at the spread of COVID in the three major affected Australasian cities:
Melbourne - first recently detected in St Kilda first, moved quickly to the poor areas in the North and Northwest of the city
Sydney - first detected in the Eastern Suburbs, moved quickly to Liverpool, Canterbury, and Mr Druitt in the South West
Auckland - first detected in Devonport, moved to Grey Lynn, then quickly into South Auckland.
There are a few confounding factors here. Firstly, those in the lower paid service and labouring industries tend to take the virus from a wealthy suburb (where they work) to one less wealthy (where they live). Secondly, it spreads best in damp houses with overcrowding.
I don't know where you guys all live, but I suspect a lockdown is a lot harder in Mangere or Otahuhu than it is in Parnell or the Eastern Suburbs.
I think we need to encourage and support, not vilify, South Auckland here. Or to put it another way - this outbreak is taking longer to settle because of inequality.
That has a lot to do with HGH. Really go start a Covid Thread.
Good to see some upwards action today:t_up:
Quick update on comparison group FY22 metrics and expected average growth rate looking ahead and some comments.
NAB 15.0 3% average expected growth rate
WBC 15.8 (I need to look into the growth rate some more with this one)
ANZ 12.9 5% average expected growth
CBA 18.2 3% average expected growth (This one is consistently the most expensive on forward metrics)
BOQ 15.0 3.5% average expected growth
BEN 12.9 -3% average expected earnings contraction, (sizeable discount to NTA, price to book, could be a few issues with this one)
HGH 14.4 6% average expected earnings growth.
On those metrics ANZ and HGH look like the best value to me and I am happy to hold HGH for the fully imputed dividends that none of the other banks provide, (only very partial imputation credits, at best, with Australian banks)
Comment - I think HGH will need to use its Covid provision this year, Auckland business's are doing it very tough.
Rating Hold. Disc Holding a decent sized stake but have reduced it somewhat.
Work in progress...I need to look into WBC's future growth rate some more.