Heartland is an undervalued bank. Even with Challenger it will only be about a $1 - 1.2bl mc, a low market cap for a bank with such a range of regulatory approvals and facilities, and a dividend yield that is better than a bank deposit.
I think it has room to surprise substantially to the upside, espeically with the incoming commercially minded board changes. Its a sleeper due to be woken.
I intend to oversubscribe and buy on market on any dips.
GLTA.
HGH Price at posting:
$1.02 Sentiment: Buy Disclosure: Held
