HGH - Heartland Group Holdings

[Lewylewylewy]

Interesting article on sharechat.co.nz today about nz banks. I wonder if that news will be widespread enough to cause a drop, or if the drop will happen at next profit announcement. Either way, might be some good buying opportunities coming up.

[Bjauck]

Interesting article on sharechat.co.nz today about nz banks. I wonder if that news will be widespread enough to cause a drop, or if the drop will happen at next profit announcement. Either way, might be some good buying opportunities coming up.

Is this the article http://www.sharechat.co.nz/article/f...er-margin.html ?

SP is down by 1c atm. The article seemed to indicate that the smaller banks have increased their market share in a total loan market that has increased by over 1% in the past quarter. This may compensate for reduced margins. On the whole, I would think that the article is positive from HBL's standpoint.

[percy]

I have not been able to bring up KPMG's quarterly FIPS,however Heartland's announcement on 17/5/2017, stated their net profit for the 9 months ended 31st March was up 13%.
They also stated "NPAT for year ending 30th June 2017 to be at the upper end of the previously advised range of $57mil to $60mil."

[Beagle]

I have not been able to bring up KPMG's quarterly FIPS,however Heartland's announcement on 17/5/2017, stated their net profit for the 9 months ended 31st March was up 13%.
They also stated "NPAT for year ending 30th June 2017 to be at the upper end of the previously advised range of $57mil to $60mil."

There's a mistake in your post mate, you forgot to mention we are well positioned

[percy]

Thank you.
Yes we certainly remain "well positioned."

[silu]

Article of interest:

Heartland Bank goes live on Oracle core banking platform as Kiwibank struggles
https://www.reseller.co.nz/article/6...ank-struggles/

[winner69]

A guidance upgrade in next week or two?

Probably not - will manage result to $0.1m over previous guidance.

One day something will spark the step up $2 plus.

[silu]

Would they give a guidance update 4 weeks before FY announcement?

[winner69]

Article of interest:

Heartland Bank goes live on Oracle core banking platform as Kiwibank struggles
https://www.reseller.co.nz/article/6...ank-struggles/

New core system seems to have designed for people who speak a different language than me ......wouldn't call it user friendly

[percy]

A guidance upgrade in next week or two?

Probably not - will manage result to $0.1m over previous guidance.

One day something will spark the step up $2 plus.

One year ago HBL's share price was $1.29......Today $1.80 an increase of 39.5%.
Six months ago HBL's share price was $1.52.....Today $1.80 an increase of 18.4%
To go from $1.80 to $2.00 we need a very modest increase of 11.1%..Piece of cake.!