HGH - Heartland Group Holdings

[RTM]

ummm...am I missing something? is there an HBL divvie payable tonight?

I think Percy means Turners

[Oliver Mander]

I think Percy means Turners

ahhh....now my cat-sized brain gets it....

[ziggy415]

I see the hole that HNA group have dug for themselves is getting deeper......will there takeover of UDC finance go ahead........closing day must be close

[ziggy415]

I see the hole that HNA group have dug for themselves is getting deeper......will there takeover of UDC finance go ahead........closing day must be close

Remember Winnie not happy about the deal......even touting Heartland as a local suitor

[RTM]

Remember Winnie not happy about the deal......even touting Heartland as a local suitor

I thought consensus was that UDC may have been a bit big for Heartland to swallow ? Anyone have any numbers handy ?

[beetills]

Would it be possible for ANZ to spin off UDC with an IPO and then launch a takeover for HBL.

[stoploss]

Would it be possible for ANZ to spin off UDC with an IPO and then launch a takeover for HBL.

ANZ is already 50% (roughly) of the banking market so might be a stretch to get it past the regulators ....

[percy]

HBL's market cap is $987.8 mil.
Forget the price ANZ sold ? UDC for.If it was between $450 and $650mil, HBL would need to raise a lot of capital.
The market would welcome it, as the combined business would be great.
However, the longer any deal is delayed the less HBL requires UDC, as HBL have plenty of organic growth,something the Aussie banks ,or UDC,don't have.
So HBL will never pay anything like the Chinese would.
And no HBL would never get away with another quick placement and SPP.

[RTM]

HBL's market cap is $987.8 mil.
Forget the price ANZ sold ? UDC for.If it was between $450 and $650mil, HBL would need to raise a lot of capital.
The market would welcome it, as the combined business would be great.
However, the longer any deal is delayed the less HBL requires UDC, as HBL have plenty of organic growth,something the Aussie banks ,or UDC,don't have.
So HBL will never pay anything like the Chinese would.
And no HBL would never get away with another quick placement and SPP.

The purchase price of NZ$660 million represents a price-to-book ratio of 1.6 times net assets of NZ$424 million as at 30 September 2016. “UDC Finance is a great business which is performing well,” said Mr Hisco.

[beetills]

Are there any NZ companies that would be in a position to buy UDC.
I was thinking TSB then listing after purchase.