OCA.Best retirement sector divie yield,and a nice home for you when you wear out.!..lol.
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Big difference between lending 80% to 90% of a property's valuation and 12% to 40%.
Remember the story about the difference between being committed and being involved.?
A pig and a chicken were walking along the road early one sunny morning,when they came upon a cafe.
The chicken said to the pig "lets go and have breakfast of bacon and eggs".
The pig said no,"for you,you are only involved ,yet for me it is a commitment."
I like to think HGH are" involved "in the Australian property market,while the Australian Banks are "committed".
These guys should come and see Heartland and share ideas
Transforming a Traditional Bank into an Agile Market Leader
https://www.strategy-business.com/ar..._campaign=resp
Shares with directors with a lot of skin on the line, good management,a strong balance sheet, and the capacity to grow dividends always recover the quickest from any recession.
You do your research, and are sure your portfolio will survive any stress test,but you never know if you are right or not until the recession is over.
I will be sorry to see CFO David Mackell leave Heartland.Very competent, easy to talk to person,as was his predecessor Simon Owen.
Wouldn't surprise me if Chris made him an offer he can't refuse.