No worries here JT
Only limited top ups to pensions and to be taken in cash .....no lump sums that are the attraction of a proper HER scheme.
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Thanks w69; for some reason i missed percys response saying much the same.The plus is less competition!
Less competition generally leads to more business at higher margins and they already have strong growth. Hmmmmm
No question that this part of the business is looking very rosy and exciting. The growth requires a lot of cash. That borrowing and meeting the potential new RBNZ liquidity requirements will require very careful balance sheet management. Personally I think suspension of dividend should be one of the many options considered but realise this will not happen. But maybe they could raise the DRP discount a little more to entice us SH further to sign up for it !
Heartland already has a banking facility with cba bank for its reverse mortgage book so why not a little more and take cba reverse mortgages off their hands....over the years as cba has less repverse mortgages left the cost to administer these will In crease so why not on sell to heartland now
My rating BBB+, Beagle Busy Buying :)
Dairy prices rising nicely lately so HGH's SP is highly likely to follow. Sounds ridiculous but the historical correlation between the two provides startling evidence over a very considerable period of time supporting this rather bizarre proposition.
Some of the American banks had a huge night overnight on Wall St, who knows, maybe HGH spending time in the doldrums,is nearly at an end.