Noticed in ASB's result yesterday that provisioning for delinquent loans is up 73% to $45m for the half year. Hope that's not a sign for HGH's provisioning...
Printable View
Noticed in ASB's result yesterday that provisioning for delinquent loans is up 73% to $45m for the half year. Hope that's not a sign for HGH's provisioning...
Agreed, but does this not go to the heart of 'buy and hold' versus trade? It is now at the level where I first bought in (November 2015). Over that time I watched it rise to $2.14, then start a long decline at the start of 2018. I do remember people expressing nervousness in December 2017 when it reached $2.14, and at least one regular here who I respect greatly selling out completely at this time.
I subsequently sold out (far later than I should have, but hey I'm still new at this!), and have now started buying back in at virtually the same price I paid three years ago. Time will tell whether I have picked the bottom correctly or not I guess ...
Yep theres traders who worry away every day micro managing and itching and biting and worrying and theres Investors who ride out the cycles and cruise through it all totally confident in the company and management, easy as..
http://www.scoop.co.nz/stories/HL190...e-bastards.htm Fair bit of talk there about how the watchdog failed to bark.
Should have appointed a Beagle who never suffers from that problem lol
Seriously...some of those Aussie banking practices are shocking !
Just as well HGH not in the line of fire and with a similar PE to the Aussie banks and not liable for massive fines like them then HGH does seem to me to be at the very least, good value at present. Forward PE about 11 and gross yield assuming 9.5 cps this year (13.2 cps gross) 9.5% at present.
I wonder why they are still languishing ?...those numbers look pretty good to me.
This really should have gone through the stock exchange first as the effect on the share price will be so profound. But I thought you guys on the forum deserve this heads up. The reason why the HGH share price is languishing is that as of earlier this week .... drum..roll....Snoopy has become ..."a Heartlander"!!!! Yes folks it is really true. All my concerns about the operational issues at Heartland remain. But at a price under $1.40, even if my worst fears come to pass - and Australian Reverse Equity business chokes, - then that circumstance is built into the share price already. I think the digital initiative has legs and I will look forward to following in the footsteps of Geoff and Jeff going forwards from here. So far this is only a foot in the water exercise. My plan was to buy in and wait for the share price to fall (that is what usually happens when I buy into a company for the first time) and buy a bigger stake after that -heh heh heh. But the plan has gone wrong because the share price hasn't collapsed! I think that given my circumstance you existing shareholders are lucky the share price is sticking where it is!
SNOOPY
OMG.
SELL,sell,SELL.
"The end is nigh"....!!......lol.
ps.Welcome.You are now "well positioned".
pps.Interim result 19th Feb,should confirm they are delivering on their strategy..