3.55% for 5 years
HGH will do well out of that.
Who invests at that rate.?
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3.55% for 5 years
HGH will do well out of that.
Who invests at that rate.?
Nice run up on SP, hope you’re also on board, this is one of those TA gifts that I have to admit the FAs saw a tad earlier than moi, but healthy gains already and a divi on top. All good for the meantime.
Look forward to the SP ascending back above the capital raise in 2017 @ $1.70 and the highest DRIP to date @ $1.77 in April 2018 - 1 year ago.
Long may the SP appreciation continue.
Some notes from tonights HGH presentation.
Thank you Hobson Wealth.
Presenters Jeff Greensalade CEO HGH,and Chris Flood CEO Heartland Bank.
Motor vehicle lending.The 16% increase in motor vehicle lending was mainly because new car frachises promoted lending on new cars,ie one third now,one third in a year's time and one third in 2 years time.Therefore the average size loan increased from $18,000 to $23,000 and the loan security improved.Main dealerships are Holden and Jaguar/Land Rover.HGH are talking to other new vehicle franchises.
Equity ratios.We know Heartland Bank will require approx 15% .To make that up HGH can top that up.HGH equity ratio.To maintain their Credit rating HGH will most probably maintain approx the current level,ie approx 13% plus.
Business lending.Open for business growing strongly.Large business loans being replaced by more smaller loans.Again reducing risk.
General impairments must be taken at the beginning of each loan [up front],therefore a growing business such as HGH will show higher impairments,however this does not work out as higher actual realised loan losses.[same for TRA].
Revervse Equity Loans.HGH are still sourcing more long term funding arrangements.REL TV advertising in Australia is set to start in July.Jeff Greenslade sees still great potential in this growing market for HGH.HGH will be the only "major" REL business in Australia actively promoting RELs.
Capital Gains Tax.Should this come into force HGH see more capital retained in the home,and the home retained longer, which will see more people using RELs to access capital.
Both Jeff Greenslade and Chris Flood were very open and relaxed,and answered questions fully.
No mention was made of cows,milk fat price or any breed of dogs,which meant it was a pleasant informative presentation...lol..
Thanks for the update percy. Did any in the audience say thank you for doing such a great job and how much they appreciate the reversal of the SP recently, alongwith the sustained divi's and DRP with a discount. HGH are looking after their investors, it would be nice to know HGH know that, and that the investors appreciate it. Sorry I couldn't attend.