C'mon now snoops, Percy isn't the only one keeping positive - I wouldn't call it faith as we are well informed. I am pleased with the result, Jeff and his team have done well considering their ambitions remain high and the markets are challenging!
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C'mon now snoops, Percy isn't the only one keeping positive - I wouldn't call it faith as we are well informed. I am pleased with the result, Jeff and his team have done well considering their ambitions remain high and the markets are challenging!
Craigs like HGH too,moving them to "overweight".
They see the dividend raising to 12 cps in 2024.,....12.5cps in 2025 and ,.......13.2 cps in 2026.
FY23 was the year that the reality of writing reverse mortgages hit operating cash flow severely.
So-called 'changes in operating assets and liabilities' puts them back into positive. A nice banking accounting trick.
But compare net operating cash flow before changes in operating assets and liabilities to FY22 and the pressure the reverse mortgage business is putting on the company is obvious.
Luckily, they got a share issue away for $193m.
For those interested NTA at June was $1.09 per share …… was $1.16 two years ago
Just as well market doesn’t use NTA as a valuation metric
The most worrying aspect of the Heartland Results comes when I hover my mouse over the front page of the presentation and I get a little pop-up as below.
Attachment 14732
Maybe an AI thing?
Jeff is apparently, "a person in a suit" and Andrew is "a person in a white shirt"
That pop up could be an accessibility feature. Was there a photo or illustration on that page?Sometimes they add these on websites and they are read out loud by the software for people who are blind or have impaired vision. Generally used to describe what is in photos or other graphics.