Originally Posted by
percy
New channels.
Heartland said they would open new channels.They are certainly doing this with I-finance and Harmoney.
As with any new business there will be success and failures.The directors will have viewed management's proposals,and set boundaries.
I expect Hearland will build on their successes and cut their losses.With not a "huge" amount at risk it is positive that HNZ are exploring these new channels.
REL.It would appear to be a great business with excellent margins and security,that is not expanding as quickly as we [or management]expected.Hopefully new channels and more promotion will be successful.It may be a sleeper,but long term I think the prospects are greatly improved by Australasia's rapidly growing "property rich,cash poor" aging population.