If there is a margin there,Jeff will be there.
No margin,no Jeff.
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Chris Lee likes Heartland in his latest newsletter today...excerptI think the residential floating mortgage thing is a fair call. They're probably awash with funds from their current offer of 3% on call which none of the other banks will match so there's a reasonable margin there for them to enjoy seeing as they're sticking to just the floating rate.Quote:
If you are a HBL lender (deposits) or shareholder I would encourage you to continue reading their press releases and presentations because they are in the midst of a reasonably dynamic second stage of their business strategy.
If only HBL could perform badly and have a growing share price of $72.50.
Assets of 219 million, a loss for 2016,and having to raise 3mil. Different side of the coin.
http://talkbusiness.net/2016/12/hear...tory-scrutiny/
Ticker symbol hlan
Crikey you scared me for a moment I thought you were talking about
Heartland Bank (http://www.heartlandbank.com/),
Heartland Bank (https://www.heartlandbanks.com/) or even
Heartland Bank (https://www.myheartland.bank/).
Best Wishes
Paper Tiger
Heartland share price couldn't break through 160 yesterday but global dairy prices up overnight so it'll shoot through that today. Its all honky dory, no worries here
Now that Jeff has moved away from disciplined growth to going anywhere where's there a buck to be made (under the guise of a digital strategy) the upside is enormous - blue sky stuff
I love it when Flood talks about billions of home mortgage lending - thats really step change stuff - as Flood says 'hugely transformational'
HBL are using digital cautiously on new products such as "open for business",partnering with others such as Harmoney and Spotcap on areas they want to be in,while using digital to expand existing areas of expertise,such as RELs,residential mortgages,livestock and motor vehicle lending.
All a very disciplined approach, which shareholders appreciate.
They will also very cautiously and digitally (of course) move into property developement,a niche area not serviced enough by the big banks,and through experience they know what it's like to have to hold property.
So they have the experience,and I'm thinking at least a billion,but only lending to those whom are not too concerned about searching for the cheapest deal.
Haha bubble hear we come.
This WILL be transformational!