Share price turned turtle after hitting 190
Hope not start of a downtrend.
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Share price turned turtle after hitting 190
Hope not start of a downtrend.
Interesting line in cash flow reconciliation is 'Capitalised Interest'
Amounts have gone from $2m in F15 to $25m in F16 to $32m in F17
I assume this is the interest charged on the home equity stuff waiting for the oldies to die (or move out)
An ever increasing amount .....and needing funding at ever increasing rates
Good eh
Poster on ''interest.co.nz'' says that'''profitablity in the 2017 financial year was driven primarily by growth in receivables,and impaired expenses increased'''
Not being financially intelligent is he right,wrong or just upset he doesn't have shares in HBL.
Talking if reverse mortgages
They increased by $39m in F16 (heartland preso)
And increased by $126m in F17
Wow - all that advertising paying off.
Agree that the serious traction in the Australian reverse equity lending book was a standout feature of the results presentation. Highly impressive gains in a very large market and its a niche area that's poorly served by the Australian banks. I'm thinking this will be a very lucrative high growth area going forward.
No worries, $2.00 in due course.
I'm starting to wonder if those huge net interest margins might be simply too tempting for one of the big Australian banks or BEN or BOQ especially with the huge momentum in the reverse home equity business in Australia. Can't rule out the possibility of a takeover. All those shiny new digital platforms with almost unlimited scalability for the larger banks...hmmm I imagine they could integrate HBL into their existing operations with little or no addition to overhead and get massive synergies from the combined operation and massive new business utilizing HBL's systems and architecture.... You'd be a brave person to short this stock that's for sure !