No worries here JT
Only limited top ups to pensions and to be taken in cash .....no lump sums that are the attraction of a proper HER scheme.
Printable View
Thanks w69; for some reason i missed percys response saying much the same.The plus is less competition!
Less competition generally leads to more business at higher margins and they already have strong growth. Hmmmmm
No question that this part of the business is looking very rosy and exciting. The growth requires a lot of cash. That borrowing and meeting the potential new RBNZ liquidity requirements will require very careful balance sheet management. Personally I think suspension of dividend should be one of the many options considered but realise this will not happen. But maybe they could raise the DRP discount a little more to entice us SH further to sign up for it !
Heartland already has a banking facility with cba bank for its reverse mortgage book so why not a little more and take cba reverse mortgages off their hands....over the years as cba has less repverse mortgages left the cost to administer these will In crease so why not on sell to heartland now
My rating BBB+, Beagle Busy Buying :)
Dairy prices rising nicely lately so HGH's SP is highly likely to follow. Sounds ridiculous but the historical correlation between the two provides startling evidence over a very considerable period of time supporting this rather bizarre proposition.
Some of the American banks had a huge night overnight on Wall St, who knows, maybe HGH spending time in the doldrums,is nearly at an end.
i have been looking through Heartland's lending to industry sectors (AR2018 Note 18c) and noticed an inconsistency between the business done in the 'Finance and Insurance' Sectors in FY2017. In the FY2018 report $64.286m from the finance and insurance business has apparently been reclassified from 'Finance & Insurance' to that catch all net of 'Other'.
HBL (FY2017) from AR2017 HBL (FY2017) from AR2018 Agriculture Forestry & Fishing: $836.977m (21.3%) $836.977m (21.3%) Mining: $19.006m (0.5%) $19.006m (0.5%) Manufacturing: $76.445m (1.9%) $76.445m (1.9%) Finance & Insurance: $395.804m (10.1%) $331.518m (8.4%) Retail & Wholesale Trade: $188.941m (4.8%) $188.941m (4.8%) Households: $1,717.407m (43.7%) $1,717.407m (43.7%) Property & Business Services $347.776m (8.8%) $347.776m (8.8%) Transport & Storage: $179.016m (4.6%) $179.016m (4.6%) Other Services: $169.867m (4.3%) $234.153m (6.0%) Total $3,931.239m (100%) $3,931.239m (100%)
I wondered if any reader could explain why $64.286m worth of finance and insurance business suddenly disappeared into another box? Heartland is a finance company after all. And if they can't decide what part of their business lending is classified as 'finance', that has to be a worry!
SNOOPY
https://go.harmoney.com/rs/915-LSX-1...ekRCSWp5In0%3D
Harmoney put out an interesting guide to buying a car - this bit struck a chord with me.
If money was no concern, we’d all buy new cars - aside from that enticing new car smell, driving a new car means enjoying the latest in automotive technology and (in theory) years of hassle-free motoring. In reality, these advantages are probably overstated
One new car I have bought in the last 20 years had no issues and I remember it fondly. The rest all had at least one issue and the current one...oh dear !
It seems to me that buying a new car or shares off private equity firms in the Chinese year of the dog is likely to end you up with the buyer owning puppies.
Chinese year of the dog ends on 4 February...maybe OCA shares and my other pup will come good shortly thereafter...
Motor vehicle lending is a good sector to be in.