Congrats but I think the question has to be asked. Did they deliberately put out disingenuous information and then short the shares to make a quick 10% over the last two days
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Interesting that the HGH announcement was classified as '' not price sensitive''
I would suggest that it is exactly the opposite.
Love this bit from Heartland’s announcement — “Heartland Group Holdings Limited could potentially raise debt, and use the proceeds to subscribe for new Tier 1 capital in Heartland Bank Limited. "
Yep, real financial engineering to circumvent the intent of the RB is indeed possible ...questionable?
You know you want to switch out of your low 17% growth underlying profit company into a greyhound that's growing at triple the rate. Be quick or be disappointed :)
Love the bit in Heartland's announcement where they said they can meet the new capital requirements simply through the dividend reinvestment scheme over the next five years. Talk about an easy bar to jump. Will be brutally tough for some banks though but that's their problem not HGH's !
Interesting times indeed. I think HGH REL holders wil be in an OK position They wil be capital rich and can afford any increase in interest rates and they will still have access to a REL due to HGH's low equity requirement.
The people I am very concerned about are those that bought property with a bank mortgage when the market was at a high. Taking a flattening / reducing property market will push people closer to negative equity. Add in increased costs of servicing that debt - well things are potentially going to get very ugly.
The Aussie house market is down 10% which is worrying
At the moment it is only a consultation paper seeking out public views on proposal to increase min level of regulatory capital.
Cut off end of March, so the uncertainty will drag on for months.
I said I would not buy any more HGH.
However, I changed my mind and brought a few more for myself as a Christmas present today.
Only present I know that will keep paying me fully imputed divies,and if a couple of brokers' forecasts are right, they will be increasing divies.!
Can you explain why there is "no affect" [sic], i.e. nothing zip nada effect, on HGH REL lending regardless of the market valuations on the property that the punters converting to REL are exposed to? I think you're pushing the boat out a bit far here, but still keen to understand why you think that the market valuations of ones residential property have no effect on a conversion to a REL.