HGH - Heartland Group Holdings

[Timesurfer]

[QUOTE=percy;
ps.It is not The Crusty kids' money.It is their parents.[/QUOTE]

I have to agree. It is better to use your equity than to see out your retirement in poverty.
However, you also have to consider that it doesn't neccessarily have to be Mr & Mrs Crusty eating away the equity in their forever home.

This model is also suggested to property investors with a portfolio of properties. Take the increase in equity out on one house a year to fund retirement. Assuming properties double in value every 7 years it should self fund. If the market crashes catastrophically you might want a plan B. And shares in the banking industry might not be it? Not that I am predicting that kind of global market failure.

[percy]

I have to agree. It is better to use your equity than to see out your retirement in poverty.
However, you also have to consider that it doesn't neccessarily have to be Mr & Mrs Crusty eating away the equity in their forever home.

This model is also suggested to property investors with a portfolio of properties. Take the increase in equity out on one house a year to fund retirement. Assuming properties double in value every 7 years it should self fund. If the market crashes catastrophically you might want a plan B. And shares in the banking industry might not be it? Not that I am predicting that kind of global market failure.

A few years ago SCOTTY did the same exercise, and came to the same conculsions as you.
Good analysis.

[Beagle]

Looks like it was the Australian tax loss selling that smacked it down to $1.70 last Friday. Those cunning enough to get some off our Australian friends appear to have done rather well

[Benny1]

Looks like it was the Australian tax loss selling that smacked it down to $1.70 last Friday. Those cunning enough to get some off our Australian friends appear to have done rather well

Have to try and remember that little trick for next year !

[Snoopy]

Looks like it was the Australian tax loss selling that smacked it down to $1.70 last Friday. Those cunning enough to get some off our Australian friends appear to have done rather well

Given that:

1/ Heartland is not listed in Australia AND
2/ There has been no announcement to the stock exchange on any Australian based company selling AND
3/ There appear to be no Australian based shareholders in the top 20 largest shareholders at the last balance date

I wonder how you reached the conclusion that 'Australian Tax Loss Selling' has been responsible for the drop in share price?

SNOOPY

[winner69]

HBL - Market Update

Jeff saying full year $70m after all

No ...just the date when they will announce something

Bugger

[waikare]

HBL - Market Update

Jeff saying full year $70m after all

No ...just the date when they will announce something

Bugger

For those who are wondering. Full year results released 15 August

[suse]

just recalling Heartlands commitment to diversity and maori. Just noticed this on the end of an email from ANZ today
Tō ao, na tō Ara – Kei te whakanui a ANZ i Te Ao Māori.
Your World, Your Way – ANZ is supporting all things Māori

[Beagle]

Given that:

1/ Heartland is not listed in Australia AND
2/ There has been no announcement to the stock exchange on any Australian based company selling AND
3/ There appear to be no Australian based shareholders in the top 20 largest shareholders at the last balance date

I wonder how you reached the conclusion that 'Australian Tax Loss Selling' has been responsible for the drop in share price?

SNOOPY

Certain Australian investors can claim a tax deduction for losses incurred on their share portfolio but they must be sold on or before end of financial year, (which for them is 30 June, last day of trading here 29 June). Given the shares were north of $2.10 six months ago its quite conceivable that some investors decided to crystalize their loss and claim the loss back. Its just a theory Snoopy, could just be coincidence it got smacked down to $1.70 on the last day of the financial year for Australian investors.

On a brighter note I see the American banks had a big day on Wall Street. Maybe seeing as HBL has done a fair bit of "work" in the low 170's it's built a base here and we can look forward to brighter days ahead, what with the company reporting next month ? Cheap PE stocks not exactly in vast abundance on the NZX are they !

[winner69]

Small is beautiful. ...and I’ll leave it to others to point out the wow NIM

KPMG's quarterly financial institutions performance survey showed small locally-owned banks have expanded their loan books at a faster pace than the big four Australian-owned lenders and state-owned Kiwibank, with Heartland, SBS Bank, and TSB all logging double-digit expansion in the year through March.

(From sharechat)