HGH - Heartland Group Holdings

[pierre]

Could be a leak from earlier today - did you think of that?
Could have leaked days ago - did Baa Baa think of that?

Tomorrow trader_jackson will present his homework and Baa Baa will, hopefully, have recovered from whatever it is ails him.

Best Wishes
Paper Tiger

Leaks? Really? In the NZX market? Surely not!
Jusqu'a demain
Pierre

[Snow Leopard]

Leaks? Really? In the NZX market? Surely not!
Jusqu'a demain
Pierre

Bien sur, je pense que c'est tres improbable.
Mais, qu'est ce que je sais.


Il ya beaucoup de peuple Francais dans l'est de Nouvelle-Zelande?

Meilleurs voeux
Paper Tiger

PS Apa kabar?

[winner69]

Kuala Lumpur = Muddy Estuary

So now HNZ has expressed an "interest" in spending nearly $7m for 20% "subject to completing initial due diligence satisfactory to it".

But wait there is more...

"interested in an acquisition of all of the shares of MTF, subject to completing more fulsome due diligence and reaching agreement with the MTF Board on an acquisition process".

So don't sell to Turners for $1.15 because we may buy them for $1.50 or not.

And who says finance is not fun?

Best Wishes
Paper Tiger

That's exactly what it says PT

Small commitment of $7m at this stage - piddling amount to have a bit of fun.


But lets not forget the big picture. Heartland obviously want MTF so this is just the start.

Heck what will growing the loan book by a few hundred million in an EPS accretive acquisition that also increases ROE do to the share price.

The time to be buying Heartland is now - before it all happens and the share price gets its inevitable boost. May never be $1.20 again

[Harvey Specter]

Well rereading HNZ's announcement,I hardly think Turners offer will gain any traction.

But a bird in the hand ($1.15) is worth more than two in the bush ($1.50 subject to due diligence).

[iceman]

But a bird in the hand ($1.15) is worth more than two in the bush ($1.50 subject to due diligence).

That is very true HS, particularly with the uncertainty of the outcome from the Sportzone case. But I think HNZ have done a good job and as much as they can for now, to decrease the risk/annoyance of Turners getting a blocking stake.

For the car dealers, I am sure HNZ is a much more exciting partner in MTF than their competitor Turners

[RTM]

Don't Turners potentially do quite well by throwing in the towel and selling any shares they may have acquired already to HNZ ?

[iceman]

Don't Turners potentially do quite well by throwing in the towel and selling any shares they may have acquired already to HNZ ?

Well I suppose they could by selling the small holding they had in MTF before they made the recent offer. But now with HNZ having made an alternative offer, if I understand this correctly, any SH that may have accepted Turners offer have a "cooling off period" in which they can change their mind.

[pierre]

Bien sur, je pense que c'est tres improbable.
Mais, qu'est ce que je sais.


Il ya beaucoup de peuple Francais dans l'est de Nouvelle-Zelande?

Meilleurs voeux
Paper Tiger

PS Apa kabar?

Im denda terima kasih.

A votre santé.

What would we do without Google Translate?
Pierre

[Beagle]

Suddenly HNZ are able to value MTF notwithstanding the fact that we don't know the outcome of the supreme court decision which could fundamentally alter the value of MFT ?
How is that being prudent with shareholders money ?

[Harvey Specter]

Suddenly HNZ are able to value MTF notwithstanding the fact that we don't know the outcome of the supreme court decision which could fundamentally alter the value of MFT ?
How is that being prudent with shareholders money ?

The offer is conditional on DD (ie the court case) unlike Turners which is unconditional. Basically they have floated a high offer out there to stop holders taking Turners offer, knowing they can reduce the offer if the court case is unfavorable. If they didn't do this, Turners would get a blocking holding and it would be all over.