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  1. #12331
    An Awesome Cool Cat winner69's Avatar
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    Quote Originally Posted by percy View Post
    Diary prices down the past three days.
    HGH share price up.
    Ha ha .....the correlation is not a day to day one ....it’s a long term one.

    Yes are correct in that Global Dairy Prices down again over night

    Prices seem to have peaked in this cycle......but current prices about 20% higher than the last low ...just like the Heartland share price. That’s spooky eh

    And even after today’s price ‘explosion’ the Heartland share price is still below where it was in April

    Hope the share price keeps going up in leaps and bounds....probably will seeing Beagle starting to talk about it again.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  2. #12332
    percy
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    Full moon was 17th June,
    Sort of explains things....lol
    Last edited by percy; 19-06-2019 at 04:44 PM.

  3. #12333
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    Quote Originally Posted by percy View Post
    Full moon was 17th June,
    Sort of explains things....lol
    Equinox on Sunday as well
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  4. #12334
    The Kid
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    Quote Originally Posted by winner69 View Post
    .
    Hope the share price keeps going up in leaps and bounds....probably will seeing Beagle starting to talk about it again.
    Well you won't hear him talking about it on this forum lol.

  5. #12335
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    Percy ...remember the run on the Countrywide Building Society

    https://croakingcassandra.com/2019/0...lding-society/
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  6. #12336
    percy
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    Quote Originally Posted by winner69 View Post
    Percy ...remember the run on the Countrywide Building Society

    https://croakingcassandra.com/2019/0...lding-society/
    No I had completely forgotten it.
    Had good dealings with them in 90s.
    National Bank,who we banked with,started charging a cash handling fee for deposits.
    At the time I was doing the banking etc for two Lotto shops,so it was a considerable amount.
    We moved to Countrywide because they waved the fee, as they said it saved them having to get cash delivered.
    Last edited by percy; 22-06-2019 at 03:15 PM.

  7. #12337
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    Quote Originally Posted by percy View Post
    No I had completely forgotten it.
    Had good dealings with them in 90s.
    National Bank,who we banked with,started charging a cash handling fee for deposits.
    At the time I was doing the banking etc for two Lotto shops,so it was a considerable amount.
    We moved to Countrywide because they waved the fee, as they said it saved them having to get cash delivered.

    I had C W as a tenant and this is what I was told by an executive of C W, a team from C W went over to the U K to discuss with Lloyds bank who owned National Bank the possibility of C W taking over National Bank, as discussions progressed N B floated the possibility of N B taking over C W, the team said to Lloyds yes that could be if there was a very substantial offer , the rest is history.
    C W was taken over by Nat Bank then a few years later ANZ took over Nat Bank and that is how ANZ comes to be N Z largest bank.

  8. #12338
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    Heartland secures another A$ 250M to fund the fast growing reverse mortgage business in Aussie

  9. #12339
    percy
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    Quote Originally Posted by iceman View Post
    Heartland secures another A$ 250M to fund the fast growing reverse mortgage business in Aussie
    Timely with HGH's Aussie REL TV advertising about to,or already,started.

  10. #12340
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    Quote Originally Posted by percy View Post
    Timely with HGH's Aussie REL TV advertising about to,or already,started.
    The full available figure is reported as $850 million but with only 18000 policies over 15 years that seems a rather large amount, unless your going to buy a ready made portfolio from someone else who decided not to offer that type of product anymore

  11. #12341
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    Quote Originally Posted by ziggy415 View Post
    The full available figure is reported as $850 million but with only 18000 policies over 15 years that seems a rather large amount, unless your going to buy a ready made portfolio from someone else who decided not to offer that type of product anymore
    Not sure how relevant the last 15 years numbers are. In the last couple of years 3 of the major competitors in Aussie have withdrawn from the REL business leaving Heartland as a major player. They have been growing this business in Australia by over 20% p.a. recently and are now starting a big advertising campaign to increase awareness even further and are well funded to to write more mortgages. Additionally, the Australian Government has made clear they see reverse mortgages as part of the future to deal with large numbers of people in retirement.
    We are well positioned :-)

  12. #12342
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    Quote Originally Posted by iceman View Post
    Not sure how relevant the last 15 years numbers are. In the last couple of years 3 of the major competitors in Aussie have withdrawn from the REL business leaving Heartland as a major player. They have been growing this business in Australia by over 20% p.a. recently and are now starting a big advertising campaign to increase awareness even further and are well funded to to write more mortgages. Additionally, the Australian Government has made clear they see reverse mortgages as part of the future to deal with large numbers of people in retirement.
    We are well positioned :-)
    with the property market having done so well in the medium term with so many aging owners rich with cashless equity this is going to be a fantastic option for lots of people. I agree this is a real gift on a platter for Heartland. Yes there will be paperwork challenges and regulatory diligence needing to be well attended to.
    I recall Snoopy saying this was a cashflow negative operation and at the end of the day cash flow was all that mattered but there must be good money to be made from usury at these higher rates (it seems that the market accepts higher rates than first mortgages even though the risk is actually a lot less due to very low LVR's involved).
    I am not super keen on Heartland though but am really keen on a reverse mortgage business in Australia!
    Last edited by peat; 02-07-2019 at 03:45 PM.
    For clarity, nothing I say is advice....

  13. #12343
    percy
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    Both you and Snoopy would better understand HGH's RELs should you read HGH's presentation of November 19th 2018.
    Some simple points,when comparing to standard mortgages.
    Shorter loan term length ,........Lessens risk.
    Lower LVR............................Lessens risk.
    Higher net margin...................More profitable.Better use of capital.
    Last edited by percy; 02-07-2019 at 05:40 PM.

  14. #12344
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    Quote Originally Posted by percy View Post
    Both you and Snoopy would better understand HGH's RELs should you read HGH's presentation of November 19th 2018.
    Some simple points,when comparing to standard mortgages.
    Shorter loan term length ,........Lessens risk.
    Higher LVR............................Lessens risk.
    Higher net margin...................More profitable.Better use of capital.
    Lower LVR I think you mean mate. Yes credit is recycled much faster in REL scenarios

  15. #12345
    percy
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    Quote Originally Posted by dabsman View Post
    Lower LVR I think you mean mate. Yes credit is recycled much faster in REL scenarios
    Thank you.
    I certainly got that wrong.!!!!
    Have altered my post.

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