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19-12-2018, 10:08 AM
#11741
From todays announcment
"Heartland's Tier 1 capital ratio is currently approximately 13.2%. If the proposal was to be implemented in its current form, Heartland would be required to lift its Tier 1 capital ratio to 15% over a 5 year transitional period. This equates to an increase in Tier 1 capital of less than 0.4% (or approximately $15m) per year, based on Heartland's current financial position.
Following the recent corporate reorganisation, Heartland's new corporate structure gives it some flexibility to mitigate the impact of any future changes:
o Heartland's Australian reverse mortgage business (with approximately A$640m of assets) is not part of Heartland's banking group. Hence any new capital requirements will not apply directly to those assets.
o Heartland's corporate structure provides for various capital raising options. For example, Heartland Group Holdings Limited could potentially raise debt, and use the proceeds to subscribe for new Tier 1 capital in Heartland Bank Limited. "
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19-12-2018, 10:11 AM
#11742
(Assuming it was reported correctly), whoever at Maquaries said HGH would need to raise $1b in extra capital should be fired as in my opinion they have seriously undermined the credibility of their organisation.
Last edited by Beagle; 19-12-2018 at 10:13 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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19-12-2018, 10:17 AM
#11743
Originally Posted by Beagle
(Assuming it was reported correctly), whoever at Maquaries said HGH would need to raise $1b in extra capital should be fired as in my opinion they have seriously undermined the credibility of their organisation.
True, but thanks to them the market was really depressed. Bought some this morning at 136 ... and think I might owe them a beer ; time will tell ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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19-12-2018, 10:26 AM
#11744
Dam, all the panicking is over and I missed out on cheap shares... ah well
OCA still getting cheaper so might have to look there
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19-12-2018, 10:27 AM
#11745
Originally Posted by Beagle
(Assuming it was reported correctly), whoever at Maquaries said HGH would need to raise $1b in extra capital should be fired as in my opinion they have seriously undermined the credibility of their organisation.
This is surely worth a "please explain".
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19-12-2018, 10:27 AM
#11746
Originally Posted by BlackPeter
True, but thanks to them the market was really depressed. Bought some this morning at 136 ... and think I might owe them a beer ; time will tell ...
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
Last edited by Beagle; 19-12-2018 at 10:28 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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19-12-2018, 10:31 AM
#11747
Originally Posted by minimoke
This is surely worth a "please explain".
SSH from Maquaries coming??
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19-12-2018, 10:34 AM
#11748
Member
Interesting that the HGH announcement was classified as '' not price sensitive''
I would suggest that it is exactly the opposite.
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19-12-2018, 10:55 AM
#11749
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?
”When investors are euphoric, they are incapable of recognising euphoria itself “
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19-12-2018, 11:02 AM
#11750
Originally Posted by trader_jackson
Dam, all the panicking is over and I missed out on cheap shares... ah well
OCA still getting cheaper so might have to look there
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 !
Last edited by Beagle; 19-12-2018 at 11:05 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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