HGH - Heartland Group Holdings

[percy]

Didn’t have one of those red flag ‘Price Sensitive’ things .....need one of those when Jeff says profit going to be $70m odd

Agreed...................

[dabsman]

I met a one-legged Asian girl once in Cambodia - shall I get her CV?

[percy]

QUOTE=dabsman;700895]I met a one-legged Asian girl once in Cambodia - shall I get her CV?[/QUOTE]

Said her CV to Winner69.
Sure his mate at Co-Op Bank will be excited to employ her.

[Oliver Mander]

A quote from Chris Lee's "Taking Stock" (published Jan 25th).
Link to wider article: https://www.chrislee.co.nz/taking-stock

He obviously does not think much of HBL as a "quality" issuer...

WHEN Fisher & Paykel Finance was sold to an Australian fund manager NZ investors in finance company debentures were left with a realistic menu of one.
The remaining option for those who use tap issues from finance companies was one – UDC Finance.
Then the owner of UDC, the ANZ Bank, announced it had sold UDC to a Chinese conglomerate (HNA), with an airline base.
Then there were none.
However the ANZ/HNA deal was never consummated and UDC now reverts to being at least temporarily available, hopefully until someone, like Heartland Bank, buys the book at a banker’s price, rather than an entrepreneur’s price.
After that there again would be none, if one categorises as ‘’useable’’ only those companies with long histories, strong shareholders and credit ratings (preferably).

[minimoke]

A quote from Chris Lee's "Taking Stock" (published Jan 25th).
Link to wider article: https://www.chrislee.co.nz/taking-stock

Chris who?

Got to the part about Alan Hawkins before nodding off. Great bloke - made me loads out of Equiticorp in the day - got me securely on the housing ladder at the time. With the obvious rider "You've got to know when to hold 'em. Know when to fold 'em"

[percy]

A quote from Chris Lee's "Taking Stock" (published Jan 25th).
Link to wider article: https://www.chrislee.co.nz/taking-stock

He obviously does not think much of HBL as a "quality" issuer...

[FONT="]WHEN Fisher & Paykel Finance was sold to an Australian fund manager NZ investors in finance company debentures were left with a realistic menu of one.[/FONT]
[FONT="]The remaining option for those who use tap issues from finance companies was one – UDC Finance.[/FONT]
[FONT="]Then the owner of UDC, the ANZ Bank, announced it had sold UDC to a Chinese conglomerate (HNA), with an airline base.[/FONT]
[FONT="]Then there were none.[/FONT]
[FONT="]However the ANZ/HNA deal was never consummated and UDC now reverts to being at least temporarily available, hopefully until someone, like Heartland Bank, buys the book at a banker’s price, rather than an entrepreneur’s price.[/FONT]
After that there again would be none, if one categorises as ‘’useable’’ only those companies with long histories, strong shareholders and credit ratings (preferably).

I read it differently.
After UDC is sold there will be no quality "FINANCE" company issuer.
I would also point out that Chris Lee's company have been strong supporters of Heartland Bank.Michael Worrington is a shareholder,and I am sure Chris Lee and Kevin Gloag are also shareholders.Kevin Gloag has followed Heartland very closely.
I seem to remember Chris Lee thought it was a great idea to merge Heartland,UDC and TSB.?

[Oliver Mander]

Ahhh..."Finance" company. That makes more sense, thanks percy. (Note to self: Must. Get. Better. Brain.)
Yes, I had thought that they were supporters of the consolidation that formed HBL in the first place...hence the comment piquing my interest.

[percy]

Would a kind poster please post the link to www.Chrislee.co.nz taking stock.
His view on Heartland remains positive,and has interesting thoughts on HBL/UDC.

[winner69]

Ahhh..."Finance" company. That makes more sense, thanks percy. (Note to self: Must. Get. Better. Brain.)
Yes, I had thought that they were supporters of the consolidation that formed HBL in the first place...hence the comment piquing my interest.

https://www.chrislee.co.nz/taking-stock

[suse]

half year announcement due today... hopefully we are still "well positioned" as percy would say.