sharetrader
  1. #11871
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    Noticed in ASB's result yesterday that provisioning for delinquent loans is up 73% to $45m for the half year. Hope that's not a sign for HGH's provisioning...
    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

  2. #11872
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,737

    Default

    Quote Originally Posted by Beagle View Post
    Noticed in ASB's result yesterday that provisioning for delinquent loans is up 73% to $45m for the half year. Hope that's not a sign for HGH's provisioning...
    No ...Heartland not exposed to residential lending or dodgy business lending

    But you knew that
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #11873
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    Quote Originally Posted by winner69 View Post
    No ...Heartland not exposed to residential lending or dodgy business lending

    But you knew that
    Yeap, all that no deposit unsecured lending to Harmoney is super safe...what could possibly go wrong lol
    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

  4. #11874
    Member
    Join Date
    Oct 2015
    Posts
    346

    Default

    Quote Originally Posted by winner69 View Post
    I make no comment about three legged mange and flea invested pig dogs....but a piss poor ‘investment’ / punt over the last year or so....still in downtrend from the highs of over 2 bucks in spite of all this being cheap as talk.
    Agreed, but does this not go to the heart of 'buy and hold' versus trade? It is now at the level where I first bought in (November 2015). Over that time I watched it rise to $2.14, then start a long decline at the start of 2018. I do remember people expressing nervousness in December 2017 when it reached $2.14, and at least one regular here who I respect greatly selling out completely at this time.

    I subsequently sold out (far later than I should have, but hey I'm still new at this!), and have now started buying back in at virtually the same price I paid three years ago. Time will tell whether I have picked the bottom correctly or not I guess ...

  5. #11875
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,696

    Default

    Yep theres traders who worry away every day micro managing and itching and biting and worrying and theres Investors who ride out the cycles and cruise through it all totally confident in the company and management, easy as..

  6. #11876
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362
    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

  7. #11877
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,737

    Default

    Thanks for posting

    All makes Heartland stronger in OZ .....and 80% of the market still available to them ....and 20,000 Aussies getting ‘old’ every month ...wow
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #11878
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    http://www.scoop.co.nz/stories/HL190...e-bastards.htm Fair bit of talk there about how the watchdog failed to bark.
    Should have appointed a Beagle who never suffers from that problem lol
    Seriously...some of those Aussie banking practices are shocking !
    Just as well HGH not in the line of fire and with a similar PE to the Aussie banks and not liable for massive fines like them then HGH does seem to me to be at the very least, good value at present. Forward PE about 11 and gross yield assuming 9.5 cps this year (13.2 cps gross) 9.5% at present.
    I wonder why they are still languishing ?...those numbers look pretty good to me.
    Last edited by Beagle; 07-02-2019 at 12:09 PM.
    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

  9. #11879
    On the doghouse
    Join Date
    Jun 2004
    Location
    , , New Zealand.
    Posts
    9,221

    Default A momentous announcement that will explain all....

    Quote Originally Posted by Beagle View Post
    Just as well HGH not in the line of fire and with a similar PE to the Aussie banks and not liable for massive fines like them then HGH does seem to me to be at the very least, good value at present. Forward PE about 11 and gross yield assuming 9.5 cps this year (13.2 cps gross) 9.5% at present.
    I wonder why they are still languishing ?...those numbers look pretty good to me.
    This really should have gone through the stock exchange first as the effect on the share price will be so profound. But I thought you guys on the forum deserve this heads up. The reason why the HGH share price is languishing is that as of earlier this week .... drum..roll....Snoopy has become ..."a Heartlander"!!!! Yes folks it is really true. All my concerns about the operational issues at Heartland remain. But at a price under $1.40, even if my worst fears come to pass - and Australian Reverse Equity business chokes, - then that circumstance is built into the share price already. I think the digital initiative has legs and I will look forward to following in the footsteps of Geoff and Jeff going forwards from here. So far this is only a foot in the water exercise. My plan was to buy in and wait for the share price to fall (that is what usually happens when I buy into a company for the first time) and buy a bigger stake after that -heh heh heh. But the plan has gone wrong because the share price hasn't collapsed! I think that given my circumstance you existing shareholders are lucky the share price is sticking where it is!

    SNOOPY
    Last edited by Snoopy; 08-02-2019 at 07:38 AM.
    Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7

  10. #11880
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    OMG.
    SELL,sell,SELL.
    "The end is nigh"....!!......lol.

    ps.Welcome.You are now "well positioned".
    pps.Interim result 19th Feb,should confirm they are delivering on their strategy..
    Last edited by percy; 08-02-2019 at 07:54 AM.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •