HGH - Heartland Group Holdings

[winner69]

Jeff was pretty good Snoops but things started going down hill when he started using the adjusting/normalising trick to smooth profits and then went down the ‘legacy issues’ path

Adjusting/normalising to make profits look good ….legacy issues were stuff ups he didn’t get around to fixing.

Echos of Ross Taylor at Fletchers eh

Might look back to remind myself what happened to GE when the master of profit smoothing Jack Welch left and they reverted to proper reporting.

[Rawz]

Jeff was pretty good Snoops but things started going down hill when he started using the adjusting/normalising trick to smooth profits and then went down the ‘legacy issues’ path

Adjusting/normalising to make profits look good ….legacy issues were stuff ups he didn’t get around to fixing.

Echos of Ross Taylor at Fletchers eh

Might look back to remind myself what happened to GE when the master of profit smoothing left in Jack Welch left and they reverted to proper reporting.

You reckon the new CEO will come in and clean out any skeletons in the closet?

[winner69]

You reckon the new CEO will come in and clean out any skeletons in the closet?

Got to get through year ending June 24 first …no doubt a few/lot more ‘one offs’ will be forthcoming

And F25 will disappoint as Challenger integration will be much more difficult than first thought

Actual Reported NPAT in F22 was &95.1 and then $95.9 in F23 and Jeff says about $95m this year F24 but I betcha it will be <$90m and F25 won’t be nuch better and that’s before any big clean out you suggested might happen.

Pretty gloomy outlet eh