HGH - Heartland Group Holdings

[Beagle]

As your wealthiest client will tell you, the figures do not tell the whole picture.
Failure to look beyond eps growth for one period is dangerous.HBL's growth remains intact,and is well ahead of its peer group.Well ahead,because HBL do not carry their heavy baggage..
It was a good result,sound ground work is now producing the results,with plenty of growth opportunities to come,from both NZ and Australia.
.

He doesn't like HBL at the current price either.
BEN growing profit at ~ 10%, growing EPS well and on a PE of just 11.7 https://www.asx.com.au/asxpdf/201802...jgpqyb80dx.pdf
HBL Shareholders have had a VERY good run with the substantial PE expansion in recent years.

[beetills]

No hint of UDC that I can see in there.

Still interested according to Interest.co.nz.
Capital raising would be required.
No sale process at the moment.

[percy]

He doesn't like HBL at the current price either.
BEN growing profit at ~ 10%, growing EPS well and on a PE of just 11.7 https://www.asx.com.au/asxpdf/201802...jgpqyb80dx.pdf
HBL Shareholders have had a VERY good run with the substantial PE expansion in recent years.

BEN .Take care low mim and large residential loans.
REL lending is safer and has better margins..

[winner69]

MAYBE RERATING BACK TO MORE REALISTIC MULTIPLES UNDER WAY

This cyclone makes me bored and Heartland announcement wasn't that good so as the rain tumbles down (wind to get up to cyclonic proportions later today they say) I updated a few things

Suppose this updated chart is a waste of time and utter nonsense but anyway it suggests that the Heartland Price Book ratio could be reverting to more normal levels associated with banks in Australia.

At a P/B of 1.4 the share price would be about $1.60

Still haven't made my mind up whether to sell yet but finding it hard to find a compelling reason not to. Higher the multiple the lower the future rerurns they say

All prety stupid eh .... but I like it anyway

[winner69]

Quiet an interesting article ...but you need to have an open mind with no prejudices to enjoy

https://aeon.co/ideas/why-hiring-the...eative-results

Why hiring the ‘best’ people produces the least creative results

I'm sure Heartland had the 'best' people to build their online platform and in the minds of those people they probably created the 'best' platform ever ....but for ordinary people (customers) like me its not very good and doesn't serve its purpose because I need to use a phone to get something done.

[SCOTTY]

I think that this sharechat articale is far more interesting than the negative comments on this site today: http://www.sharechat.co.nz/article/d...-improves.html

[winner69]

I think that this sharechat articale is far more interesting than the negative comments on this site today: http://www.sharechat.co.nz/article/d...-improves.html

Yep ...like the $68m profit bit

Beagle wasn't impressed with this article when he posted the link earlier

[Brain]

Market Cap Westpac 110 billion $
Market Cap HBL. 1.0 billion $

I think that The big banks have sod all chance of growing as fast as HBL

My view is that HBL are really just starting out. Still wearing short pants. They are still young and nimble.

[minimoke]

Market Cap Westpac 110 billion $
Market Cap HBL. 1.0 billion $

I think that The big banks have sod all chance of growing as fast as HBL

My view is that HBL are really just starting out. Still wearing short pants. They are still young and nimble.

I had a look at eh Reverse Mortgage calculator the other day. It looks like they will give you 10 - 15% of property value at 7.8% Which seemed ultra conservative and expensi to me. I'd go 80% at 5.5% - but then I'm not a banker. Must be loads of opportunity for growth just there.

[percy]

Market Cap Westpac 110 billion $
Market Cap HBL. 1.0 billion $

I think that The big banks have sod all chance of growing as fast as HBL

My view is that HBL are really just starting out. Still wearing short pants. They are still young and nimble.

Think I may have to drop "well positioned" for "young and nimble"....lol.