HGH - Heartland Group Holdings

[winner69]

I love how they refer to grant Kemble as having been a partner in a leading law firm. The Russell McVeagh taint 😀

And Chris Lee who loves Heartland won’t be too impressed ...hmmm

[percy]

Reading through his credentials...not much specific risk management experience leading up to this.

With such an experience executive team to help him,he will learn quickly.

[winner69]

At least RBNZ have said it’s all OK - no surprises there

[percy]

At least RBNZ have said it’s all OK - no surprises there

As you correctly pointed out -- no surprises there...lol.

[suse]

And Chris Lee who loves Heartland won’t be too impressed ...hmmm

Yeah I think I saw a stab a while ago at Geoff Ricketts also ex RMCV

[percy]

Yeah I think I saw a stab a while ago at Geoff Ricketts also ex RMCV

No surprises there either................lol,.

[winner69]

With such an experience executive team to help him,he will learn quickly.

.....but aren’t Chief Risk Officers meant to learn the rest of the executive team about risk things?

[percy]

.....but aren’t Chief Risk Officers meant to learn the rest of the executive team about risk things?

Maybe ,but the excellent experience team have been in the finance/banking sector for a long time.
You would be right to say "a proven team."

[Beagle]

Maybe ,but the excellent experience team have been in the finance/banking sector for a long time.
You would be right to say "a proven team."

A team that simply threw more money at dairy farmers and hoped the dairy crisis would end. They got lucky, simple as that.

Hope Jeff is onto this. Get the Lawyers working on the Scheme of Arrangement to
buy Agria's stake. Better be moving, the SP is dropping and that's bad when you'll
need a capital raise.

We saw an almost complete lack of support by institutions for the incumbent retirement players right before OCA was listed around this time last year and a woeful lack of support for some months afterwards as the huge capital raise sucked the wind out of the sector's sails quite a while. I think the same thing is playing out and a listing of UDC is highly likely this quarter and I think this is a very good quarter not to be a HBL shareholder and there's no dividends due this quarter to ease any potential unrealised or realised capital loss pain. I agree that the EPS growth of HBL is also somewhat underwhelming now compared to recent historical past. They've been crying wolf on making a takeover or acqusition for over two and a half years now and its come to nothing.

[beetills]

It maybe that once HBL sp hits a certain level,they may become a target themselves.
As far as UDC goes,they are only looking good because of the ANZ net.Once that goes i wouldn't touch them unless another Aussie bank supported them.Just my opinion.No expert.