HGH - Heartland Group Holdings

[percy]

We must remember analysts are only "the paid help".
They are not investors, and have no "skin in the game,"so their views lack conviction...……………...lol.

[Beagle]

We must remember analysts are only "the paid help".
They are not investors, and have no "skin in the game,"so their views lack conviction...……………...lol.

$2.50 any day now eh Percy

[percy]

Counting down to the 21st September.....About 25 days to go,or just 3 weeks this Friday..
5.11% net yield and increasing yearly,means I remain "well positioned."
10cps fully imputed divie is my next milestone
$2.50,then $3.00 all will be passed at some stage, on the way to $5.00......lol.

[winner69]

Counting down to the 21st September.....About 25 days to go,or just 3 weeks this Friday..
5.11% net yield andincreasing yearly,means I remain "well positioned."
10cps fully imputed divie is my next milestone
$2.50,then $3.00 all will be passed at some stage, on the way to $5.00......lol.

No payrise this year ...hmm

[percy]

No payrise this year ...hmm

Make us appreciate next interim divie increase [when they announce it] more.!..lol.

[Marilyn Munroe]

The Australian Securities and Investments Commission have warned Heartland Seniors Finance among others offering reverse mortgages to not be bastards towards elderly underarm bowlers.

https://www.smh.com.au/business/bank...28-p5007y.html

Boop boop de do
Marilyn

[percy]

The Australian Securities and Investments Commission have warned Heartland Seniors Finance among others offering reverse mortgages to not be bastards towards elderly underarm bowlers.

https://www.smh.com.au/business/bank...28-p5007y.html

Boop boop de do
Marilyn

As we know Heartland's RELs in NZ have the backing of Consumer NZ.So no "bastards" or "underarm bowlers" in the team,which will position them well with Australian regulators.Most probably set the standard.
The Australian Government is letting retirees take out RELs,with the draw down being added to their weekly pension payments.So they are promoting RELs,but with no lump sum draw downs.This will add awareness to retirees of RELs, and will see the whole market for RELs grow substantially.
HBL Seniors, and other providers of RELs, offer lump sum draw downs,so I expect the market will expand for them.

[ziggy415]

As we know Heartland's RELs in NZ have the backing of Consumer NZ.So no "bastards" or "underarm bowlers" in the team,which will position them well with Australian regulators.Most probably set the standard.
The Australian Government is letting retirees take out RELs,with the draw down being added to their weekly pension payments.So they are promoting RELs,but with no lump sum draw downs.This will add awareness to retirees of RELs, and will see the whole market for RELs grow substantially.
HBL Seniors, and other providers of RELs, offer lump sum draw downs,so I expect the market will expand for them.

I wonder what westpack and macquarry will do with their old rel,s now that there not taking on any new ones...probably looking for someone to buy them off them......hmmmm....wonder who

[percy]

May help to explain why Heartland are moving to their new structure so quickly.

[Beagle]

Quite surprised the REL business is so small compared to normal home loans. MASSIVE scope for growth in the years ahead I reckon.
Saw an interesting survey yesterday that claimed one third of American's had less than $5K saved for retirement and the average was only $84K and that's including their tax efficient 401K savings programs. Probably similar figures in Australia with plenty of baby boomers looking to tap into the equity in their houses to maintain a reasonable lifestyle in retirement.

Had another look at the look through the near term dividend and what's the yield investment case going forward today.
$1.74 less 5.5 cents back shortly = $1.685 invested on an FY19 investment case basis.
Assume some growth in divvy this year, surely they won't be so mean as to keep it the same again, say 9.5 cps this year fully imputed as always.
9.5 / 0.72 = 13.1944 cps gross / 168.5 = 7.83% gross yield.

Key point of difference with this one as compared to some other yield investment cases is their ability to steadily grow the dividend over time. Pretty solid investment case on a yield basis with low interest rtaes forecast for the foreseeable future. Trading in line with its peer group on a PE basis.