HGH - Heartland Group Holdings

[bull....]

no wonder the share price has performed dismally cant even get a webcast right

[percy]

Percy, I think the whole restructuring thing is aimed at growth without new share issuance and the wind back of lower margin resource intensive large business and dairy lending to concentrate on higher areas of NIM lending where they have a unique competitive advantage gives me comfort that mid single digit EPS growth going forward is highly likely.

I am sorry I had to go out and help a family member so missed the web cast until 10 past 11.
Do not know whether anyone asked about eps growth.?

No I think they are up front about Australian growth driving the restructure,driven mainly by RELs,although they see other opportunities too.

They have been looking to lower their exposure from large loans, where they have competition from the major banks, to a lot of smaller loans.
So rural lending, including dairying, is now focused on livestock.
The out come of this, is as you point out, better margins,but I like the facts they lower their risks, and can recycle funds quickly,as the loans are for shorter terms..
Interesting were Chris Floods comments about motor vehicle lending.Still an active market,with much better quality lending ,with few poor loans.[TRA should be the same].

[davflaws]

(with the stated aim of pushing into Australia I look forward to an AGM introduction in Aborigine next year). Heres a draft for them. https://about.curtin.edu.au/who/aboriginal-welcome/

No - that welcome would only be appropriate coming from one of the locals welcoming visitors to a particular site. Just as the mihi you quoted was specific to a particular site.

[minimoke]

No - that welcome would only be appropriate coming from one of the locals welcoming visitors to a particular site. Just as the mihi you quoted was specific to a particular site.

I'm anticipating, on the passing of the resolution, a "hybrid" AGM in Australia at some point.

[winner69]

Suppose a morning AGM would have saved a few bob on the grog bill ....and probably reduced the numbers that attended.

[winner69]

I am sorry I had to go out and help a family member so missed the web cast until 10 past 11.
Do not know whether anyone asked about eps growth.?

No I think they are up front about Australian growth driving the restructure,driven mainly by RELs,although they see other opportunities too.

They have been looking to lower their exposure from large loans, where they have competition from the major banks, to a lot of smaller loans.
So rural lending, including dairying, is now focused on livestock.
The out come of this, is as you point out, better margins,but I like the facts they lower their risks, and can recycle funds quickly,as the loans are for shorter terms..
Interesting were Chris Floods comments about motor vehicle lending.Still an active market,with much better quality lending ,with few poor loans.[TRA should be the same].

Percy ...it’s on replay now

About 40 minutes in is question time

[Beagle]

Suppose a morning AGM would have saved a few bob on the grog bill ....and probably reduced the numbers that attended.

I hate it when people work out why I didn't attend lol.

When do we find out how the voting on the restructure went ?

[Benny1]

I hate it when people work out why I didn't attend lol.

When do we find out how the voting on the restructure went ?

Think it was supposed to be announced to the sharemarket today .
Been watching but nothing yet...

[percy]

[QUOTE=Beagle;729714]I hate it when people work out why I didn't attend lol.

Gone downhill.
4pm Friday afternoon was delightfull.?

[minimoke]

"

Heartland Bank Limited (Heartland) (NZX: HBL) is pleased to advise that all

resolutions put to shareholders at its Annual Meeting were passed."