HGH - Heartland Group Holdings

[jimdog31]

Doesn’t stop them going back for more when they need it. As long as it all still stacks up well. Yes, I am surprised the share price has not responded more favourably as well.

I believe it will in the next few days

[Beagle]

Different crop up here Beagle !

Some people reckon that it gives you more of a lift than steak, sausages or watercress

[unhuman]

It hasnt done much to the share price.

Sharesies crowd mustn't be big into HGH.

Someone needs to go post some memes on their facebook page now that SKT is banned.

[thegreatestben]

Finding a bit of traction this afternoon, I'm expecting a modest/safe result on Thursday and no divvy.

[Baa_Baa]

Finding a bit of traction this afternoon, I'm expecting a modest/safe result on Thursday and no divvy.

It’s only the divvy that keeps this above water, with such a weak sp, testing my patience for sure. If I had any fortitude with this company maybe I should buy the yield now, but with the uncertainty over the divvy and the forthcoming depression, maybe quit now. Unsure 😐 I’ve never quit at a bottom and I don’t think heartland is going out of business, but it better show some resilience or I won’t be by myself at the exit. Cut your losses or buy the future, big call with heartland imo atpit

[Joshuatree]

Any local farmers got a bit of watercress growing on their farm that they don't mind you helping yourself too.
Steamed it comes out okay with a fair bit of salt and butter, or so I have heard

Farmers grow the biggest watercress in their drains and its all organically grown from cow pats and urine.Add a bit of butter to complete the virtuous circle, yum!

[Jantar]

No market update seems to confirm that the result will be in line with previous guidance. And the last guidance we did see specifically mentioned

"The prohibition does not prevent Heartland from paying dividends to its own

shareholders, and Heartland continues to consider whether it will pay any

final FY20 dividend. Heartland's decision will be announced at the time of

Heartland's FY20 results announcement. " I am expecting a result in the high $70s and dividend will be paid, although much reduced.

[Snoopy]

They have been working on it for some time.
A great deal for them.
Certainly backs the REL's growth potential.

Why are Heartland announcing this new funding arrangement just two days before they release their annual result? Why not hold off just two more days and let shareholders have the big picture from all angles? The cynic in me suggests they are going for the pump (to get the cash issue price higher) before the annual announcement arrives as a dump. I hope I am wrong. But Jeff is surely too clever to not stage manage the release of the Heartland result like this.

SNOOPY

[KJMLimited]

Under the continuous disclosure rules, material matters have to be announced immediately to the market. It doesn't matter whether the annual result is due in 2 days or 2 months.

[Beagle]

Farmers grow the biggest watercress in their drains and its all organically grown from cow pats and urine.Add a bit of butter to complete the virtuous circle, yum!

We have some growing on our farm...the locals of a certain ethnicity help themselves to it...ask me if I care lol

Anyway back to HGH. Got to admit I am confused despite the other Beagle's attempts to explain it. In line with the new international financial reporting standard concerning doubtful debt provisioning and a much more forward looking stance regarding same we have seen every other bank report results materially affected by this new standard in the context of this Covid environment and its impact on customers and the economy.

HGH have clear obligations regarding continuous disclosure and have a forecast in the market in the late $70m range.

I struggle to see how they can report a result within such a range that's consistent with this new IFRS standard and their continuous disclosure requirements. They must be in breech of one or the other.

In any event I cannot fathom how they can possibly make any sort of reasonable judgement about what bad and doubtful debts will be going forward seeing as Covid and its effects on customers and the economy is unprecedented and any attempt to use previous modelling such as during the GFC might be wildly inaccurate.

They might as well print the entire annual report in Te Reo this year as far as I am concerned.