HGH - Heartland Group Holdings

[Baa_Baa]

Happy to be out of this for the meantime, after a few years the only thing that kept it a profitable investment was the dividends. Sadly it's looking more like a traders stock than an investors stock. I'm not prepared to speculate on a finance company/pseudo-bank in these uncertain times.

gltah, though I'm gone.

[King1212]

Sp retreat is a normal thing in the share market. HGH has a good run since the result n now just drifting back a bit.

When SP down....again a lot of rampers in again....hgh has proven thier track record....it is a resilience finance company and well managed good management....

It is a safe stock to own compare with others which has recovered and high since covid lockdown.

Hgh is down 50c since pre covid-19....so again this is a keeper

[Beagle]

Agreed. Should make for an excellent recovery stock in 2021.

[sb9]

Gosh, didn't think this fall to these levels....

[oldtech]

A good number of the companies I watch have been falling over the past week or more, US election jitters?

[calledone]

A good number of the companies I watch have been falling over the past week or more, US election jitters?

Yeah I think election jitters too. Also a lot of stop losses triggering maybe.

[BlackPeter]

Gosh, didn't think this fall to these levels....

deleted ... looked at the last closing SP. It appears times have changed :

[Beagle]

Heartland selling down some of its stake in the Harmoney as part of the listing. https://www.nzherald.co.nz/business/...N6GGRTXW3C5UY/
"NZX-listed Heartland Group will reduce its stake from 11.8 per cent to 8.4 per cent".

[Snow Leopard]

Heartland selling down some of its stake in the Harmoney as part of the listing. https://www.nzherald.co.nz/business/...N6GGRTXW3C5UY/
"NZX-listed Heartland Group will reduce its stake from 11.8 per cent to 8.4 per cent".

No they are not selling down.
Their dilution is purely due to the issue of new shares.

[Beagle]

No they are not selling down.
Their dilution is purely due to the issue of new shares.

As reported :-
"Existing shareholders will get A$22.5 million ($23.9m) of the A$92.5m set to be raised through the initial public, a prospectus for the offer released on Friday shows. It is due to list on November 19. Major shareholders will sell a portion of their shareholding into SaleCo - a special purpose vehicle set up to facilitate the process - which will then on sell the shares as part of the offer."