HGH - Heartland Group Holdings

[Beagle]

http://nzx-prod-s7fsd7f98s.s3-websit...925/340773.pdf

‒ Earnings per share of 7.6 cents per share, up 0.7 cents per share. Very strong eps growth.

Prompt 4.0 cps fully imputed dividend, goes ex divvy next Monday 1 March, (get in this week if you want the dividend).

Winner - At first glance the quality of the result looks solid. One off gains nicely balanced by decisions to tidy up some suspense items (whatever they are) and voluntary accelerated write off of intangibles.

Non use of the Covid provisioning gives comfort that they're travelling well through this "interesting" year. Good to see low margin rural lending down again and high risk Harmoney lending down a lot.

A lot to like in this result which at first glance looks like a solid high quality result.

[Rawz]

I guess if the book is growing and NIM is improving that is all that matters.
The rest of the one offs and movements in provisions/impairments is just white noise because it's clear that management can manufacture those numbers to a large enough degree

What value did they give Harmoney and what price per share does that work out at does anyone know? Might have to revalue that down in the next reporting period the way the share price is heading

[Beau]

I hope first half profit is over $40m .... if not it's a disaster

Certainly more than you where hoping for. Well done Heartland, nice dividend coming. Future looks bright with with maybe profit upgrade. Happy long term holder also.

[RGR367]

Not setting the sp on fire but definitely a good result for a financial company.


off topic, where is the King Salmon (NZK) thread as I can't seem to see/locate it? Thanks.

[Beagle]

A reminder that the best analysts Jarden rate HGH a BUY with a price target of $2.34.
They trade cum the 4.0 cent fully imputed dividend for this week only.

[RGR367]

A reminder that the best analysts Jarden rate HGH a BUY with a price target of $2.34.
They trade cum the 4.0 cent fully imputed dividend for this week only.

Within 4 months, that price will be reached but give us time now to acquire more

disc: long term holder

[invest]

Solid result. Happy to buy more at this price.

[winner69]

Big increase in people costs (+16%) seems at odds with digitalisation strategy (".......digitalise each customer touchpoint, including its processes and customer care services, enhancing the customer experience and reducing operational costs.)

[Beagle]

Big increase in people costs (+16%) seems at odds with digitalisation strategy (".......digitalise each customer touchpoint, including its processes and customer care services, enhancing the customer experience and reducing operational costs.)

All those extra interns and the mural's they painted aren't free but are incredibly valuable

[winner69]

All those extra interns and the mural's they painted aren't free but are incredibly valuable

....shame on them not maximising shareholder value doing these warm fuzzie things.