HGH - Heartland Group Holdings

[Rawz]

Maybe it takes a lot of overheads to operate in the sectors that deliver a high NIM. Maybe scale is too small.

Probably a bit of that. A car loan runs for 3-5 years.
A home loan runs for 30 years
Credit card runs forever?

You have to run the same car loan multiple times.

Heartland bank would have more business loans as a percentage with 'annual reviews' performed by credit. More touch points?

Only surmising

[LaserEyeKiwi]

Probably a bit of that. A car loan runs for 3-5 years.
A home loan runs for 30 years
Credit card runs forever?

You have to run the same car loan multiple times.

Heartland bank would have more business loans as a percentage with 'annual reviews' performed by credit. More touch points?

Only surmising

I wonder how many people re-up car loans? Eg once they have paid off a car in 5 years, they trade in for a newer car again and once again use a loan.

[Rawz]

I wonder how many people re-up car loans? Eg once they have paid off a car in 5 years, they trade in for a newer car again and once again use a loan.

Typically what Heartland and UDC do is send them a letter just over halfway through a 60 month loan pre-approving them for the same amount of money as originally. Easy to do if they have perfect repayment history.

Then the funder will share this data with the original car dealer who will ring the customer to discuss trade in values and new car prices etc.

Cool ay

[winner69]

I reckon HGH share price will hit 2 bucks this week

[Old mate]

Just about winner

[sb9]

I reckon HGH share price will hit 2 bucks this week

Almost there, huge lot at 1.99 almost got taken out

[thegreatestben]

Still think we'll see the last cent tomorrow W69?

[Beagle]

Has Laura the Chief Operating Officer picked the TOP

Selling at 1.93

http://nzx-prod-s7fsd7f98s.s3-websit...349/347629.pdf

From this day last week. No she hasn't.

From this day last month...

Decent trading update today that was in line with my thinking. I am looking for net profit in the early $90's million range for FY22 which gives them an eps of approx 15.8 cps and am hopeful the economy will be in a strong recovery and am looking for a recovery PE of approx 14.5 times earnings (which is the average of where the peer group I follow on the ASX is currently trading).
I am hopeful of a target price one year hence of ~ $2.30. Beagle

Fair value, still a little over 15% capital gain to come in the next 11 months in my opinion and then there's the very attractive fully imputed dividend yield.
I wouldn't rule out the possibility of it going a little over $2.50 this time next year as the market starts to think about earnings possibly topping $100 in FY23.

[winner69]

Still reckon 2 bucks later today

Lucky day so far -- did a few things on computershre without any issue - a miracle - but even greater miracle did something on Heartland App ant it didn't need any human intervention from Heartland people

So things going well ...and HGH at 2 bucks

[sb9]

That $2 wall got smashed finally