HGH - Heartland Group Holdings

**ziggy415** · 07-07-2021, 12:40 PM

Originally Posted by Rawz

I always thought one of the big 4 banks would be the one to buy HMY after 5 years. Maybe Heartland want them all for themselves.
They could be Australia's largest reverse mortgage lender as well as the largest personal lender.

Does this mean heartland have bought a blocking stake

**KJMLimited** · 07-07-2021, 12:44 PM

Whats the reasoning behind this?

**winner69** · 07-07-2021, 12:48 PM

Originally Posted by Beagle

"Following a series of discrete trades on market through the ASX beginning on 25 June 2021 and ending on 6 July 2021..."

Share price of Harmoney was up a whopping 10% on 30 June 2021. Yeah, that's really discrete lol

"Can't wait" to read in Te Reo in their annual review how this new expanded investment in fintech digital reengineering was strategically timed.

...and that 10% applies to the whole holding eh

But still facing quite a hit on the P&L at June because at half year HMY shares were still over $3

I sense a 'normalised' profit being reported

They might be able to change their accounting methodology and treat movements in such 'investments' through Other Comprehensive income

**Beagle** · 07-07-2021, 04:13 PM

Market is always forward looking so its neat how they will tell us what FY22's profit will be when they report next month. Their predicative ability is very cool.

**JohnnyTheHorse** · 09-07-2021, 05:41 PM

Heart always skips a beat when I see 5pm Friday announcements come through. But this one's a positive with another $45m MTN issue.

https://www.nzx.com/announcements/375432

Added some more today on the late afternoon dip.