HGH - Heartland Group Holdings

[percy]

An amusing situation. I was, am, hopelessly overstocked with Heartland. I reluctantly sold 5,000 or so at 77 cents to buy Mighty River. Put the $4,000 into that at $2.50. Then Heartland went to over 81 cents. Had I done the right thing? The fall today to 77 cents shows I did. The reason to sell Heartland was of course to diversify. I am nearly back to where I started before PGGWrightson and PyneGold hit rocky shores.

Sounds like money down the river to me,!!!!
lol.

[Master98]

I personally think downgrade bank rating is a major, I have to follow S&P advice, so cut my half holding sold at 80c , first 25k shares traded which 20k came from me.

[CJ]

S&P are just arse covering after stuffing up in the US. Very unlikely to be downgrading - I am looking to top up if it drops much lower.

[iceman]

Mouse it is amusing indeed. 10 days ago I posted on the RYM thread (post 1243) a small story about investing on behalf of my teenage daugthers. At that time (only 10 days ago), I said my daughters (and their Dad) had sold half of our RYM (since up 2%), all of our CEN (didn't want to but CEN fell out of my daughters "safe "investments after Norman-geddon, but since up 6%)). At the time of my post, my daugthers were suggesting we use RYM receipt to buy SUM, AIA, PGW and SAN. We did invest it 50/50 in SUM and SAN. Since then share prices have changed SUM (-10%), AIA (+5%), PGW (-8%) and SAN (+5%).
Our net change from these transactions, -2.5% and completely satisfied we have done the right thing long term.The future will prove us right, wrong or prudent !
I know I am not in the right thread for these comments but Mouse initiated a response. My apologies

[mouse]

Mouse it is amusing indeed. 10 days ago I posted on the RYM thread (post 1243) a small story about investing on behalf of my teenage daugthers. At that time (only 10 days ago), I said my daughters (and their Dad) had sold half of our RYM (since up 2%), all of our CEN (didn't want to but CEN fell out of my daughters "safe "investments after Norman-geddon, but since up 6%)). At the time of my post, my daugthers were suggesting we use RYM receipt to buy SUM, AIA, PGW and SAN. We did invest it 50/50 in SUM and SAN. Since then share prices have changed SUM (-10%), AIA (+5%), PGW (-8%) and SAN (+5%).
Our net change from these transactions, -2.5% and completely satisfied we have done the right thing long term.The future will prove us right, wrong or prudent !
I know I am not in the right thread for these comments but Mouse initiated a response. My apologies

Brilliant. We can only do what seems to be the right thing at the time. It being of course important to retain a sense of humour about it.

[janner]

S&P are just arse covering after stuffing up in the US. Very unlikely to be downgrading - I am looking to top up if it drops much lower.

Me too CJ.. Unfortunately .. Not much available.. Not willing to sell any of my happy to hold, holdings.. ce la vie !!..

[janner]

Did you read BOTH announcements ??..

S & P were talking about the Housing bubble..

HNZ have been at pains to notify that they are not into the housing market..

Yes an housing bubble burst will affect all Banks.. HNZ to a lessor extent .. IMHO..

I personally think downgrade bank rating is a major, I have to follow S&P advice, so cut my half holding sold at 80c , first 25k shares traded which 20k came from me.

[percy]

I think it time to reread HNZ's response kindly posted by Sparky The Clown post 1783.
1] S&P are already commenting on our improving business position post bank registration.
and finishing
e] and a strategy of competing in stable less contestable specialist markets [livestock,invoice finance,motor vehicle etc].

My own observation is the noise Aussie banks would make either if things turned down here,or further in Aussie.
"We had to take that tuff course of action to protect our shareholders.Our largest shareholders are Aussie pension funds."
Swann can't put up that NZ may have a budget surplus before them.Under arm by Bill English.

[janner]

Percy !!.. How dare you suggest that any one in NZ could bowl an underarm ??.

Even the Greens would not stoop that low..

[percy]

Percy !!.. How dare you suggest that any one in NZ could bowl an underarm ??.

Even the Greens would not stoop that low..

What was enjoyable was that Swan thought it was.!!!
Now back to how any Aussie bank would react to a down turn in NZ,or a further down turn in Aussie?

Squeel like a stuffed pig and put Aussie interests first.!!!
We would call it "doing a Swanie,"