HGH - Heartland Group Holdings

[iceman]

Yes a very successful business model.

Many things to like in the AR. Huge growth in NZ reverse mortgages but growth in Australian reverse mortgages a bit disappointing. NIM and return on equity remain at elevated levels as before. Outlook very encouraging.
A great result from a great business.

[peat]

NIM and return on equity remain at elevated levels as before.

Tho predicted to contract (with commensurate reduction in risk)

[Beagle]

Heartland's Annual Report over 140 pages this year .... pretty thick

Beagle - you going to the Hui ā-tau - lockdown be over by then

It would be nice to think we'll be able to attend in person and partake of some kai (food) together but I suspect that Covid will have a long teyel. (tail)
Certain ethnicities mainly in South Auckland are not doing enough hard mahi (work) and sticking to their mirumiru's. (bubbles).

Apparently if you listen to all the politically correct do-gooders, saying the same thing twice in different languages is very much on trend.

[nztx]

It would be nice to think we'll be able to attend in person and partake of some kai (food) together but I suspect that Covid will have a long teyel. (tail)
Certain ethnicities mainly in South Auckland are not doing enough hard mahi (work) and sticking to their mirumiru's. (bubbles).

Apparently if you listen to all the politically correct do-gooders, saying the same thing twice in different languages is very much on trend.

Thanks for explaining things .. here's me thinking a different set of bi-lingual glasses needed, not the usual ones
for seeing digits from a distance on the horizon

Is there a shorter abbreviated version which excludes all the duplicated blurb somewhere ?

[Beagle]

Thanks for explaining things .. here's me thinking a different set of bi-lingual glasses needed, not the usual ones
for seeing digits from a distance on the horizon

Is there a shorter abbreviated version which excludes all the duplicated blurb somewhere ?

Thankfully there is mate. Analyst presentation here. Everything that's really relevant in only 34 pages Cuts out the almost endless ESG nonsense too.
http://nzx-prod-s7fsd7f98s.s3-websit...825/352948.pdf

[Waltzing]

"bubbles"

got an order in with a local german to find some older style champagne crystal glasses with etchings. She said she might have to look outside ANZ. Better not call it the HK as thats probably enough hysteria for the week and its only monday.

I dont think either WHS or Bris will have these rare items in stock or would be shocked if they did.

[Beagle]

Getting ready to toast $5 real soon ?

[Waltzing]

Wrong thread of course, but if MR B thinks WHS 5 dollars on the horizon soon we would have to ship a crate to his castle .

[percy]

Thankfully there is mate. Analyst presentation here. Everything that's really relevant in only 34 pages Cuts out the almost endless ESG nonsense too.
http://nzx-prod-s7fsd7f98s.s3-websit...825/352948.pdf

Looking forward
• Higher growth in Reverse Mortgages,
Home Loans and transition of
Harmoney to on
-balance sheet model
will result in NIM contracting
.
• However, this will drive an offsetting
benefit of reduced impairment
expenses, reflecting improved lending
portfolio quality
.
• Continuing to extend best or only
product reach through digital
platforms, providing frictionless
service at each stage to provide better
customer experience.
• CTI ratio trend downwards expected
to continue, as a result of ongoing
digitalisation and automation.
Noting uncertainties associated with the
ongoing impacts of COVID
-19,
Heartland expects NPAT for FY2022 to
be in the range of $93m to $96.

[percy]

\
Page 12.SHAREHOLDER RETURNS
• Return on equity (ROE) of 11.9%
(up144 bps vs FY2020).
• Earnings per share (EPS) of 14.9 cps,
up 2.4 cps compared to FY2020.
• Final dividend of 7.0 cps, up 4.5 cps on
FY2020 as pay-out ratio returns to
historical levels with easing of RBNZ
restrictions.
• Dividend yield of 7.1%.1
• Five year total shareholder return (TSR)
of 107.2%, compared with the NZX50
Index TSR of 81.9% in the same
period.