HGH - Heartland Group Holdings

**Beagle** · 29-12-2021, 10:56 AM

Originally Posted by winner69

Home equity release market to go crazy ….only way out of financial stress for many ..inevitiable

https://www.stuff.co.nz/business/opi...old-hard-facts

It surprises me with professional and businessmen my age I know, some of them have been making very good money over the years and yet many have little if anything set aside for retirement despite being on the wrong side of 60. Worse, some of them have received very good advice from me to get on with a retirement savings program but have chosen to "do an ostrich", keep enjoying their comfortable lifestyle and choose to ignore the problem.

As you suggest, they will have no choice but to eat into the value of their homes either through selling and downsizing, perhaps into the regional provinces or a reverse equity mortgage. I think HGH has a bright future ahead.

**winner69** · 29-12-2021, 12:53 PM

Got to 250

You have to love those Brokers

Heartland -- the hottest of the Broker's Hot Tips

**Beagle** · 29-12-2021, 01:17 PM

Originally Posted by winner69

Got to 250

You have to love those Brokers

Heartland -- the hottest of the Broker's Hot Tips

You called it back in 2017 as being worth $2.50...you were a bit early

...but right nonetheless.

**winner69** · 29-12-2021, 01:22 PM

Originally Posted by Beagle

You called it back in 2017 as being worth $2.50...you were a bit early

...but right nonetheless.

Time for another call then

Heartland is worth $4.50

**Panda-NZ-** · 29-12-2021, 01:47 PM

Its a better choice than AIR for sure. Still the new years rush to go.

Honey, what's this heartland bank that comes recommended by XX. *clicks on site*.

**Rawz** · 29-12-2021, 02:40 PM

Also- HGH is so cheap its only $2.50 vs $21 for Westpac and $27 for ANZ.

I have had friends tell me this. Sad!

**Old mate** · 29-12-2021, 03:01 PM

Yeah good call winner 2.50

. Been saying it for a while

**Beagle** · 29-12-2021, 03:01 PM

Originally Posted by winner69

Time for another call then

Heartland is worth $4.50

I suspect you're dead right again mate but it might take a "little" while to get there

Got thinking this morning on past successes (as us old dogs tend to do at this time of year) and back in 2017 at $2.14 it was trading on a forward PE of just on 18 but the ten year rate was a lot higher so would need to be on a forward PE of about 20 now to be similarly frothy. Mid point of 2022 forecast is 16 cps but could be 17.5 cps for FY2023 and the market is always a forward looking beast.
I think $3 is not totally out of the question in late 2022 or early 2023 (total shareholder return of 25-30% is possible including dividends) but that's a forward PE of 17 on 17.5 cps for FY23 and is getting right up there in terms of fair value in my opinion.