Yes, best word to describe is definitely- interesting!
Paying 13x earnings
This is a good way for HGH to get into asset finance in Aus. Provide cashflow lending to the farmer for their stock then fund the tractor and ute once they get the profile and payment history going
This excellent GARP stock can continue on its run for another decade by expanding in Aus
Yes, best word to describe is definitely- interesting!
Paying 13x earnings
This is a good way for HGH to get into asset finance in Aus. Provide cashflow lending to the farmer for their stock then fund the tractor and ute once they get the profile and payment history going
This excellent GARP stock can continue on its run for another decade by expanding in Aus
I am sure you meant it has many decades of growth ahead of it. Yes that's an interesting acquisition and gives them a foothold for expansion with rural lending in Australia. HGH itself has a current year PE of 14.0 (eps of 16 cps forecast) and when one considers the steady growth and excellent net interest margins they enjoy as well as strong growth from reverse equity mortgages this looks like a compelling hold and is indeed a fine example of a classic GARP stock (Growth at a reasonable price).
Last edited by Beagle; 01-04-2022 at 10:19 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
just as well this Stockco only lends to asset rich farmers and don't get involved in the riff raff that we hear about that are driven off their farms in tough times by those distardly big Aussie banks
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by percy
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