HGH - Heartland Group Holdings

[alokdhir]

When is the next result expected to be made available..? Will be interesting to see how they account for HMY shares like Josh mentioned....

End August ...date TBA

[newbieinvestor]

End August ...date TBA

Thanks Alokdhir! .. Yeah HGH's holding HMY getting hammered on the ASX...

[Rawz]

Guess HGH will have to do a huge write down on HMY. Then report 'normalised earnings'. Fair enough

[winner69]

Guess HGH will have to do a huge write down on HMY. Then report 'normalised earnings'. Fair enough

Jeff says $93m to $96m which means it'll be about $95.4m

The calculation involving escrow, spreads, volatility, trading patterns etc etc will no doubt mean HMY stake will be written down a bit ..... but he has the covid overlay and a few other things in the bottom drawer so things will be OK

Anyway whatever HMY is written down buy will only mean huge gains in F23 and F24 eh

[Rawz]

Jeff says $93m to $96m which means it'll be about $95.4m

The calculation involving escrow, spreads, volatility, trading patterns etc etc will no doubt mean HMY stake will be written down a bit ..... but he has the covid overlay and a few other things in the bottom drawer so things will be OK

Anyway whatever HMY is written down buy will only mean huge gains in F23 and F24 eh

So use current bottom draw stuff to cover HMY.
Then HMY becomes next bottom draw stuff

Nice, i like it.

[newbieinvestor]

So use current bottom draw stuff to cover HMY.
Then HMY becomes next bottom draw stuff

Nice, i like it.

recycling bottom drawer stuff?


wonder whether when the market hears of a HMY write down, if the HGH stock will dip further ....

[Rawz]

HGH hold 8518864 shares in HMY. Was valued at A$1.91 (by memory) so au$16.2m at last reported date.
HMY now au$0.895 x 8518864 shares = au$7.6m current value.

au$8.6m drop in valuation.

The covid overlay is $6.9m?

Wonder is Jeff wanted to keep some of that covid overlay for actual covid related loans in arrears. But now HMY is buggering that up

How big is the bottom draw?

[alokdhir]

Jeff says $93m to $96m which means it'll be about $95.4m

The calculation involving escrow, spreads, volatility, trading patterns etc etc will no doubt mean HMY stake will be written down a bit ..... but he has the covid overlay and a few other things in the bottom drawer so things will be OK

Anyway whatever HMY is written down buy will only mean huge gains in F23 and F24 eh

As long as dividends keep coming on expected track of 1 cent boost every year ...then its a great buy now ...if dividends under threat then all bets are off

W69 ...whats your take on future dividend security here ?

[winner69]

As long as dividends keep coming on expected track of 1 cent boost every year ...then its a great buy now ...if dividends under threat then all bets are off

W69 ...whats your take on future dividend security here ?

Not held back by RBNZ now so could even expect a bit of a boost / catch up this year and then back to normality

[mike2020]

I really think the issue with HMY is liquidity. It is far to easy to lower the price with the use of a little cash and it could be a very clever way to get some cheaper HGH.