HGH - Heartland Group Holdings

[Rawz]

You on to it percy

Book Value increases from $1.36 to $1.44 after capital raise

If Price Book ratio stays the same should see increase in share price

Avg price/book value over last 5 years is 1.26.

$1.44 x 1.26 = $1.81 sp.

I can see why they set the price at $1.80. All starting to make sense

[bull....]

Centrix managing director Keith McLaughlin says a simultaneous increase in demand for credit, and in arrears, points to people being under pressure to meet repayment obligations

https://www.interest.co.nz/personal-...neous-increase

interesting auto arrears have been increasing mth on mth

[Rawz]

Centrix managing director Keith McLaughlin says a simultaneous increase in demand for credit, and in arrears, points to people being under pressure to meet repayment obligations

https://www.interest.co.nz/personal-...neous-increase

interesting auto arrears have been increasing mth on mth

interesting article, thanks for sharing!

applies to TRA and HMY as well.

See auto loans are a way off normal arrears levels. this is why HGH raising capital at the top of the cycle is a excellent move ay.

Because i am a glass half full type of guy.... when things get tight, as a funder, you end up picking up a whole bunch of typical cash buyers, for various reasons. And these customers are AAA+ Helps a bit in offsetting the increasing arrears on the book.

[winner69]

Avg price/book value over last 5 years is 1.26.

$1.44 x 1.26 = $1.81 sp.

I can see why they set the price at $1.80. All starting to make sense

Just as well there's an above average sometimes


$1.44 x 1,75 = $2.52 sp

Cool eh

[percy]

Just as well there's an above average sometimes


$1.44 x 1,75 = $2.52 sp

Cool eh

I have been waiting on this post.
A cracker...lol.

[Rawz]

Just as well there's an above average sometimes


$1.44 x 1,75 = $2.52 sp

Cool eh

I have been waiting on this post.
A cracker...lol.

Just as well there's a below average sometimes

$1.44 x 0.97 = $1.40

But thats crazy stuff. there is no way the sp will trade 0.97x book value nowadays.

This did happen before thou- June 2014. This was a few months after HNZ announced a $87m acquisition of Seniors Money International's NZ and Aus Home Equity release mortgage business.
They raised $20m to partially fund it. $15m placement and $5m share purchase plan.

But yeah like i say, crazy crazy stuff. No similarities here

[winner69]

Heartland Bank raised their reverse equity rate by another +25 bps to 7.75%.

That’s good

[winner69]

In interest.co.nz ….do Heartland access this cheap money from RBNZ.

Another bank took $100 mln from the Funding for Lending program (FLP), taking the total accessed to $14 bln so far. We don't know who took this funding but it unlikely to have been one of the big four Aussie banks. (They don't get out of bed for less than $500 mln usually, from this source.) So a back of the envelope calculation suggests $100 mln will fund about 200 transactions? The whole FLP program is now only scheduled to run for another 90 days, so we might see a flurry of final activity in this space.

[Crypto Crude]

Well if you have "read" him correctly, it seems pretty clear that retail investors are not his priority, and small investors are insignificant.

Insignificant then...

[justakiwi]

Just stop stalking me. It's starting to feel creepy.

Insignificant then...