HGH - Heartland Group Holdings

[850man]

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

Please folks, can we stick to share chat in here. We need opinions from all points of view, we may not agree but that's the value of this forum. None of this is personal and should not be taken personally.

[mike2020]

So if the 5 day average is $1.81 does that mean the offer price is $1.765?

[alokdhir]

So if the 5 day average is $1.81 does that mean the offer price is $1.765?

Yes ...1.7648

[winner69]

See NIM fell 19 basis pionts to 4.16%

Johnny from Chris Lee says .........slight reduction in net interest margin – ........... one hopes the fall in net interest margin will not become a trend.

[Muse]

See NIM fell 19 basis pionts to 4.16%

Johnny from Chris Lee says .........slight reduction in net interest margin – ........... one hopes the fall in net interest margin will not become a trend.

Johnny should look at mix and attendant NLMs.

[winner69]

I note Heartland paying out $150m on 21 September as bond issue matures

Interesting timing of what some pundits have called a 'seemingly rushed' capital raise

[winner69]

Had a look at some numbers in their reports mainly to see impact of StockCo on F22 but more importantly on F23

Presentation says StockCo contributed $1.4m to F22 NPAT and is forecast to contribute A$10m to A$12m in F23 (lets say NZ$12m)

First observation: Backing StockCo out of F22 normalised NPAT of $96.1m means 'base' business grew at 7.7% over F21 (makes the reported 9.3% reported growth not that flash)

Second observation: F23 NPAT guidance is $109m to $114m and as above lets assume StockCo is going to contribute $12m. This implies that the 'base' business (ie excluding StockCo) NPAT is forecast to grow by 2% to 8% in F23. Not that impressive ......and a lot lower than most were touting before the results came out

Seems things getting tough for Heartland .... underlying earnings growth stalled / flattening out

No wonder share price down last week .... I don't think you can put it all down to the capital raise.

[iceman]

Had a look at some numbers in their reports mainly to see impact of StockCo on F22 but more importantly on F23

Presentation says StockCo contributed $1.4m to F22 NPAT and is forecast to contribute A$10m to A$12m in F23 (lets say NZ$12m)

First observation: Backing StockCo out of F22 normalised NPAT of $96.1m means 'base' business grew at 7.7% over F21 (makes the reported 9.3% reported growth not that flash)

Second observation: F23 NPAT guidance is $109m to $114m and as above lets assume StockCo is going to contribute $12m. This implies that the 'base' business (ie excluding StockCo) NPAT is forecast to grow by 2% to 8% in F23. Not that impressive ......and a lot lower than most were touting before the results came out

Seems things getting tough for Heartland .... underlying earnings growth stalled / flattening out

No wonder share price down last week .... I don't think you can put it all down to the capital raise.

Good work winner. Thank you.

[Rawz]

Had a look at some numbers in their reports mainly to see impact of StockCo on F22 but more importantly on F23

Presentation says StockCo contributed $1.4m to F22 NPAT and is forecast to contribute A$10m to A$12m in F23 (lets say NZ$12m)

First observation: Backing StockCo out of F22 normalised NPAT of $96.1m means 'base' business grew at 7.7% over F21 (makes the reported 9.3% reported growth not that flash)

Second observation: F23 NPAT guidance is $109m to $114m and as above lets assume StockCo is going to contribute $12m. This implies that the 'base' business (ie excluding StockCo) NPAT is forecast to grow by 2% to 8% in F23. Not that impressive ......and a lot lower than most were touting before the results came out

Seems things getting tough for Heartland .... underlying earnings growth stalled / flattening out

No wonder share price down last week .... I don't think you can put it all down to the capital raise.

Good post Winner. Thanks for sharing.

Ah well, at least they are still grinding out an increase in tough times. Hope shareholders keep the faith and look past F23. Any dips down to $1.50 range should be bought up aggressively and put in the bottom draw

[mfd]

Strong vote of confidence from the board. Looks like almost $23 million of the $130 million placement went to directors.

https://www.nzx.com/announcements/398224