HGH - Heartland Group Holdings

[percy]

Suppose Jeff will be raving about a 8% or so increase next week

Should be doing better Jeff if Kiwibank half year profit rises 53pc to $98 million (NZ Herald headline)

Kiwi Bank
The bank's net interest margin, the difference between income generated from credit products like loans, and payments made to deposit savers and others the bank borrows from, surged to 2.42% from 2.04% year-on-year. This comes after ASB last week reported a 33 basis points rise in its interim net interest margin to 2.52%.

What will be of interest in HGH's result will be their NIM.
Always the highest of the banks.
We have seen it reduce as they have been lending on lower margin business,so will it rise again.,and if so by how much?

[winner69]

Kiwi Bank
The bank's net interest margin, the difference between income generated from credit products like loans, and payments made to deposit savers and others the bank borrows from, surged to 2.42% from 2.04% year-on-year. This comes after ASB last week reported a 33 basis points rise in its interim net interest margin to 2.52%.

All the more reason why we should be expecting more from Heartland next week …in this environment ‘incremental’ increases in profit not good enough ….especially now when ‘normalising’ things is the new norm

[percy]

All the more reason why we should be expecting more from Heartland next week …in this environment ‘incremental’ increases in profit not good enough ….especially now when ‘normalising’ things is the new norm

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Agree "normalising" is the new norm far too often in the market now days.

[winner69]

The half year result out tomorrow

Last year normalised was $47.1m

This year how about $55m .... well on way to guidance if achieved

[winner69]

The half year result out tomorrow

Last year normalised was $47.1m

This year how about $55m .... well on way to guidance if achieved

Thought I'd be close

On an underlying basis, 1H2023 NPAT was $54.7 million, an increase of $7.6 million (16.2%) compared with the 1H2022 underlying NPAT

Just as well for normalising though ..... real NPAT was only $48.7m an increase of a miserly $1.1m or 2%

Jeff getting as bad as Fletchers with their normalising - not good

[Rawz]

EPS flat (on both real and underlying)

Not a buy! solid hold, nothing to see here

overall i think if you were a long term shareholder you can sleep easy at night and let the sp do its thing

[sb9]

Thought I'd be close

On an underlying basis, 1H2023 NPAT was $54.7 million, an increase of $7.6 million (16.2%) compared with the 1H2022 underlying NPAT

Just as well for normalising though ..... real NPAT was only $48.7m an increase of a miserly $1.1m or 2%

Jeff getting as bad as Fletchers with their normalising - not good

Seems as though Jeff loosing his Midas touch (if not already lost)...been there too long I 'pose.

[Master98]

Jeff getting as bad as Fletchers with their normalising - not good

sp down to $1.6 level?

[iceman]

EPS flat (on both real and underlying)

Not a buy! solid hold, nothing to see here

overall i think if you were a long term shareholder you can sleep easy at night and let the sp do its thing

Agree this is a good hold but these numbers are a bit disappointing, particularly the NIM being down significantly while the big banks are increasing theirs. Still a happy holder but not disappointed I reduced a little recently.

[percy]

EPS flat (on both real and underlying)

Not a buy! solid hold, nothing to see here

overall i think if you were a long term shareholder you can sleep easy at night and let the sp do its thing

Yes very much as I see the result too.
Looking as though future "real" growth will come from Aussie,so I am pleased they are progressing well there.