HGH - Heartland Group Holdings

[bull....]

net int margin declining has got to be a worrying sign .
most banks are increasing there's

[winner69]

Seems like all the profit groth basically came from StockCo - other segments up and down and in total end up the same

[winner69]

At least no surprise capital raise this time .... leave that to full year eh

But HBL putting the begging bowl out for some subordinated notes

[percy]

Seems like all the profit groth basically came from StockCo - other segments up and down and in total end up the same

Yes,also interesting that they are looking a motor vehicle lending in Aussie too.
They know where and what they want to achieve.
Banking licence will open the door to cheaper funds.
A lot to look forward to.

[alokdhir]

Seems like all the profit groth basically came from StockCo - other segments up and down and in total end up the same

I am still waiting for " Many many golden crosses to come in future "....lol

I am sure eventually they will come but maybe not as early as $ 2 by Xmas or by Easter ...maybe by next Xmas ...

[Rawz]

Heartlands son, Harmoney, is going to disrupt the car loan market by approving the customer a bunch of cash and putting it in their bank account.
the customer then can go around all the dealerships shopping around and be a 'cash buyer'. By passing the dealers in house finance which maybe Marac (heartland).

the customer then has 60 days to provide Harmoney the rego and insurance certificate to keep the lower car loan rate. if not provided the loan will revert to standard personal loan rates.

quite interesting i thought.

anyways, HGH SP is holding up well today off the back of todays results. like i said a strong hold. good stuff

[Rawz]

just looking at the cashflow statement and HGH has a negative operating cashflow this HY.

thats not good.

[percy]

just looking at the cashflow statement and HGH has a negative operating cashflow this HY.

thats not good.

Not an issue for a bank.

[thegreatestben]

sp down to $1.6 level?

Closing in the opposite direction

[winner69]

Suppose having to write down their Harmoney investment again can be described as not normal so is excluded from underlying/normalised NPAT

One day the adjustment might be so abnormal they’ll normalise it lol