HGH - Heartland Group Holdings

[percy]

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

Well we may yet see HMY investment paying off for HGH..
They are doing what they say they will do, and going gangbusters in Aussie.

[BlackPeter]

Not an issue for a bank.

Quite right. Just highlights that they are successful with their reverse mortgages. No issue as long as they sell enough bonds to cover for them.

[percy]

https://sendy.tarawera.co.nz/l/J6oLV...FX892iXSeV63gw

[winner69]

Headline from Percy’s link

Heartland absorbs pressures to post $48m half-year profit

[winner69]

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 ...

About to happen alokdhir

Nor far away now

[winner69]

Wow ….NZ Reverse Mortgages …Profit UP 40% to $17.9m in H1

That’s pretty good

[Dlownz]

Wow ….NZ Reverse Mortgages …Profit UP 40% to $17.9m in H1

That’s pretty good

Beat me to that winner. Was suppose to put one up yesterday to say the reverse mortgages will be increasing at a rapid rate now for years to come. Are any of the big banks doing it yet?

[alokdhir]

About to happen alokdhir

Nor far away now

Surely it will happen ....why not ? Just some timing issues at the moment ....

[Jay]

A few of the big banks did have reverse mortgages and then dropped it I thought a few years ago - pre (start)covid years
May be they will re think it - well may be not while property prices seem to be dropping!

[Onemootpoint]

I recall a few others trying and dropping it some years ago.
it’s a niche area for HGH; how would increased competition influence shareholders and therefore share price though.