HGH - Heartland Group Holdings

[Rawz]

That's a great article, thanks for sharing. Ruth is an awesome journalist - not many business reporters in her league.

I don't know much about the deposit takers insurance and I think its still a WIP but it's clear somebody's gotta pay for it - banks, bank customers in the form of higher borrowings, or probably both. A good initiative I reckon for the resilience of the banking sector, but at a cost to borrowers & banks.

No doubt a cost to depositors as well. I.e. your first $200k deposit we will pay x-1% and on anything above that we will pay x%

Can socialise the cost to everyone

[thegreatestben]

We got a new logo on Sharesies today, exciting development haha...

[Muse]

We got a new logo on Sharesies today, exciting development haha...

yeeha

El Nino a bit of a bugger for StockCo (not my favourite subsidiary of HGH). Things getting hot already in AU w/ farmers selling off / culling livestock earlier than normal, means less funding requirements & interest income for stockco all things equal.

[X-men]

https://www.nzherald.co.nz/the-count...AWGZ7UKJHRJKQ/

Dairy price is going up....HGH will be doing fine

[X-men]

Sickening....it took months to go up to $1.70 range....less than 1 week ...SP drop back to $1.60....gosh.....

[bull....]

yep if you read all the asx bank type stock reports they are all saying nim 's under pressure , competition intense. cant see why NZ would be any different

[alokdhir]

Heard from senior management of Top retail NZ bank ...he was saying economy and consumers viz a viz bank business are doing much worse then expected at this moment ...was predicting we already in recession and next 6 months prospects pretty dim from bank's point of view .

[X-men]

It has been almost 2 years gloom and doom....yet heartland always delivers.

The economy is now at the button cycle.... definitely reached the button..now the world economy is starting to tick slowly

[Ggcc]

Heard from senior management of Top retail NZ bank ...he was saying economy and consumers viz a viz bank business are doing much worse then expected at this moment ...was predicting we already in recession and next 6 months prospects pretty dim from bank's point of view .

We wanted the recession to curb inflation. That is the story I remember was told to us. I just don’t remember who mentioned it. Maybe Adrian Orr from the Reserve Bank.

[percy]

https://sendy.tarawera.co.nz/l/J6oLV...8ngYcJnxTirgbQ