HGH - Heartland Group Holdings

[Muse]

wow.. im a bit shocked

Yeah its no good.

Some aspects should be of no surprise, like stockco getting whacked around by El Nino in Australia. In the full year result I was pretty scathing of them using some of their economic overlay provision and not topping it up, which looks like has come home to roost (but in a different name now, a "post covid recovery" provision), but has written back higher than I would have expected. I also do not consider it appropriate to remove the movement in the provision from underlying earnings.

"Short term operational performance challenges" - pretty vague for a big number!

The messiness of the numbers and its presentation leaves a lot to be desired.

I didn't expect them to meet guidance for this year but likewise did not expect this announcement or result. To have issued guidance that high only to backtrack reasonably quickly doesn't sit particularly well with me.

[Perky]

Yep. Muse called this earlier on the stocko and Aussie drought

Just as well Comvita won this award eh…otherwise W69 be demanding a recount

Finalists in the 2degrees Best Growth Strategy section are

Heartland
Comvita
Scales Corp


sold my small holding at $1.80 but still planning to buy back again in next year. Just some headwinds for banks at present but fundamentally still a good share I think…still use them for some banking gave them some money the other day and they gave me 6.4%..soon I’ll buy the share and get the capital gain plus the divie …maybe reduced?

[ronaldson]

Definitely hit a pothole in the road.

Best to wait out FY24 and the completion of the Challenger acquisition.

[Muse]

Definitely hit a pothole in the road.

Best to wait out FY24 and the completion of the Challenger acquisition.

yes but I'm not thrilled to see Challengers estimated q4 contribution to the group result lol

[Rawz]

Could head down to 1x book value per share? $1.45

[percy]

Yep. Muse called this earlier on the stocko and Aussie drought

Just as well Comvita won this award eh…otherwise W69 be demanding a recount

Finalists in the 2degrees Best Growth Strategy section are

Heartland
Comvita
Scales Corp


sold my small holding at $1.80 but still planning to buy back again in next year. Just some headwinds for banks at present but fundamentally still a good share I think…still use them for some banking gave them some money the other day and they gave me 6.4%..soon I’ll buy the share and get the capital gain plus the divie …maybe reduced?

So the winner should have been Scales....lol.

[winner69]

Jeff’s halo losing its glow …the Midas touch gone etc etc

Just another banker

Oh well, he had a good run ….maybe time to move on before the the third downgrade is needed

[Perky]

So the winner should have been Scales....lol.

Good one Percy.

The committee should have made no award…just say no one came up to standard this year.
Thats what they do at the wine awards..no gold medals this year…only silvers…must try harder

A little disappointed your off your form today and didn’t suggest 2cc as the rightful winner of best growth category

[percy]

Good one Percy.

The committee should have made no award…just say no one came up to standard this year.
Thats what they do at the wine awards..no gold medals this year…only silvers…must try harder

A little disappointed your off your form today and didn’t suggest 2cc as the rightful winner of best growth category

Good one Perky...
I have a large holding in Silver Fern Farms CoOp on Unlisted.The big worry is The Chairman, Rob Hewett won The Chairman's award.!!!!!..lol
Thank goodness I sold a few HGH and recycled the funds into 2CC my portfolio big winner this year.
I usually have one good idea a year...Had two this year with ATP in Oz also flying high.

[beetills]

An original shareholder thru having shares in CBS and picked up a few more when the big sell off was on at 45c.I gotta say i am a happy holder and my grandkids sharesies accounts are dominated by HGH CDI and AFI.