HGH - Heartland Group Holdings

[Sideshow Bob]

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.

Not to forget Simon Limmer finalist in CEO of the year.........

[LaserEyeKiwi]

Wouldn’t be surprised if their expectations around vehicle financing are also flawed. People aren’t buying less cars on finance due to “expected policy changes” (talking about the end of the feebate scheme). The reason people aren’t buying cars is due to their mortgage costs being dramatically higher, while at the same time motor vehicle finance interest rates are also higher - It’s a huge double whammy.

It simply mirrors the slowdown in other large ticket items (large household items, overseas travel) that are experiencing slowdowns currently, and those items dont have any sort of feebate scheme holding consumers back.

[Ggcc]

Wouldn’t be surprised if their expectations around vehicle financing are also flawed. People aren’t buying less cars on finance due to “expected policy changes” (talking about the end of the feebate scheme). The reason people aren’t buying cars is due to their mortgage costs being dramatically higher, while at the same time motor vehicle finance interest rates are also higher - It’s a huge double whammy.

It simply mirrors the slowdown in other large ticket items (large household items, overseas travel) that are experiencing slowdowns currently, and those items dont have any sort of feebate scheme holding consumers back.

People should consider to refinance and add their car loans and other debts to their mortgage and pay the lower rate.

[Muse]

Wouldn’t be surprised if their expectations around vehicle financing are also flawed. People aren’t buying less cars on finance due to “expected policy changes” (talking about the end of the feebate scheme). The reason people aren’t buying cars is due to their mortgage costs being dramatically higher, while at the same time motor vehicle finance interest rates are also higher - It’s a huge double whammy.

It simply mirrors the slowdown in other large ticket items (large household items, overseas travel) that are experiencing slowdowns currently, and those items dont have any sort of feebate scheme holding consumers back.

True but YTD motor receivables are up 8% YTD, yet I get the sense that earnings from the motor book are down. Not a new phenomenon its occurred the last year or two as well. Either heartland chasing marketshare too hard or other competitive/pricing dynamics at play - or some combination of both.

[winner69]

Proactive provisioning / financial engineering (or whatever yoy want to call it) to smooth out earnings over time always comes back to bite the perpetrators on the bum ...... Jack Welch from GE was a master of it but it all turned to custard in the end

There's only one NPAT number to look at now for Hesrtland ...the real one

Trend is
F21. 87.0m
F22. 95.2m
F23. 95.5m
F24. 95.0m say

Good trend eh ....and of course heaps more shares on issue now

So expected F24 EPS (real) is 13.2 cents ....was 14.9 cents in F21 and 16.1 cents in F22

All I can sai hmmmm

[Snoopy]

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

You have underestimated 'our Jeff' Winner. He is the Chief Executive of Heartland GROUP Holdings. The problems are with motor loans are at Heartland Bank, and that woman who runs it Leanne Lazarus. Didn't she make a hash of things at 'TSB Bank Bank' where she was previously CEO? Maybe raising her from the dead executive pool was not such a good idea? She hasn't had her legs under the CEO desk long enough to make a difference at Heartland Bank yet, but Jeff should probably sack her anyway, just in case she turns out to be no good.

Aussie Doug Snell at 'StockCo Australia' is the guy who changed the weather to El Niño and caused the great 'cattle rattle' shaking up those Aussie farmers need for financing. That wouldn't have happened if Jeff had appointed a woman with the associated La Niña weather. So Doug can go as well. I can't find any smut on Doug. But I am sure he nicked a peanut butter and jelly sandwich from a fellow student at Toowoomba Primary back in the day. So probably rotten to the core anyway.

So a couple of decisive management realignment decisions, and Jeff's star will shine even brighter, trimming away the rotten fruit. The halo is intact!

SNOOPY

[Rawz]

Proactive provisioning / financial engineering (or whatever yoy want to call it) to smooth out earnings over time always comes back to bite the perpetrators on the bum ...... Jack Welch from GE was a master of it but it all turned to custard in the end

There's only one NPAT number to look at now for Hesrtland ...the real one

Trend is
F21. 87.0m
F22. 95.2m
F23. 95.5m
F24. 95.0m say

Good trend eh ....and of course heaps more shares on issue now

So expected F24 EPS (real) is 13.2 cents ....was 14.9 cents in F21 and 16.1 cents in F22

All I can sai hmmmm

If FY24 EPS only 13.2 how will they pay a 16 cent dividend?

[Rawz]

If FY24 EPS only 13.2 how will they pay a 16 cent dividend?

Suppose they could do a cap raise to pay the div?

[percy]

If FY24 EPS only 13.2 how will they pay a 16 cent dividend?

Dividend per share projected by Craigs.
2023........11.5 cps
2024........12.2 cps.
2025.........13cps.


2030.........16cps projected by Rawz..

[Rawz]

Dividend per share projected by Craigs.
2023........11.5 cps
2024........12.2 cps.
2025.........13cps.


2030.........16cps projected by Rawz..

Jarden says 16cents?