HGH - Heartland Group Holdings

[percy]

UDC's increased profit augurs well for HNZ's fortunes.

http://news.theage.com.au/breaking-n...624-2ortl.html

An excellent result from UDC.
Yes, it augurs well for HNZ.
We are "well positioned.!"

[percy]

UDC's increased profit augurs well for HNZ's fortunes.

http://news.theage.com.au/breaking-n...624-2ortl.html

Thanks for posting the link.
I have great respect for UDC.A fine,very well run company.
HNZ offcourse operate very much in the same field.
In some ways I think we all may have under estimated the ongoing growth rate for HNZ.
UDC's 24% is spectacular.HNZ's projected growth to 30/06/2014 is spectacular.As Sparky has pointed out there is a very ready need for both companies.
So our 15% to 20% growth figures may be well wide of the mark?

[percy]

Stuff's Chalkie article this morning "Risk reduction puts banks' loans all at sea" makes for interesting reading.
Heartland has no "overseas" borrowings,so offcourse is not affected.
It will/could be a major cost for the Australian banks.

[Snoopy]

Not surprising.... there aren't many finance companies left anymore! Heartland, as one of the survivors is indeed well positioned as the appetite for growth and expansion in business and personal finances takes hold from 2014 onwards.

I see directors Gary Richard Leach has been selling down his Heartland shares. The 1st July declaration to the NZX indicates 9599 shares sold so far. The FY2012 annual report (p60) leads me believe that 19,137 shares are left to go. It is certainly not a good sign to see a senior insider selling out. Perhaps Gary has judged 82c as near the peak of the Heartland wave?

SNOOPY

[Fuger]

Stuff's Chalkie article this morning "Risk reduction puts banks' loans all at sea" makes for interesting reading.
Heartland has no "overseas" borrowings,so offcourse is not affected.
It will/could be a major cost for the Australian banks.

But I imagine the Australian Banks will have domestic borrowing. Here, as well as in Australia.

[Master98]

Generally, directors selling their own shares have two reasons: 1. poor directors; 2. no confidence in their company.

[CJ]

Disagree Snoopy. I think people sell shares for a variety of reasons. He might genuinely have a good use for the money, a tax bill, a holiday, school fees, a new car.

Insider buying on the other hand, happens for only one reason.

While you can have good reasons to sell, for the sake of less than $24k worth of shares, he probably should have continued to hold unless he had a reason outside his control (ie. Divorce)

[percy]

But I imagine the Australian Banks will have domestic borrowing. Here, as well as in Australia.

Yes they do have domestic borrowings,however it is their overseas borrowings which are the concern.
May pay you to read the article so you can understand the problem.

[percy]

I see directors Gary Richard Leach has been selling down his Heartland shares. The 1st July declaration to the NZX indicates 9599 shares sold so far. The FY2012 annual report (p60) leads me believe that 19,137 shares are left to go. It is certainly not a good sign to see a senior insider selling out. Perhaps Gary has judged 82c as near the peak of the Heartland wave?

SNOOPY

not exactly a lot of skin in the game.!

[Master98]

Snoopy moved from PGW to HNZ is not a good sign to HNZ, luckly i already sold half of my HNZ holding