HGH - Heartland Group Holdings

[Valuegrowth]

The one thing that really puts me off a company is intangibles.Often I find intangibles far exceed shareholders' equity.
I take them out of the balance sheet before I start looking at ratios.
MFB in NZ is a classic "Red Flag" to me.High intangibles and lots of debt.
Share opportunities are like buses.You miss one, you know there will be another coming along shortly.
But when you see the right one it pays to get onboard.
This coming year I may not get another ATP or 2CC,but you never know.?.l

ps.If I catch the wrong bus,I get off at the next stop.lol

I got into two wrong buses recently and I got off from them.

I also like real assets in balance sheets. Yes I agree we miss good buses but we find new good buses. During covid-19 I found a very good bus after missing few good buses.

[tim23]

NZ50 Gross is all that counts and we are in a massive bear market...

Don't get too caught up in funny measurements (not you BaaBaa)... The market hasn't moved a cent in 1690 days or nearly 5 years.

If you say so but how do you explain that at 11634 on Friday the market is off 15% off the all time high of 13644 reached on 8.1.21 and 9% above the 52 week low of 10695?

[SailorRob]

If you say so but how do you explain that at 11634 on Friday the market is off 15% off the all time high of 13644 reached on 8.1.21 and 9% above the 52 week low of 10695?

Because you're looking at the con man index, gross with dividends reinvested no fees no tax no actual transactions...

It's virtually impossible that it doesn't go up over time.

Have written extensively about this over the years.

https://milfordasset.com/insights/gr...at-capital-one

Most all other real indexes in the world are capital.

It's not if I say so... It's fact that anyone can check.

The real index isn't far off 1987 levels.

[tim23]

Because you're looking at the con man index, gross with dividends reinvested no fees no tax no actual transactions...

It's virtually impossible that it doesn't go up over time.

Have written extensively about this over the years.

https://milfordasset.com/insights/gr...at-capital-one

Most all other real indexes in the world are capital.

It's not if I say so... It's fact that anyone can check.

The real index isn't far off 1987 levels.

It’s not virtually impossible we are still down 15%

[SailorRob]

It’s not virtually impossible we are still down 15%

As I said...

We're down over 21%. Not 15%.

You're using the BS index designed to make everything look better.

[SailorRob]

It’s not virtually impossible we are still down 15%

Have BaaBaa and myself got through to you? Do you understand now that we're in a bear market and why?

Do you understand the difference between a gross index and a capital one?

[alokdhir]

It’s not virtually impossible we are still down 15%

Dont get too bogged down by this talk that NZX50G is fool's paradise ...its not ...If u want to track investor returns who invested in NZX50G index via a ETF ie NZG ...traded on NZX ...it is real index fund and follows Gross index and its returns are real ...

https://www.nzx.com/instruments/

https://smartshares.co.nz/types-of-f...and-shares/nzg

Study and U will know better ...There is another index called Portfolio Index ...its called NZX50P ...which FNZ follows ...its a capped index ie max weightage is not as per market cap as in NZX50G but capped at 5% which is more suitable for layman or index investments in NZ

Why Gross index was specially formed for NZ as its a defensive market with very high dividend yield unlike USA or other markets ...thus they wanted to incorporate dividend returns also into the index to truly reflect returns from equity investments in NZ

[SailorRob]

Dont get too bogged down by this talk that NZX50G is fool's paradise ...its not ...If u want to track investor returns who invested in NZX50G index via a ETF ie NZG ...traded on NZX ...it is real index fund and follows Gross index and its returns are real ...

https://www.nzx.com/instruments/

https://smartshares.co.nz/types-of-f...and-shares/nzg

Study and U will know better ...There is another index called Portfolio Index ...its called NZX50P ...which FNZ follows ...its a capped index ie max weightage is not as per market cap as in NZX50G but capped at 5% which is more suitable for layman or index investments in NZ

Why Gross index was specially formed for NZ as its a defensive market with very high dividend yield unlike USA or other markets ...thus they wanted to incorporate dividend returns also into the index to truly reflect returns from equity investments in NZ

It is impossible to achieve the return of the NZ50G for obvious reasons.

I understand the products you are talking about obviously.

Study why the index was formed and you'll know better.

Spend a good few hours on it. Study the man that created it, get your hands on documentation from the process at the time... Takes a lot of effort.

What you say is true but there is more to it.

[mike2020]

Well, where is the $1.35 people talked about?

[Ggcc]

Well, where is the $1.35 people talked about?

You might see price rises happen usually before a capital raise announcement. We may just get one early next year.