HGH - Heartland Group Holdings

[winner69]

Heartland less than a billion now ….probably a few having a look


DATAROOM
Global investors sniffing around non-bank lenders

International private equity groups have been swooping on the Australian market of late, eager to understand the merits of buying a listed non-bank lender.

By BRIDGET CARTER

[bull....]

Heartland less than a billion now ….probably a few having a look


DATAROOM
Global investors sniffing around non-bank lenders


International private equity groups have been swooping on the Australian market of late, eager to understand the merits of buying a listed non-bank lender.

By BRIDGET CARTER

mifght be more credible if it was from AFR

[bull....]

probably struggling to get funding against the main banks in this environment . update should tell us

[ronaldson]

Close at $1.31 today, which continues a sharp decline.

Not sure if the Challenger acquisition outcome, which should be disclosed by the end of the month, would be a positive or a negative in this environment but surely longer term will underpin a rerate?

[Forrestdun]

Assume HGH has made around $2.4 mil AUD over the last 5 days due to its share holding in HMY. They own 10% if I remember correctly…

[Muse]

Close at $1.31 today, which continues a sharp decline.

Not sure if the Challenger acquisition outcome, which should be disclosed by the end of the month, would be a positive or a negative in this environment but surely longer term will underpin a rerate?

I think Challenger is a real overhang on the share and could be for a year or so. If you revisit the latest trading announcement tacked at the bottom is a comment that if it was acquired on 31 March 2024 it would contribute a c$3m loss over the 3 month period ended 30 June 2024. So the company is paying cash for a book that is losing ~12m pa annualised (a horrifying though). Obviously as it raises deposits and refi’s the australian business things will improve markedly but that’ll take some time. I guess 12-18m but just speculation. So be a bit of a overhang until that resolved.

The 2nd dynamic is large shareholders have been selling down as with the price dynamics at play easy to see the SP crashing through TERP if/when an equity raising is announced to support the acquisition.

[winner69]

Assume HGH has made around $2.4 mil AUD over the last 5 days due to its share holding in HMY. They own 10% if I remember correctly…

Doesn’t count ……not part of Underlying NPAT

Good though ……might get all their investment back one day

[bull....]

Heartland Bank slices its fixed home loan rates with big cuts to all terms, opening up a big differences to main bank rates

https://www.interest.co.nz/personal-...-terms-opening

making a play for extra business

[Balance]

Heartland less than a billion now ….probably a few having a look


DATAROOM
Global investors sniffing around non-bank lenders

International private equity groups have been swooping on the Australian market of late, eager to understand the merits of buying a listed non-bank lender.

By BRIDGET CARTER

The Australian - purveyor of rumours & speculations fed to it by rampers.

How many times have they spread the rumour of impending takeover of ATM? I have lost count!

[bull....]

big volumes selling this week something smelly ?