HGH - Heartland Group Holdings

**janner** · 14-07-2013, 09:59 PM

Should really have said .. A good " Price " .. Not " a good time ". Because Price is all important..

**janner** · 14-07-2013, 10:13 PM

Forget the label Perc.. They are for polishing ego's..

Picked up a sporting T shirt that was Identical to one on special 50 % of.. 19.95 At REBEL..

For NZ$6.80 retail in China..

Most ( do not wish to be taken to court ) clothiers in NZ are just bloody rip off artists.

Some, just have better advertising skills..

Originally Posted by percy

Tim is right there.!
Only time I tried to be flash is I brought a jersey from Swanndri.Rubbish, as it fluffed up.At least postie jumpers look new after wearing them for more than 6 times.!!! [and half the price.!]
Amani ? Nice to know you are a peasant too.!!!!

**noodles** · 14-07-2013, 10:14 PM

There was an article by Chalkie in the Sunday Star times today. He did a nice brief on the company. Most of the comments from the brokers that was that it was fair value around 90c and that growth was the challenge.

Note: Sunday Star Times take a while for the article to make it on-line. It is not currently available.

**janner** · 14-07-2013, 10:22 PM

It is good to see so much comment appearing in the press.. HNZ is now on the radar..

Originally Posted by noodles

There was an article by Chalkie in the Sunday Star times today. He did a nice brief on the company. Most of the comments from the brokers that was that it was fair value around 90c and that growth was the challenge.

**percy** · 15-07-2013, 06:55 AM

Originally Posted by noodles

Are you sure? Correlation seems to have broken down a couple of months ago.

https://www.google.com/finance?chdnp...UbjdPMiKlAWdRw

Noodles.Thank you for posting the link.

**Balance** · 15-07-2013, 09:26 AM

Originally Posted by percy

From Direct broking site.No idea if they are correct or not.
. NTA Share price
HNZ 90 cents 83 cents
WBC A$10.71 A$29.11
NAB A$14.03 A$29.94
ANZ A$12.56 A$28.72
So CJ you have plenty of value on your side.A fast growing bank, paying a superior imputated dividend.Wise investing.

One persistent seller - buyers are however moving up their bids to take advantage of buying HNZ at below NTA.

How I miss my Trust Bank and Westpac shares - sold out too soon years ago after they doubled in value.

**noodles** · 15-07-2013, 09:50 AM

Originally Posted by percy

From Direct broking site.No idea if they are correct or not.
. NTA Share price
HNZ 90 cents 83 cents
WBC A$10.71 A$29.11
NAB A$14.03 A$29.94
ANZ A$12.56 A$28.72
So CJ you have plenty of value on your side.A fast growing bank, paying a superior imputated dividend.Wise investing.

Percy, do you mind explaining where the growth is coming from as I don't understand their business as much as I should

**percy** · 15-07-2013, 11:14 AM

Originally Posted by noodles

Percy, do you mind explaining where the growth is coming from as I don't understand their business as much as I should

Think Marac finance company with a bank licence.Financing equipment,motor vehicles and small business's requirements,including factoring.
Rural lending through PGW finance.Livestock,plant,equipment and seasonal finance.
Growth is very much in high margin business.With the demise of so many finance companies the opportunities for Marac [HNZ] and UDC [ANZ owned] are growing.
HNZ are not taking on the major banks in house mortgage finance.
There was a very good presentation given at last year's AGM.You may find it on NZX site.

**Balance** · 15-07-2013, 11:23 AM

Originally Posted by Balance

One persistent seller - buyers are however moving up their bids to take advantage of buying HNZ at below NTA.

How I miss my Trust Bank and Westpac shares - sold out too soon years ago after they doubled in value.

Train leaving the station.

Is that Snoopy I see running towards the train door?