HGH - Heartland Group Holdings

[kizame]

Excellent home equity loan adds on TV1 between 5:30 and 6 tonight,very well put together.
Was pleasantly surprised by the possible reasons for needing a loan,very informative.

[forest]

According to Bing finance Milford recently Kiwisaver growth fund has been buying HNZ together with a few more funds. This can only be positive for the SP.

[Snow Leopard]

HSBC NZ records 38% March quarter rise in impaired assets on back of one corporate loan


Never good to have too much in one loan.

Best Wishes
Paper Tiger

[BlackPeter]

HSBC NZ records 38% March quarter rise in impaired assets on back of one corporate loan


Never good to have too much in one loan.

Best Wishes
Paper Tiger

true , but according to your link it is still only 0.073% of HSBC's loans which are impaired. Hardly a problem.

[Snow Leopard]

true , but according to your link it is still only 0.073% of HSBC's loans which are impaired. Hardly a problem.

Go read it again.

Best Wishes
Paper Tiger

[Harvey Specter]

true , but according to your link it is still only 0.073% of HSBC's loans which are impaired. Hardly a problem.

Go read it again.

Previous quarter, $142 impaired being 0.073%
Now $195m so should be about 0.01%. 0.073% to 0.01% being approximately 38% increase also reconciles.

Hardly a problem.

And even less of a problem for Heartland Bank.

[Snow Leopard]

Previous quarter, $142 impaired being 0.073%
Now $195m so should be about 0.01%. 0.073% to 0.01% being approximately 38% increase also reconciles.

Hardly a problem.

And even less of a problem for Heartland Bank.

OK now I am getting seriously worried - two posters who read less than 100 words and incorrectly extract information.


Best Wishes
Paper Tiger

[traineeinvestor]

Looks like a pretty substantial deterioration in the quality of HSBC's loan book:

Sept 30, 2013 - $2.4 million of impaired loans (0.073% of net loans)
March 31, 2014 - $195.4 million of impiared loans (5.85% of net loans)

I hope that is not indicative of the finance industry in general.

[percy]

Impaired loans reaching 5.85% of net loans is a huge % to have impaired.
I would expect some one's job at HSBC NZ is very much impaired!!!!!!
Will be a major concern to HNZ shareholders should we read of a new HNZ appointment,whose career has been with HSBC NZ !!!!

[Longhaul]

Will be a major concern to HNZ shareholders should we read of a new HNZ appointment,whose career has been with HSBC NZ !!!!

Hoping that HNZ managers would be smart enough not to do that!