HGH - Heartland Group Holdings

[winner69]

Well mate, think of it like this - a lending service has a much higher chance than Xero to generate profit! And if you're not convinced then put the minimum $500 up on HarMoney to "invest" it and see how the system works. If it is good and works well then sweet, you have yourself a decent platform. However should it be otherwise then people will soon come to a reality check!

Simple

Already have

[dingoNZ]

Already have

I like the idea and am gonna throw a bit at it and see what happens

[iceman]

A very interesting interview with Greenslade on NBR Online (under paywall) today where he explains the thinking behind the HarMoney purchase.
He gives an interesting example of where they see the benefit for HNZ:
"A lot of our customers come to us at a point of purchase, for example when they are at a car dealer and come to us for motor vehicle finance. But HarMoney means we could get to customers before they go to the car dealer so we could help them at an earlier stage of their decision making"

He also says he can not confirm whether they will make further acquisitions before Christmas but says they are actively looking at a few options.

Keep it up Jeff

[noodles]

A very interesting interview with Greenslade on NBR Online (under paywall) today where he explains the thinking behind the HarMoney purchase.
He gives an interesting example of where they see the benefit for HNZ:
"A lot of our customers come to us at a point of purchase, for example when they are at a car dealer and come to us for motor vehicle finance. But HarMoney means we could get to customers before they go to the car dealer so we could help them at an earlier stage of their decision making"

He also says he can not confirm whether they will make further acquisitions before Christmas but says they are actively looking at a few options.

Keep it up Jeff

Yes very interesting. It looks like some strategic thinking going on here. I also like the chances of another acquisition. Hopefully this will provide a catalyst for another share price boost.

[percy]

It all seems to be taking off since Winner69 declared his overweight position.!!!
Thank you winner69.

[Harvey Specter]

Yes very interesting. It looks like some strategic thinking going on here. I also like the chances of another acquisition. Hopefully this will provide a catalyst for another share price boost.

Only a 10% stake though. They should have got the option to increase to 20% atleast, since their funds will no doubt under right its early growth.

[percy]

Only a 10% stake though. They should have got the option to increase to 20% atleast, since their funds will no doubt under right its early growth.

Yes I agree with you,but should HarMoney take off I think they will need further capital,and at time we may see Heartland increase its holding.

[winner69]

Financially return wise for HNZ this is really is peanuts. I feel it that from a strategic view P2P is here and will have its use so it is good that HNZ is involved, even if only from a risk mitigation point of view. Also sends that message that Heartland is more than just a boring old bank waiting for things to happen.

In Britain P2P lending was just $1 billion pounds in 2013, but growing. I posted a link to a lot of numbers and developments earlier in the year (copied to Jeff)

One segment seen to be catching on was SME using these alternative ways to fund their businesses cash requirements.

Something that Heartland could explore. They already into invoice financing.

Watch this space



But it does signal that strategic thinking is alive

[Harvey Specter]

Financially return wise for HNZ this is really is peanuts. I feel it that from a strategic view P2P is here and will have its use so it is good that HNZ is involved, even if only from a risk mitigation point of view. Also sends that message that Heartland is more than just a boring old bank waiting for things to happen.

In Britain P2P lending was just $1 billion pounds in 2013, but growing. I posted a link to a lot of numbers and developments earlier in the year (copied to Jeff)

Lending Club did $1B in 3 months. Its valuation is huge : http://techcrunch.com/2014/08/27/len...-for-500m-ipo/

[winner69]

Lending Club did $1B in 3 months. Its valuation is huge : http://techcrunch.com/2014/08/27/len...-for-500m-ipo/

Thanks for that, very interesting eh

Fascinating that the way is heading there I going to be more money in setting something up and collecting fees along the way than taking money in and lending at a margin.

So this Lending Club is worth more than HNZ

Wonder what HarMoney will be worth in 3 years time?