HGH - Heartland Group Holdings

[tim23]

Axe - TME was in a nice uptrend before it went xd while HNZ is off from $1.42 anyway so hardly in an uptrend now?

[dingoNZ]

a correction is natural and healthy - not worrying in the slightest here, just an opportunity to top-up

Disc: happily holding (and buying)

[tim23]

But is it still in uptrend? I still hold

[Snow Leopard]

But is it still in uptrend? I still hold

Long term it is still going up

The downtrend that began on 5/6 -Feb could be deemed to be (just) intact.

See what next week brings

Best Wishes
Paper Tiger

[RTM]

A door closes;

http://www.stuff.co.nz/business/indu...ss-sold-for-8b

I guess so.

At $8Bn this might have been a step to far for HNZ ?
The Home Equity Release Mortgage Businesses were bought for $87Million
A GE deal would have been huge in comparison. NZ$8.5B.
Happy with what they are doing at the moment. They are my biggest NZ holding.
Cheers
RTM

[Harvey Specter]

At $8Bn this might have been a step to far for HNZ ?

That would have required an extra $800m equity??

[Beagle]

A door closes;

http://www.stuff.co.nz/business/indu...ss-sold-for-8b

They only ever said they were interested in parts of it, (too big as a complete unit).

Vendors obviously wanted a clean / complete exit.

I'm happy for HNZ to continue to grow organically and / or with smaller bolt-on acquisitions and am a happy holder.

[noodles]

They only ever said they were interested in parts of it, (too big as a complete unit).

Vendors obviously a clean and complete exit.

I'm happy for HNZ to grow organically and / or with smaller bolt-on acquisitions and am a happy holder.

Not quite complete exit. They are holding on to the commercial lending business.

Their debt consolidation business is ripe for disruption from peer to peer lenders. This may well be the reason they are exiting the business. Have GE said why they are exiting?

I am happy that Heartland are not getting into this. MTF is a far better fit.

[Beagle]

Not quite complete exit. They are holding on to the commercial lending business.Their debt consolidation business is ripe for disruption from peer to peer lenders. This may well be the reason they are exiting the business. Have GE said why they are exiting?

I am happy that Heartland are not getting into this. MTF is a far better fit.

That seems to fit with their earlier stated objectives, see http://finance.yahoo.com/news/ge-pla...161320136.html
Totally agree with you about MTF but are they willing dance partners ?

[Beagle]

Maybe that consortium will try and buy Heartland next instead!

Roger said his shares are up for grabs (for a cool $6 a pop). Get Percy on board and you're looking at 60% of the company already.

Good bit of humour to end the day on, thanks mate.