HGH - Heartland Group Holdings

[noodles]

Net interest margin not mentioned in any of half year announcements or the Interim Report

Can only assume the much touted consistent margin growth has ended and margins are now contracting .....and we don't want to talk about any more. No more pretty graphs

Jeez if they fall back to what other banks achieve we are in trouble.

Competition hotting up. SBS see to have great plans.

Not sure what you are worried about. Management have stated for quite some time that margin growth will slow. They have been a bank for a while now, so the interest rates they pay to deposit holders are not going any lower. There were no graphs in the interim report last year either.

SBS is getting into 10 year mortages. Not a HNZ business. What else are you concerned about?

[couta1]

Not sure what you are worried about. Management have stated for quite some time that margin growth will slow. They have been a bank for a while now, so the interest rates they pay to deposit holders are not going any lower. There were no graphs in the interim report last year either.

SBS is getting into 10 year mortages. Not a HNZ business. What else are you concerned about?

Noodles reading a report from SBS recently they are just getting started so to speak and are looking to move into different areas definitely competition and a very good organization. They have a diverse loan portfolio including the agriculture sector.

[winner69]

This gives some idea of SBS plans. Their CEO seems pretty dynamic sort
http://www.stuff.co.nz/business/indu...with-big-plans

They say they little ..... ut I was surprised that are not that much 'littler' than Heartland

Always good to keep an eye on the competition

[winner69]

Not sure what you are worried about. Management have stated for quite some time that margin growth will slow. They have been a bank for a while now, so the interest rates they pay to deposit holders are not going any lower. There were no graphs in the interim report last year either.

SBS is getting into 10 year mortages. Not a HNZ business. What else are you concerned about?

margin growth will slow - growth not slowing noodles, probably declining

Maybe we better get Snoopy to calculate for us

Geoff loved that margin chart in his presentations - not included this time around in the presentations.

[Beagle]

All seems okay to me. NIM probably down a bit but that will reflect the change in lending mix with HER loans being power margin.
Lending growth looks sound. They seem very confident of meeting their forecast of $46-48m. Forecast about 10.2 cents EPS and at $1.30 they're on a 2015 PE of 12.75 times which seems cheap for a bank growing weighted average EPS at 13%. Plenty of talk of growth to come in the years ahead. I think Institutions are playing silly buggers with the SP so they can grab themselves a bargain in a potential forthcoming placement regarding stock overhang I previously mentioned.

[percy]

Fantastic report.!!
Maori,and a fine photo of our splendid legal team.
Now to the meaty bits.
The use of "well positioned" twice signals strong hold/buy.
But the real giveaway, was the use of "significant" four times.Used twice signals strong buy,but four times means raging buy.
And to top it all off;"We are beginning the next phase of our evolution and our sights are firmly on growth."
Wonderful exciting stuff !!!!.

[Baa_Baa]

Seems an excellent interim report to me. Some may see good buying opportunity here right on the 50EMA at $1.30

[SCOTTY]

Fantastic report.!!
Maori,and a fine photo of our splendid legal team.
Now to the meaty bits.
The use of "well positioned" twice signals strong hold/buy.
But the real giveaway, was the use of "significant" four times.Used twice signals strong buy,but four times means raging buy.
And to top it all off;"We are beginning the next phase of our evolution and our sights are firmly on growth."
Wonderful exciting stuff !!!!.

Ah yes, the legal team - beauty and brains
HNZ have bought a small holding in ORA HQ Ltd. According to the Companies Office the holding is 12%. Could be interesting?

[vin]

Contemplating jumping in again.. hmm

[Harvey Specter]

HNZ have bought a small holding in ORA HQ Ltd. According to the Companies Office the holding is 12%. Could be interesting?

Unusual. Not sure how this ties into banking? My understanding is they are a company that helps SME with online advertising/marketing. Interesting that Ora HQ current Finance partner is Westpac so maybe there is a finance element to it. Which maybe why they have kept the investment quiet - the dont want it public till the contract with Westpac expires.