HGH - Heartland Group Holdings

[percy]

That's a truly depressing post of yours Percy, just as I was coming to terms with things and seeing he bright side.

You said the other day that HNZ is (rightly or wrongly) being tarred with the same brush as these Aussie banks and that is the reason why the HNZ share price is falling.

Does this mean that if things continue to get worse for the Aussies then HNZ will be rerated and won't trade at lofty multiples and we will see the share price continue to fall?

Doesn't look too good for the nextvyear or two does it?

No.Once the year end result is announced, the market will realise Heartland do not share the Aussie Banks problems [which could include the Auckland property sector,and even the odd dairy farm!!!].
I would expect the odd brighter analysts can already see the difference.
I am off course mindful that Heartland will give us another pleasant surprise before the result is announced late August,either with a great acquisition,or a further credit rating upgrade.

[Beagle]

No.Once the year end result is announced, the market will realise Heartland do not share the Aussie Banks problems [which could include the Auckland property sector,and even the odd dairy farm!!!].
I would expect the odd brighter analysts can already see the difference.
I am off course mindful that Heartland will give us another pleasant surprise before the result is announced late August,either with a great acquisition,or a further credit rating upgrade.

Nice attempt there mate. So....If you can get your eyeball right down below the level of the table, the glass sitting on the edge thereof still looks half full.

[percy]

Nice attempt there mate. So....If you can get your eyeball right down below the level of the table, the glass sitting on the edge thereof still looks half full

No,the glass is three quarters full.The last announcement,two weeks ago was for 9 months trading.!

[Beagle]

No,the glass is three quarters full.The last announcement,two weeks ago was for 9 months trading.!

That'd be looking upwards from the floor mate.

[Joshuatree]

And singing "the piano hass been drrin king ;.... but not meee." hic
know when to hold emm ; no when to fold emmm ehh Rog



love tom waits music

[percy]

Nice to see a solid first half from UDC.[Owned by ANZ Bank ]
Another very well run,and profitable business in the finance sector.

[winner69]

Nice to see a solid first half from UDC.[Owned by ANZ Bank ]
Another very well run,and profitable business in the finance sector.

Big boss really happy with the really sold growth in loans on transport stuff and motor vehicles. I think she said motor vehicles growth up 23%

Would seem higher than Heartlands in this area ......are Heartland (Marac) losing share?

[percy]

Big boss really happy with the really sold growth in loans on transport stuff and motor vehicles. I think she said motor vehicles growth up 23%

Would seem higher than Heartlands in this area ......are Heartland (Marac) losing share?

Always possible?
I think you have to expect the business will see saw between them.
Yet, there seems to be plenty of room for both in this sector.
Both have enjoyed years of success in this sector.
Going from remarks, both are confident of years to come.
I share their confidence.

[winner69]

This paragraph in this article caught my eye
http://www.interest.co.nz/rural-news...on-after-sixth


"The Financial Stability Report was silent on what action would the RBNZ take if it believed the dairying sector was becoming a threat to financial stability. But we think the most likely response is that the RBNZ would require banks to hold a larger capital buffer against their existing agricultural loans, to absorb an expected rise in defaults"

Of course the farmers would be paying for this in higher rates, couldn't expect shareholders to cover that could we.

Then again Heartland is already so over capitalised it won't affect them.

[winner69]

Always possible?
I think you have to expect the business will see saw between them.
Yet, there seems to be plenty of room for both in this sector.
Both have enjoyed years of success in this sector.
Going from remarks, both are confident of years to come.
I share their confidence.

Could e one of the reasons why Heartlands profits have stagnated recently, like Q4 being less than Q3 and H2 being same as H2