HGH - Heartland Group Holdings

[Snoopy]

From the bottom of p12 of the 2012 financial statements:

"The Group enters into transactions whereby it transfers assets recognised on its Statements of Financial Position, but retains either all risks and rewards of the transferred assets or a portion of them. If all or substantially all risks and rewards are retained, then the transferred assets are not derecognised from the Statements of Financial Position. Transfers of assets with the retention of all or substantially all risks and rewards include, for example, securitised assets and repurchase transactions." (my bold emphasis)

So HNZ retains the downside risk for their sold off securitized assets after all?

I approve of HNZ using securitized loans to optimize their capital structure. But if these same loans can be used to hide liabilities 'off the balance sheet' then this is a real worry. If I was a shareholder, this is the question I would be asking at the HNZ AGM!

SNOOPY

[Balance]

Any TA'ers like to comment on HNZ recent movements? Looks to me like a pretty clear set of signals to buy. Textbook example?

Good for a trade.

[winner69]

I approve of HNZ using securitized loans to optimize their capital structure. But if these same loans can be used to hide liabilities 'off the balance sheet' then this is a real worry. If I was a shareholder, this is the question I woudl be asking at the HNZ AGM!

SNOOPY

Get drummed out of the brownies or something like that if you mention things like this on this thread ..... bad reaction when I mentioned something similar, seemed to upset one or two ....... of course HNZ would never do this Snoopy.

[Balance]

Get drummed out of the brownies or something like that if you mention things like this on this thread ..... bad reaction when I mentioned something similar, seemed to upset one or two ....... of course HNZ would never do this Snoopy.

If they do, it's sayonara to banking license.

[percy]

If they do, it's sayonara to banking license.

I agree.
The fact they wanted [and have now applied for] a bank licence means they are being well behaved "boy scouts".
This adds a large measure of security for shareholders,as does the very conservative equity ratio of 16%.
Moving steadily on an upward trajectory.Time to load up as the train is about to leave the station.Toot Toot.

[winner69]

.............upward trajectory.Time to load up as the train is about to leave the station.Toot Toot.

UP UP AND AWAY sounds better

[geezy]

UP UP AND AWAY sounds better

just like my signature

[percy]

UP UP AND AWAY sounds better

To right it does.!!!
Watch out for Belgarion's balloon.Easy to spot as it is in the shape of a GIGANTIC Pyramid....Hoot Hoot..!

[winner69]

A guy (somebody who once posted here) made this comment in the NBR ..... "Luckily Nelson Building Society have now entered the Ashburton market with their old core values and customer loyalty"

He got the one finger salute or whatever from the HNZ loyalist .... serves him right eh

Surely old core values and customer loyalty wouldn't work in places like Ashburton .... and take business away from Heartland

[percy]

A guy (somebody who once posted here) made this comment in the NBR ..... "Luckily Nelson Building Society have now entered the Ashburton market with their old core values and customer loyalty"

He got the one finger salute or whatever from the HNZ loyalist .... serves him right eh

Surely old core values and customer loyalty wouldn't work in places like Ashburton .... and take business away from Heartland

We wish him well and trust he has a fast and safe trip back to Nelson.