HGH - Heartland Group Holdings

[winner69]

Hoop, someone else ? would you mind generating a chart of the three listed here for the last 6 months, HNZ, Westpac and ANZ and lets have a look at that claim. ?

D
Hope this works

https://au.finance.yahoo.com/q/bc?t=...BC.NZ%2C+&ql=1


HNZ seems to have down more

Even on 3 months as well

[cheeky]

A few people were still trying to get out in pre-close [50,000 at or below $1.10]. Large chunk of the support at $1.13 has been taken as a result.
Currently leaves a 3c spread with 50,000 on offer at $1.16. What's in store for tomorrow?

[percy]

In the spirit of disclosing as it happens, instead of weeks after the event, I bought some at 113 about 10 mins ago. Still only a small position overall......and the only bank/fin coy I have

I also brought today at $1.13 at the close.

[Balance]

A few people were still trying to get out in pre-close [50,000 at or below $1.10]. Large chunk of the support at $1.13 has been taken as a result.
Currently leaves a 3c spread with 50,000 on offer at $1.16. What's in store for tomorrow?

Mirroring the movements of the Australian banks. No big hurry to invest until interest rates stabilizes.

[Baa_Baa]

It seemed almost as if today was choreographed with recent price performance and off the back of most global markets reacting to Shanghai turning to custard.

Seems like a capitulation from a few holders, maybe some locking in profits from earlier times, others sniping what looks like a good deal. Fact is though, today the SP touched down on the 100% retrace of the break-up move beginning Jan12 at $1.12. That while dramatic, was only on about 25% more volume than the recent average, so it's not a wholesale get the * out of here type sell off.

Tomorrow will be telling, my simple chart has numerous resistance lines above which were previously support, but more interesting is the trend line support below at 1.10 (only nominal support I'd say) and the horizontal support of the previous move at 1.04 (strong, hopefully).

Surely it won't go there will it? It is a banking stock though, so I guess it just ebbs and flows from time to time along with global fiscal confidence, regardless of underlying fundamentals.

So ending where I started, keep an eye on Shanghai this evening and what flow on effect it has on the european and in particular the USA markets.

[Xerof]

It's there or thereabouts Baa Baa. To me it's already come off 'expensive' to a fairer price level. It may well yet get cheaper, but I'll add a few more to my very modest holding if it does. My view is there is an overhang of stock that came from Q into not only insto, but also retail hands, mainly the types that get a call from the distributing broker. Plenty of bravado usually surrounds these sort of trade placements done in the evenings before market open. Sometimes pays off, sometimes not - seems this one was astutely placed by the seller (the NZR placement, as another example, was priced much better for the buyers)

JMT's

[noodles]

It's there or thereabouts Baa Baa. To me it's already come off 'expensive' to a fairer price level. It may well yet get cheaper, but I'll add a few more to my very modest holding if it does. My view is there is an overhang of stock that came from Q into not only insto, but also retail hands, mainly the types that get a call from the distributing broker. Plenty of bravado usually surrounds these sort of trade placements done in the evenings before market open. Sometimes pays off, sometimes not - seems this one was astutely placed by the seller (the NZR placement, as another example, was priced much better for the buyers)

JMT's

My broker called me for the HNZ placement out of courtesy as I had expressed interest in the placement prior. He was almost apologetic that the price was so high. There was certainly no sell job on me.

So I think you may well be correct about the Quadrant selldown affecting the shareprice. If this is in fact the reason for the decline, it may be a great buying opportunity.

I look forward to the outlook statement when the full year results are announced.

[Beagle]

D
Hope this works

https://au.finance.yahoo.com/q/bc?t=...BC.NZ%2C+&ql=1


HNZ seems to have down more

Even on 3 months as well

Thanks winner, pretty telling chart for the bank that's supposed to be the safest with by far the highest capital. ratio isn't it and eagle eye'd observers will note that the Aussie banks have made something of a muted recovery since early June whereas on the other hand as the dairy custard news has really started to hit the fan in June and July HNZ shares have gone down the toilet with the dairy price. Others may think i'm drawing a long bow especially given the aussie banks also have massive exposure to dairy but how is it that HNZ shares have declined so hard contemporaneously with the dairy price collapse ?...coincidence or a sign of systemic forthcoming issues for those lenders specialising in loans where the herd itself is the primary security ?, you be the judge. Maybe the fact that dairy farm values to date have held up pretty well means investors in other banks, (at least so far), are less concerned with the potential for loan loses when there's farmland involved ?
Disc, still don't own any and not intending too acquire any, anytime soon.

[Joshuatree]

Try the 1 year chart;tells a different story; quite remarkable in fact. Still holding.

[Beagle]

Speaking of technical analysis generally, as we all know one of the most recognised methodologies is the 200 day moving average and a clear breech of same being recognised as a change in fundamental underlying trend line for the company. I find it curious that so many who were extoling the virtues of this well recognised technical analysis tool when this decline started to take hold (for as long as HNZ's price was above that indicator), now seem so ready to abandon that methodology and revert to their own beliefs surrounding their own personal perception of fundamental value. Go figure ?