HGH - Heartland Group Holdings

[percy]

As other banks' NZ business is about 10% of their total, their exposure to NZ dairying, while much bigger in absolute dollar terms, is about 1.5% of their total business. (15% of the 10%).

Correct.
ANZ has reduced their exposure at 31/3/2015 to $11.3 billion,so as you point out it is only a small % of their total business.
However, if you read this thread, I have been ridiculed for saying HNZ did not have the same exposure as the Aussie banks .
Like you, I am a great admirer of the Australian banks, and have only been doing comparisons, so people have a true picture that HNZ's dairying exposure has been low.
Yes the slow down in dairying will affect all NZ,but will have very little effect on HNZ's profit.

[winner69]

Jonas not being replaced

That should add $1 million to the bottom line

Good eh

[Joshuatree]

Yep
"HNZ’s balance sheet is in a strong position. The non-replacement of the Head of Strategic &Product Development’s position suggests less focus will be placed on value-accretiveacquisitions and more attention will be on organic growth. The latter is less capital intensive and lower risk"

[Beagle]

HNZ's approach to dairy customers that are presently going backwards is to simply keep supporting their clients through this...which of course implies that there is some light at the end of this very long and very dark dairy tunnel but what if like Iron Ore being depressed for many years we see the same pattern replicated with dairy ? How many years do they keep throwing good money at sharemilkers and farmers with unviable operations at the present low price, let alone if it falls further ? Lets all try and forget that Fitch a few months ago were warning regarding credit rating with dairy problems shall we ?
I see nothing, nothing at all. http://www.shutterstock.com/s/ostric...line=217847644

[winner69]

So Target of $1.30 is unchanged from several months ago.

So the 12 month target has been stretched to a 18 month target

Hardly stellar is it?

What's CETI anyway

[winner69]

Yep
"HNZ’s balance sheet is in a strong position. The non-replacement of the Head of Strategic &Product Development’s position suggests less focus will be placed on value-accretiveacquisitions and more attention will be on organic growth. The latter is less capital intensive and lower risk"

Did he get the sack then because the last acquisition hasn't been 'value accretive'

Just a thought

But that $1 million saved can shore the profits up from here on in eh

[winner69]

One good thing is that Craig's have many believers and a BUY on Heartland should give the share price a boost over the next day or two.

[Beagle]

Did he get the sack then because the last acquisition hasn't been 'value accretive'

Just a thought

But that $1 million saved can shore the profits up from here on in eh

Might be value accretive after all

[Xerof]

One good thing is that Craig's have many believers and a BUY on Heartland should give the share price a boost over the next day or two.

A slanderous post re Craigs was taken down and the writer appears to have copped a ban. Three days without down ramping should also boost the price Winner

[couta1]

One good thing is that Craig's have many believers and a BUY on Heartland should give the share price a boost over the next day or two.

Your be hoping they are not at all accurate with valuation of Sum at $3.71 aye (12 month target) actually come to think of it Roger likes Craig's valuation on that stock? What am I missing here?