HGH - Heartland Group Holdings

[gv1]

Sorry Mate Roger, didn't realise you were banned, welcome back. Missed you here, your honest and reliable analysis. I have loaded on Scales for last two days.

[Beagle]

Winner - Handover - Love it...I have an interesting story to tell about how much pressure they put on people to reinvest towards the end...remind me to tell you sometime over a beer.
Jantar - I am not suggesting all of their loans to dairy farmers are in trouble, (note my cryptic reference to this being a $64 million dollar question). I was going to put $64,000 question but that hardly seemed appropriate in the circumstances. Within the normal statistical range, really ? When was the last time GDT auction prices were under $2,000 a tonne ? Some economists are whispering about a $3 pay-out level...how do you think dairy farmers with an average of 61% debt will cope with that nightmare ?

Thanks gv1. SCL now my biggest position. Superb, conservatively managed company with excellent growth prospects.

[psychic]

I may have missed this somewhere in the conversation, but dairy farmers now have an average 61% debt level?

[Beagle]

I may have missed this somewhere in the conversation, but dairy farmers now have an average 61% debt level?

HNZ's customers do and HNZ are taking an approach of supporting their clients through this and we all know what that does to the LVR

[psychic]

HNZ only say their loans to the specific security value is 61% don't they?

[winner69]

HNZ only say their loans to the specific security value is 61% don't they?

And lets not forget about the other things they look at to assess loan quality.

[Beagle]

http://www.nzherald.co.nz/business/n...ectid=11489246

I make no apology for posting this article in here as its clear that the level of possible future default on these circa $230m, (and increasing), loans will be a major determining factor in HNZ's future profitability.

[Jantar]

I make no apology for posting this article......

Hey, no need to apologise. It the free sharing of information and opinions that allow each of us to make our own decisions. Keep it up.

[winner69]

http://www.nzherald.co.nz/business/n...ectid=11489246

I make no apology for posting this article in here as its clear that the level of possible future default on these circa $230m, (and increasing), loans will be a major determining factor in HNZ's future profitability.

TPPA not looking too flash for dairy either

[vorno]

TPPA not looking too flash for dairy either

Really? I thought one point of the TPPA was to breakdown barriers (tarrifs & the like) for our dairy exports.
(Semi-related, as selling milk helps pay for HNZ loans)