HGH - Heartland Group Holdings

[Beagle]

All I can work out from Craigs report is that they have not materially changes their financial forecasts and targets

They have added some additional commentary no doubt with a little help from the company

So the BUY only came about from a lower share price since when they said HOLD - not because they think Heartland is any better?

That's bang on the money mate...ie. they think concerns over dairy are overdone and clearly if you disagree of think its even worse it's a hold or a sell. That link you posted on Friday contained some rather disturbing initial anecdotal evidence surrounding what appears to be the very early stages of a meaningful correction is farm prices and as mentioned earlier stock prices are under extreme pressure with the freezing works low prices the only viable option for many in terms of reducing stock.

The other report we had last week of one of the banks in Northland basically calling in loans on dairy farms they thought were uneconomic (with the dramatically lower pending pay-out), can only serve to exacerbate any early downward price pressure

Interesting we were offered a 58ha dairy farm in the Waikato in exchange for some Auckland sections we own as a trade on Friday. They wanted close to $70,000 Ha. My wife and I told the swap broker they were dreaming, go away, we're not interested. I suspect many buyers will be waiting for a serious correction in land prices before reconsidering making any move.

[tim23]

interesting Roger those sections must be worth some $ so they might also correct?

[Crackity]

interesting Roger those sections must be worth some $ so they might also correct?

Everyone knows Auckland property only goes up

lol

[iceman]

interesting Roger those sections must be worth some $ so they might also correct?

I'm sure HNZ would recklessly fund any shortfall ��

[winner69]

What was Heartland advertising on TV tonite during the news?

Just saw the end of it

Good they out touting for business .....need organic growthp

[winner69]

Greensleeves says "We don't want to drip feed out bits and pieces and get inequality of information kind of thing. On the 18th there will be a lot more detail."

Hope it's in English and not Maori ....should be both though if he doesn't want any 'inequality'

[Baa_Baa]

What was Heartland advertising on TV tonite during the news?

Just saw the end of it

Good they out touting for business .....need organic growthp

Clever Ad, targets the vulnerable oldies for the reverse mortgage loans. Is it really better than just selling their house, if they have to, and putting the excess dosh else where? Possibly a good thing for some, but heartbreaking for many to lose control of their home to a bank and know one day, if they are unfortunate to live long enough, they'll have no equity and have been right royally up the rear, especially if the live to really old age. At least there's the government subsidy for their rest home care if needed. You have to realise that when these oldies signed up for their first mortgage, not only was it near impossible to get a loan, and at outrageous interest, when they did it was at the behest of the banker who was a pillar of society, someone to be trusted, beyond reproach. Sad to have to give back what they wanted so desperately and paid for so heavily to a bank who made it all possible.

[couta1]

Clever Ad, targets the vulnerable oldies for the reverse mortgage loans. Is it really better than just selling their house, if they have to, and putting the excess dosh else where? Possibly a good thing for some, but heartbreaking for many to lose control of their home to a bank and know one day, if they are unfortunate to live long enough, they'll have no equity and have been right royally up the rear, especially if the live to really old age. At least there's the government subsidy for their rest home care if needed. You have to realise that when these oldies signed up for their first mortgage, not only was it near impossible to get a loan, and at outrageous interest, when they did it was at the behest of the banker who was a pillar of society, someone to be trusted, beyond reproach. Sad to have to give back what they wanted so desperately and paid for so heavily to a bank who made it all possible.

I see a reverse mortgage as a good choice for those elderly that need the extra cash and at least they get to enjoy their hard earned cash themselves rather than leaving it to those that either don't deserve it and or the ungrateful. PS- Winner I don't really care what language they present the results in as long as its a forward thinking, adaptable and growth kinda language

[winner69]

Clever Ad, targets the vulnerable oldies for the reverse mortgage loans. Is it really better than just selling their house, if they have to, and putting the excess dosh else where? Possibly a good thing for some, but heartbreaking for many to lose control of their home to a bank and know one day, if they are unfortunate to live long enough, they'll have no equity and have been right royally up the rear, especially if the live to really old age. At least there's the government subsidy for their rest home care if needed. You have to realise that when these oldies signed up for their first mortgage, not only was it near impossible to get a loan, and at outrageous interest, when they did it was at the behest of the banker who was a pillar of society, someone to be trusted, beyond reproach. Sad to have to give back what they wanted so desperately and paid for so heavily to a bank who made it all possible.

But Heartland are the champions of 'socially responsible lending' and providing home equity release mortgages they are providing a community service.

We should be proud of our company.

[Beagle]

I'm sure HNZ would recklessly fund any shortfall ��

LOL we were asked to top up the deal with $2m cash which would have involved us getting into a 50 / 50 debt / equity arrangement on a dairy farm...like that was EVER going to happen after what I've written on this thread LOL.

Auckland property only ever goes up...luv it