HGH - Heartland Group Holdings

[Beagle]

Take a deep breath and relax, just another bad market day in general where a lot of silly buggers lose a lot of money, I'd rather just look at a bigger red arrow, heaps of snow falling today on the Q/Town skifields so all good.

Far more serious than that mate. Last year's pay-out was only $4.40 and now they're looking at $3.85. Sharemilkers with 61% debt, virtually none of them, can make money at these sort of payout's.
Even dairy farmers who own their land are leveraged to 61% are in real trouble. Worse, there is no sign of any light at the end of this tunnel, (deep mineshaft ?) and world-wide production is ramping up at the same time that demand appears to be falling. $200m advanced to 61% LVR to this sector.

HNZ should come clean, take some write-offs and heads need to roll that allowed average sector debt to ever got this high to a commodity sector with change-able fortunes in the first place. They should also recant their FY16 forecast and come clean and admit forecasting profit in this environment is impossible....but none of this will happen because just like the European banks that don't want to write-off their loans to Greece, taking a charge against these loans implies they made a mistake in the first place advancing them the money...and we can't have that when we're paid a seven figure salary can we !!

[warthog]

Far more serious than that mate. Last year's pay-out was only $4.40 and now they're looking at $3.85. Sharemilkers with 61% debt, virtually none of them, can make money at these sort of payout's.
Even dairy farmers who own their land are leveraged to 61% are in real trouble. Worse, there is no sign of any light at the end of this tunnel, (deep mineshaft ?) and world-wide production is ramping up at the same time that demand appears to be falling. $200m advanced to 61% LVR to this sector.

HNZ should come clean, take some write-offs and heads need to roll that allowed average sector debt to ever got this high to a commodity sector with change-able fortunes in the first place. They should also recant their FY16 forecast and come clean and admit forecasting profit in this environment is impossible....but none of this will happen because just like the European banks that don't want to write-off their loans to Greece, taking a charge against these loans implies they made a mistake in the first place advancing them the money...and we can't have that when we're paid a seven figure salary can we !!

You mean no new Audi A6 S-Line and trip to Disneyland (including the leather Disneyland jacket to prove they were there) for sharemilkers this year???

104k shares for sale at $1.12 … spot of downwards pressure.

Shocking, the hog says. Shocking!

[neyney2010]

now it's really fuked

[Marilyn Munroe]

You mean no new Audi A6 S-Line and trip to Disneyland (including the leather Disneyland jacket to prove they were there) for sharemilkers this year???

Shocking, the hog says. Shocking!

Just heard of a worker for a share milker, of European origin who is here on a work permit, who has been given four weeks notice.

He will try to find alternative work permit compatable work but is not optimistic. He fully expects to have to return to the EU.

Boop boop de do
Marilyn

[GTM 3442]

It's just a reminder of how little the New Zealand economy has changed over the twentieth century.

From 1900 - a predominantly urban country making a living from exporting commodities, New Zealand has, by 2015, evolved into a predominantly urban country making a living from exporting commodities.

Still a price-taker on the world stage.

And with the same reliance for capital on an overseas-controlled banking system.

Heartland, TSB, (and Kiwibank?) share the same disadvantages of (small) scale, so will feel more pain earlier.

Wondering if topping up at $0.95 would still make sense. . .

[Joshuatree]

now it's really fuked

Ilooked fuked up and now see where you're at right? If so there is plenty of help available; they can help you to help yourself.

it means that some people think they are that worthless that they will settle for abusive love. they attract the people that treat them how they think they deserve to be treated. others may have their sense of self-worth so won’t settle for anything below what they deserve. how you view yourself is how you’re going to be treated is what it’s saying. so, if you think you deserve more for yourself, that’s what you’re going to get, but if you don’t think you’re a good person, you will settle for much less than you really do deserve. don’t depreciate yourself, because one day you’re going to find someone who will give you everything you deserve and more.

[couta1]

Roger I know dairy is in serious doo doo right now but the total extent of the effect of it on HNZ is pretty much unknown at this point and is dependant on many factors including how long the situation goes on and the resilience of the individual indebted farmer concerned, not a good day for the stock today but that's in the context of a pretty battered NZX and ASX and a good dose of panic selling but not on huge volume at 815k shares traded ( Average volume is 1.6 million)

[Beagle]

You mean no new Audi A6 S-Line and trip to Disneyland (including the leather Disneyland jacket to prove they were there) for sharemilkers this year???

104k shares for sale at $1.12 … spot of downwards pressure.

Shocking, the hog says. Shocking!

That three year old oilskin jacket has never looked so good.

Couta1 mate, 61% average loan to inflated asset value speaks for itself. That is surely right at the very uppermost debt level's of dairy farmers in N.Z.

[nextbigthing]

I see Fonterra are going to step in with $430M worth of loans to those in need.

I wonder if Heartland will qualify.

[Joshuatree]

Thats awesome that Fonterra are stepping up for their farmers.Maybe you guys should be on the Fonterra thread; there is one reactivated for you; You're welcome