HGH - Heartland Group Holdings

[winner69]

Just as expected. Nothing new except for a bit of tinkering around the edges to get to $48.2m

Even that Tier 2 stuff is not new. Love banks borrowing to give back to shareholders.

Underwhelming!!!!!!!!!!!!!!!

[couta1]

Just as expected. Nothing new except for a bit of tinkering around the edges to get to $48.2m

Even that Tier 2 stuff is not new. Love banks borrowing to give back to shareholders.

Underwhelming!!!!!!!!!!!!!!!

Mr Market doesn't think so, your a hard man to please.

[iceman]

Yes a great result across all areas of the business. Share buyback coming our way and a final fully imputed dividend of 4.5c. Not to be sneezed at.

This about the rural sector impairments :
Impairments in the Rural division were low for the Current Reporting Period
and include adequate provisions for the dairy sector. Impairments in the Business division
, although higher than the Previous Corresponding Reporting Period,
were at expected levels.

[trader_jackson]

Underwhelming??? How is beating almost all market expectations in almost all areas underwhelming?

Very very hard man to please

[iceman]

Just as expected. Nothing new except for a bit of tinkering around the edges to get to $48.2m

Even that Tier 2 stuff is not new. Love banks borrowing to give back to shareholders.

Underwhelming!!!!!!!!!!!!!!!

A bit mischievous there winner ! They will reduce Tier 1 capital and issue some Tier 2 capital but regulatory minimum capital ratios will reduce only from the very healthy 12.9% to 12.5%. Pretty healthy don't you think ?

[blackcap]

I guess the share price action this morning suggests the market was expecting this result?

[winner69]

Underwhelming??? How is beating almost all market expectations in almost all areas underwhelming?

Very very hard man to please

Met market expectations and analyst forecasts - +/- a fraction

Pity about the $12m in bad debts - $6m more than last year. We can't even blame dairy for that can we.

Without that huge increase in bad debts I would agree with you that it would have been stunning.

[RTM]

From my perspective a good result, really nice to have the dividend increase. To me that is an important consideration..
I was a little surprised by this:

" As at 30 June 2015, Heartland Bank had also lent approximately $32.8m through the Harmoney platform"

Had not expected HNZ to be using the Harmoney platform to this extent. Not quite sure how to think about this.

[winner69]

I guess the share price action this morning suggests the market was expecting this result?

It's going up ....relief rally?

[trader_jackson]

No need to worry, the market just needs some time to sit back and digest such a great result