HGH - Heartland Group Holdings

[trader_jackson]

There must be a huge seller in the market right now (hence the depressed share price)... there are (and have been) a lot of sell orders around the $1.15 mark... any idea as to who it would be?

[Xerof]

Doesn't help to know who really, it's the collective "them"

but Hoop's chart this morning was a nice perspective of where it's at - retesting the breakdown line out of the channel.

check if the elephant looks pissed off......

[percy]

Well one broking firm has been "holding itself at the ready."
Chris Lee & Partners Ltd.
Market News...27th July 2015.
Bank Issues-
We maintain our mail list for the prospect of subordinated bond offerings from the NZ banks.

[ziggy415]

Well one broking firm has been "holding itself at the ready."
Chris Lee & Partners Ltd.
Market News...27th July 2015.
Bank Issues-
We maintain our mail list for the prospect of subordinated bond offerings from the NZ banks.

will a bond issue put pressure on the sp or does it attract a different type of investor

[iceman]

will a bond issue put pressure on the sp or does it attract a different type of investor

Yes I think a different investor or at least a different part of an investors portfolio. Also given that at the same time they are considering a share buy back, I'd expect an upward push on the SP

[couta1]

will a bond issue put pressure on the sp or does it attract a different type of investor

Bonds attract a more conservative type investor generally(Yikes that was me a few years ago) Would have no effect on the share price although it does change the companies liabilities.

[Beagle]

Bonds attract a more conservative type investor generally(Yikes that was me a few years ago) Would have no effect on the share price although it does change the companies liabilities.

Not a Basil 3 compliant issue mate...its treated as capital raised and then they can go and do lovely creative things like a share buy-back of the ordinary shares Does that count as an up-ramp

[winner69]

Not a Basil 3 compliant issue mate...its treated as capital raised and then they can go and do lovely creative things like a share buy-back of the ordinary shares Does that count as an up-ramp

And buying back shares good,especially with that pile of excessive capital being a drag on the balance sheet.

Buying back 10% of the shares would increase EPS by more than 1 cent and dividend should increase

Market uses same valuation ratios and just like that Heartland share worth 12/13 cents more. Yippee

If a buyback goes ahead my $1.40 becomes $1.50 plus

[percy]

Bonds attract a more conservative type investor generally(Yikes that was me a few years ago) Would have no effect on the share price although it does change the companies liabilities.

Depending on the size of the issue, it could have a significant affect on the share price.
A large issue means more funds available for the share buyback.
A share buyback will straight away improve ROE,EPS, and will result in HNZ having the capacity to increase the dividend further.

[Beagle]

And buying back shares good,especially with that pile of excessive capital being a drag on the balance sheet.

Buying back 10% of the shares would increase EPS by more than 1 cent and dividend should increase

Market uses same valuation ratios and just like that Heartland share worth 12/13 cents more. Yippee

If a buyback goes ahead my $1.40 becomes $1.50 plus

Absolutely mate although you're being a little conservative there. If they do a decent sized issue of say $100m plus oversubscriptions there's only 470m shares on issue so they could do a buy-back for 25% of the shares...then we get $1.60+++