HGH - Heartland Group Holdings

[winner69]

PS - 10% buyback needs just over $50m. Easy

[ziggy415]

PS - 10% buyback needs just over $50m. Easy

sorry...cant get my head around a buy back when you borrow money to do it...it does look good for shareholders but doesnt add to company growth the way i see it

[trader_jackson]

On a more micro note, looks like the big sellers at $1.15 have stopped, I expect a nice lift over the coming week(s)

[percy]

sorry...cant get my head around a buy back when you borrow money to do it...it does look good for shareholders but doesnt add to company growth the way i see it

Google Share repurchase.
It is something an investor must understand.

[winner69]

Google Share repurchase.
It is something an investor must understand.

Yes do that to get an idea and a better understanding. It's all about financial engineering and capital efficiencies which also creates the illusion of greater wealth for shareholders. Main purpose though is probably to get management a bigger bonus

But never never read this

http://hussman.net/wmc/wmc150817.htm

[Beagle]

https://nzx.com/companies/HNZ/announcements/268573 Commentary on Share buy-back and positive effect on EPS is included in the results presentation.

[winner69]

https://nzx.com/companies/HNZ/announcements/268573 Commentary on Share buy-back and positive effect on EPS is included in the results presentation.

You forgot to mention the higher ROE as well

Amazing how a bit of financial sorcery really does magical things

Hope its a decent buyback .....$1.60 plus

[winner69]

I just love this chart from the presentation

About $39m of the total expenses are people costs. They did go up $4m from the year before but I presume they inherited some Seniors people and probably gave everybody a pay rise as well.

What the chart says is that our employees are coping very well with all that growth in loans - good on them for achieving a bit more. Couldn't have been working at full capacity in the past if they can do this.

Keep at guys and gals - we want you to be busier still, so keep working your butts off.

Means a fair chunk of the additional income falls through to our pockets as shareholders - isn't that how its meant to work

That line will continue to fall - yippee

And as a bonus we get to save what we paid Michael

[Beagle]

Saves a cool million bucks from memory doesn't it mate ?

[winner69]

Saves a cool million bucks from memory doesn't it mate ?

That was last year

Waiting to see the Annual Report to see what Jeff got paid.

Probabably over $2 million this year ......outrageous

(That be 5% of the people cost)