HGH - Heartland Group Holdings

[winner69]

Good to see a reversal Now the Lemmings and nervous nellie's have moved all their funds back into bonds or savings or wherever.

I think some were selling in readiness for piling into the subordinated bonds Heartland should be issuing soon.

Looking forward to the ~$26m H1 earnings (including the $1m for that 28 age book they sent us) - that'll get share price back to $1.30 and those Lemmings and nervous nellies will be feeling a bit sheepish.

(Not really fair calling people Ames though)

[Beagle]

What would be quite interesting, (I have noticed a fairly strong correlation between GDT prices and HBL's SP) is if someone has ready access to the data to do a chart overlaying one against the other over the last 12 months. The dairy futures are pointing to yet another 5-10% decline in the next GDT auction price...you be the judge if that signals more choppy water ahead.

[Raz]

I think some were selling in readiness for piling into the subordinated bonds Heartland should be issuing soon.

Looking forward to the ~$26m H1 earnings (including the $1m for that 28 age book they sent us) - that'll get share price back to $1.30 and those Lemmings and nervous nellies will be feeling a bit sheepish.

(Not really fair calling people Ames though)

Haha All I see is a non-performing share, there are only winners or losers nothing inbetween!

[winner69]

What would be quite interesting, (I have noticed a fairly strong correlation between GDT prices and HBL's SP) is if someone has ready access to the data to do a chart overlaying one against the other over the last 12 months. The dairy futures are pointing to yet another 5-10% decline in the next GDT auction price...you be the judge if that signals more choppy water ahead.

You have noticed well

But only interesting - even though it looks like there is a correlation its just coincidence because Heartland have very little exposure to dairy loans and are well provisioned and there are no problems coming up

Maybe a bit of deep thinking could explain why the Heartland share price does seem to follow whole milk prices as per GDT auctions

Another one this week - surely prices will go higher

[Beagle]

You have noticed well

But only interesting - even though it looks like there is a correlation its just coincidence because Heartland have very little exposure to dairy loans and are well provisioned and there are no problems coming up

Maybe a bit of deep thinking could explain why the Heartland share price does seem to follow whole milk prices as per GDT auctions

Another one this week - surely prices will go higher

Hmmm..many thanks Winner for your expert charting and effort. An astute investor in HBL might be keeping an eye on the GDT futures market to gain an advantage. Futures look very weak all the way out to July 2016.

[Snow Leopard]

You have noticed well

But only interesting - even though it looks like there is a correlation its just coincidence because Heartland have very little exposure to dairy loans and are well provisioned and there are no problems coming up

Maybe a bit of deep thinking could explain why the Heartland share price does seem to follow whole milk prices as per GDT auctions

Another one this week - surely prices will go higher

You should try those dairy prices against the AIR SP chart - it may well be a better fit.

Best Wishes
Paper Tiger

[Raz]

geographical concentration of loans, rural service industry/town linked loan book?

[winner69]

geographical concentration of loans, rural service industry/town linked loan book?

That 44% of total loans in provincial NZ?

[winner69]

You should try those dairy prices against the AIR SP chart - it may well be a better fit.

Best Wishes
Paper Tiger

Might look a bit similar - underlying meaning to this?

Even so wouldn't look as bad - over 1 year AIR still up while Heartland down 20% odd (WMP own 30% odd)

[percy]

Well I was in provincial Fairlie selling books a couple of weeks ago.
Sales were excellent, as you would expect in a town that was fair humming.
Shops were doing a good trade.The main road was flat out with rural servicing vehicles.
Great to see Heartland Bank finance benefiting the whole community.