HGH - Heartland Group Holdings

[BlackPeter]

Dairy prices up = Heartland up - You know how some people think.

Best Wishes
Paper Tiger

Maybe ... but just check out how the big banks took off today: ANZ up 4.5%, the others around 3% similar to HBL . Sure this is just the milk?

[trader_jackson]

Yes! $1.60 by Christmas is the word on the street.

Just like last Christmas, right?

[nextbigthing]

Just like last Christmas, right?

Correct

But Grimy does raise a good point;

Be very careful of word on the street.........

He/she is right. It could be over $1.60, more like $1.80+. Don't forget to prepare for this possibility, be careful

[SCOTTY]

I always get the $1.11 and the $1.32 mixed up. Pease forgive me - the price is so up and down.

Probably be $1.32 again ......just like last year

You are forgiven W69

This is why I like the drip and want the share price to stay low ��:
5/4/16. $1.198 (3.5 CPS)
29/9/15. $1.11 (4.5CPS)
27/3/15. $1.32 (3.0 CPS)
29/9/14. $1.015 (3.5 CPS)
20/3/14. $0.8606 (2.5 CPS)
1/10/13. $0.826 (2.5 CPS)

The magic of compounding ��������

[axe]

You are forgiven W69

This is why I like the drip and want the share price to stay low ��:

29/9/15. $1.11 ( 4.5 CPS)
27/3/15. $1.32 ( 3.0 CPS)
29/9/14. $1.015 ( 3.5 CPS)
20/3/14. $0.8606 (2.5 CPS)
1/10/13. $0.826 (2.5 CPS)

The magic of compounding ��������

The magic of compounding with an increasing dividend

[SCOTTY]

The magic of compounding with an increasing dividend

Thanks axe

[winner69]

Westpac nz worried about stressed rural loans. Aren't we lucky that heartland have avoided such impending turmoil by their prudent approach

From sharechat.co.nz

Westpac’s New Zealand business has seen an increase in “stressed” loans amid a weakening of the country’s agricultural sector, which is highly exposed to the global crash in dairy prices.

Westpac said today its New Zealand arm, which accounts for 11 per cent of the bank’s total cash earnings, saw an increase in stressed lending in its agricultural loan portfolio over the three months through December, rising to 4.2 per cent of lending, up from 3.9 per cent in the September quarter.

Although the percentage of impaired loans held steady at 0.34 over the quarter, Westpac said low dairy payouts were causing a rise in stressed loans. Agricultural loans make up nearly 8 per cent of the NZ arm’s portfolio, with dairy accounting for around 70 per cent of the $NZ8 billion agricultural loan book.

[Raz]

Westpac nz worried about stressed rural loans. Aren't we lucky that heartland have avoided such impending turmoil by their prudent approach

From sharechat.co.nz

Westpac’s New Zealand business has seen an increase in “stressed” loans amid a weakening of the country’s agricultural sector, which is highly exposed to the global crash in dairy prices.

Westpac said today its New Zealand arm, which accounts for 11 per cent of the bank’s total cash earnings, saw an increase in stressed lending in its agricultural loan portfolio over the three months through December, rising to 4.2 per cent of lending, up from 3.9 per cent in the September quarter.

Although the percentage of impaired loans held steady at 0.34 over the quarter, Westpac said low dairy payouts were causing a rise in stressed loans. Agricultural loans make up nearly 8 per cent of the NZ arm’s portfolio, with dairy accounting for around 70 per cent of the $NZ8 billion agricultural loan book.

Sweet, simply excellent

[Snow Leopard]

Westpac nz worried about stressed rural loans. Aren't we lucky that heartland have avoided such impending turmoil by their prudent approach

From sharechat.co.nz

Westpac’s New Zealand business has seen an increase in “stressed” loans amid a weakening of the country’s agricultural sector, which is highly exposed to the global crash in dairy prices.

Westpac said today its New Zealand arm, which accounts for 11 per cent of the bank’s total cash earnings, saw an increase in stressed lending in its agricultural loan portfolio over the three months through December, rising to 4.2 per cent of lending, up from 3.9 per cent in the September quarter.

Although the percentage of impaired loans held steady at 0.34 over the quarter, Westpac said low dairy payouts were causing a rise in stressed loans. Agricultural loans make up nearly 8 per cent of the NZ arm’s portfolio, with dairy accounting for around 70 per cent of the $NZ8 billion agricultural loan book.

Couple of items:

Firstly --
You can see why the Reserve Bank does not worry about Heartland going phut:
Westpac has a dairy loan size of about portfolio of $5.5B;
Heartland has a TOTAL loan size of $2.9B.
[Important Note: I sincerely hope that the Heartland does not go phut.]

Lastly --
Any idea how Westpac defines stressed?

Here is all the Heartland Rural loans past due or impaired at end of Jun & Dec:
($ are thousands; big numbers at bottom: total rural loans)



As you can see they shuffled a lot of the 90+ loans over to [individually] impaired (which essentially means there are keeping a closer eye on them).
Outside of that there is little change and so far, actual provision for impairment is still insignificant.

Best Wishes
Paper Tiger

[Beagle]

http://a.msn.com/r/2/AAgxhkS?a=0&m=en-nz

HBL wise not to foreclose on anyone. Little birdie told me the other day after talking to a leading farm broker they had "Listings for Africa" and anyone interested in buying could basically name their own terms.