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  1. #11746
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by BlackPeter View Post
    True, but thanks to them the market was really depressed. Bought some this morning at 136 ... and think I might owe them a beer ; time will tell ...
    Congrats but I think the question has to be asked. Did they deliberately put out disingenuous information and then short the shares to make a quick 10% over the last two days
    Last edited by Beagle; 19-12-2018 at 10:28 AM.
    No butts, hold no mutts, (unless they're the furry variety).

  2. #11747
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    Quote Originally Posted by minimoke View Post
    This is surely worth a "please explain".
    SSH from Maquaries coming??

  3. #11748
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    Interesting that the HGH announcement was classified as '' not price sensitive''
    I would suggest that it is exactly the opposite.

  4. #11749
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    Love this bit from Heartland’s announcement — “Heartland Group Holdings Limited could potentially raise debt, and use the proceeds to subscribe for new Tier 1 capital in Heartland Bank Limited. "

    Yep, real financial engineering to circumvent the intent of the RB is indeed possible ...questionable?
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  5. #11750
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by trader_jackson View Post
    Dam, all the panicking is over and I missed out on cheap shares... ah well
    OCA still getting cheaper so might have to look there
    You know you want to switch out of your low 17% growth underlying profit company into a greyhound that's growing at triple the rate. Be quick or be disappointed

    Love the bit in Heartland's announcement where they said they can meet the new capital requirements simply through the dividend reinvestment scheme over the next five years. Talk about an easy bar to jump. Will be brutally tough for some banks though but that's their problem not HGH's !
    Last edited by Beagle; 19-12-2018 at 11:05 AM.
    No butts, hold no mutts, (unless they're the furry variety).

  6. #11751
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    Quote Originally Posted by iceman View Post
    ANZ NZ has come out and said they will need additional $ 6-8 BILLION to meet the new capital requirements. BNZ, Westpac and ASB have all said they need large numbers. All the aforementioned, as well as Kiwibank, have said there is no question mortgage and other lending rates need to go up.
    Lets see if the Reserve Bank actually goes ahead with this. Can't imagine the Government being excited about it.
    Interesting times as we move towards a period of rising interest rates and reducing credit availability all the whilst central bank interest rates remain at all time lows with their hands tied in this regard. When both begin moving up......

  7. #11752
    Legend minimoke's Avatar
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    Quote Originally Posted by Fred_Rubble View Post
    Interesting times as we move towards a period of rising interest rates and reducing credit availability all the whilst central bank interest rates remain at all time lows with their hands tied in this regard. When both begin moving up......
    Interesting times indeed. I think HGH REL holders wil be in an OK position They wil be capital rich and can afford any increase in interest rates and they will still have access to a REL due to HGH's low equity requirement.

    The people I am very concerned about are those that bought property with a bank mortgage when the market was at a high. Taking a flattening / reducing property market will push people closer to negative equity. Add in increased costs of servicing that debt - well things are potentially going to get very ugly.

  8. #11753
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    The Aussie house market is down 10% which is worrying

    At the moment it is only a consultation paper seeking out public views on proposal to increase min level of regulatory capital.
    Cut off end of March, so the uncertainty will drag on for months.
    Last edited by alex f; 19-12-2018 at 07:14 PM.

  9. #11754
    percy
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    Quote Originally Posted by alex f View Post
    The Aussie house market is down 10% which is worrying
    Yes for Australian Banks who are heavily exposed to residential and commercial property lending.
    No affect for HGH's Australian REL lending.

  10. #11755
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    Quote Originally Posted by percy View Post
    Yes for Australian Banks who are heavily exposed to residential and commercial property lending.
    No affect for HGH's Australian REL lending.
    Yup!. HGH have a huge amount of equity fat in their REL's. 10% drop is neither here not there to them

    (Disc HGH just avoiding my stoploss trigger)

  11. #11756
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    I said I would not buy any more HGH.
    However, I changed my mind and brought a few more for myself as a Christmas present today.
    Only present I know that will keep paying me fully imputed divies,and if a couple of brokers' forecasts are right, they will be increasing divies.!
    Last edited by percy; 19-12-2018 at 08:25 PM.

  12. #11757
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    Quote Originally Posted by percy View Post
    Yes for Australian Banks who are heavily exposed to residential and commercial property lending.
    No affect for HGH's Australian REL lending.
    Can you explain why there is "no affect" [sic], i.e. nothing zip nada effect, on HGH REL lending regardless of the market valuations on the property that the punters converting to REL are exposed to? I think you're pushing the boat out a bit far here, but still keen to understand why you think that the market valuations of ones residential property have no effect on a conversion to a REL.

  13. #11758
    percy
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    Quote Originally Posted by Baa_Baa View Post
    Can you explain why there is "no affect" [sic], i.e. nothing zip nada effect, on HGH REL lending regardless of the market valuations on the property that the punters converting to REL are exposed to? I think you're pushing the boat out a bit far here, but still keen to understand why you think that the market valuations of ones residential property have no effect on a conversion to a REL.
    Read HGH's 19th November announcement; Heartland Investor Day Presentation."Reverse Mortgages"
    Then should you disagree with my "no affect" comment, I think we will have to agree to disagree.
    Last edited by percy; 19-12-2018 at 08:51 PM.

  14. #11759
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    Quote Originally Posted by percy View Post
    Read HGH's 19th November announcement; Heartland Investor Day Presentation."Reverse Mortgages"
    Then should you disagree with my "no affect" comment, I think we will have to agree to disagree.
    Thank you, I will read that, again, maybe I missed something important. It doesn't stand to reason that a bank would disregard a property's market valuation when considering how much they would lend on the said property.

  15. #11760
    Legend minimoke's Avatar
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    Quote Originally Posted by percy View Post
    I said I would not buy any more HGH.
    However, I changed my mind and brought a few more for myself as a Christmas present today.
    !
    Cant go wrong with that. Even a pair of socks would wear out in a couple of years and you would have nothing to show for your gift. (I treated myself to a santa sack load of OCA)

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