HGH - Heartland Group Holdings

[King1212]

Heartland Seniors Finance becomes Consumer Trusted Wednesday, 27 July 2016, 10:53 am Press Release: Consumer NZ

27 July 2016
Heartland Seniors Finance becomes Consumer Trusted

Heartland Seniors Finance has been accredited under Consumer NZ’sConsumer Trusted business programme.
To become Consumer Trusted, a business must meet Consumer NZ’s strict code of conduct that focuses largely on consumer law such as the Fair Trading Act and Consumer Guarantees Act. A business must show it exceeds the minimum requirements of the law.
Heartland Seniors Finance, a division of Heartland Bank, offers Home Equity Loans that allow seniors to borrow against the equity in their home without selling their property.
Customers take out a loan against their home. The loan is only repayable, including interest, when the borrower sells the property or moves from the property permanently.
Consumer NZ general manager – business Derek Bonnar said gaining Consumer Trusted status was a great achievement for Heartland Seniors Finance.
“This type of financial product is not widely available in New Zealand. We assessed the Home Equity Loan carefully and were impressed with the commitment Heartland Seniors Finance had made to delivering an excellent customer experience and to ensure customers were kept well informed,” Mr Bonnar said.
Heartland Seniors Finance requires borrowers obtain independent legal advice and strongly recommends they get independent financial advice to ensure they are well informed. It also guarantees continued ownership of the property, equity protection options and a 30-day cooling-off period.



Heartland Seniors Finance was elated to receive Consumer Trusted accreditation.
“We are passionate about our Home Equity Release product and we are proud to have achieved this endorsement,” Heartland Seniors Finance national manager Lisa Hatfield said.
"It’s great to know that we are giving our seniors this additional level of comfort in our product.”
The Consumer Trusted programme has been running since 2014 and encourages businesses to deliver exceptional customer service.
By using Consumer Trusted businesses, consumers can be confident they are dealing with market leaders that put the customer first. Consumer Trusted businesses are required to deliver over and above consumer law.
Consumer NZ is an independent, not-for-profit organisation. Winners of Consumer NZ endorsements and awards can license use of the awards for marketing and promotions. All revenue raised from the endorsement programme goes back into the research Consumer NZ does to help New Zealanders get a fair deal.

[K1W1G0LD]

Interesting to see the W69 effect remains firmly in place. $1.40 seems to be the figure most commonly used.The bigger picture will emerge in time , once some restraint is introduced or medication increased , whichever comes first.

[percy]

Heartland Seniors Finance becomes Consumer Trusted Wednesday, 27 July 2016, 10:53 am Press Release: Consumer NZ

27 July 2016
Heartland Seniors Finance becomes Consumer Trusted

Heartland Seniors Finance has been accredited under Consumer NZ’sConsumer Trusted business programme.
To become Consumer Trusted, a business must meet Consumer NZ’s strict code of conduct that focuses largely on consumer law such as the Fair Trading Act and Consumer Guarantees Act. A business must show it exceeds the minimum requirements of the law.
Heartland Seniors Finance, a division of Heartland Bank, offers Home Equity Loans that allow seniors to borrow against the equity in their home without selling their property.
Customers take out a loan against their home. The loan is only repayable, including interest, when the borrower sells the property or moves from the property permanently.
Consumer NZ general manager – business Derek Bonnar said gaining Consumer Trusted status was a great achievement for Heartland Seniors Finance.
“This type of financial product is not widely available in New Zealand. We assessed the Home Equity Loan carefully and were impressed with the commitment Heartland Seniors Finance had made to delivering an excellent customer experience and to ensure customers were kept well informed,” Mr Bonnar said.
Heartland Seniors Finance requires borrowers obtain independent legal advice and strongly recommends they get independent financial advice to ensure they are well informed. It also guarantees continued ownership of the property, equity protection options and a 30-day cooling-off period.



Heartland Seniors Finance was elated to receive Consumer Trusted accreditation.
“We are passionate about our Home Equity Release product and we are proud to have achieved this endorsement,” Heartland Seniors Finance national manager Lisa Hatfield said.
"It’s great to know that we are giving our seniors this additional level of comfort in our product.”
The Consumer Trusted programme has been running since 2014 and encourages businesses to deliver exceptional customer service.
By using Consumer Trusted businesses, consumers can be confident they are dealing with market leaders that put the customer first. Consumer Trusted businesses are required to deliver over and above consumer law.
Consumer NZ is an independent, not-for-profit organisation. Winners of Consumer NZ endorsements and awards can license use of the awards for marketing and promotions. All revenue raised from the endorsement programme goes back into the research Consumer NZ does to help New Zealanders get a fair deal.

What a fantastic endorsement.
Reflects on the way Heartland Bank conduct themselves,and do business.
Confirms that Heartland Bank continues to do what they say they will do.
They spent a great deal of time laying solid foundations.
Now we are seeing the next stage of their growth,bringing excellent products,such as RELs and "open for business" , direct to their customers on line.

[winner69]

Interesting to see the W69 effect remains firmly in place. $1.40 seems to be the figure most commonly used.The bigger picture will emerge in time , once some restraint is introduced or medication increased , whichever comes first.

Cmon kiwigold, thats not very nice of you but i'll forgive you seeing it was late evening post.

Whatever no need for restraint etc ....since I've got 'enthusiastic' again the share price has gone from sub 120 to over 130. Thats 10% in a short time - makes me happy and no need for happy pills.

Even with no acquisition on the horizon thst 140 will be here again soon, maybe next week? Then in August a profit upgrade and onwards and upwards to 160

[trader_jackson]

Well HBL was a bit of a fizzier... but still "well positioned"

Moving on to this week: possible announcement early next week confirming profit at the upper end of guidance?

[percy]

Well HBL was a bit of a fizzier... but still "well positioned"

Moving on to this week: possible announcement early next week confirming profit at the upper end of guidance?

Yes Friday was "The Big Fizzer" for me.
Waited all day for updates from both HBL and SCL.
Nothing from either.!!!
However as you so rightly point out we still remain "well positioned."

[winner69]

Yes Friday was "The Big Fizzer" for me.
Waited all day for updates from both HBL and SCL.
Nothing from either.!!!
However as you so rightly point out we still remain "well positioned."

Dissappointing eh

It was a year ago that they gave that $51m-$55m guidance ...and reaffirmed it several times since

The power of proactive provisioning eh - you end up reporting what you want and justenough to keep the punters happy. No more, no less.

They know the result already.

Will they ssy, like t-j says, 'NPAT at upper end of guidance' or what winner would like 'NPAT of $56m which exceeds previous guidance'. They probably made $58m anyway but heck couldn't report that could we as put pressure on next year wouldn't it

What about next year F17 guidance - a conservative $58m to $63m I reckon

Another boring year coming p - especially if $60m alredy priced in

[kizame]

Dissappointing eh

It was a year ago that they gave that $51m-$55m guidance ...and reaffirmed it several times since

The power of proactive provisioning eh - you end up reporting what you want and justenough to keep the punters happy. No more, no less.

They know the result already.

Will they ssy, like t-j says, 'NPAT at upper end of guidance' or what winner would like 'NPAT of $56m which exceeds previous guidance'. They probably made $58m anyway but heck couldn't report that could we as put pressure on next year wouldn't it

What about next year F17 guidance - a conservative $58m to $63m I reckon

Another boring year coming p - especially if $60m alredy priced in

There could still be a surprise in the offing,if and when they make that aquisition,providing it's big enough,will be the game changer.
The nice thing is,they are looking hard,they are not buying just anything,and boring can be beautiful.

[percy]

[QUOTE=kizame;630381 boring can be beautiful.[/QUOTE]

Boring is not only beautiful,but is also making me wealthy..
Love it.lol

[winner69]

Updating things in readiness for the results announcement and came across this

Broker analysts like Craigs seem to like using Price/Book ratios to value Heartland - using 1.1 times and sometimes 1.2 times

Plotting book value against the share price seems to say that this is how the market values Heartland as well.

Book value creeping up slowly over the last few years (high pay out ratio and new shares don't help) and over time so is the share price (with the occasional dips and spikes).

Couldn't help but notice that the recent price rise has taken this to close to 1.3 the expected book value as at June 16 of $1.05 ..... suggesting that a good $60m guidance for F17 is already built in to the current price.

No acquistions on the horizon so nextbigthing I think our $1.60 target is a bit outrageous