HGH - Heartland Group Holdings

[winner69]

The quarterly KPMG review of NZ bank's performance out

For those who love to salivate over how good our finance company (bank in drag) is here it is to have a look through

https://home.kpmg.com/content/dam/kp...ly-kpmg-nz.pdf


Mind you the 65 basis points drop in interest margin over 6 months looks a bit ugly - must be a mistake, as they say don't believe everything you read on he internet

[trader_jackson]

Mind you the 65 basis points drop in interest margin over 6 months looks a bit ugly - must be a mistake, as they say don't believe everything you read on he internet

Yes could be a mistake
Still nearly double the next highest, also higher than 12 months ago, when most are lower - this is extremly impressive given a backdrop of OCR cuts, imagine how great this could be when interest rates start rising again?

I look forward to those impaired assets, mostly related to dairy, improving dramatically this coming next year

[winner69]

Yes could be a mistake
Still nearly double the next highest, also higher than 12 months ago, when most are lower - this is extremly impressive given a backdrop of OCR cuts, imagine how great this could be when interest rates start rising again?

I look forward to those impaired assets, mostly related to dairy, improving dramatically this coming next year

You been sucked in by the hype there trader with those high interest margins

Not really comparable to the other real banks - you would expect a finance company to have a higher margin

But warm fuzzies go a long way

[winner69]

Heartland use the words digital and seamless a lot in this modern ever changing world

Good they use a (dodgy?) P2P platform for consumer loans and a little black box can approve business loans in a few minutes without human intervention .........but if one wants to put some cash on term deposit you need to ring and talk to a real person .....hmmmm

And then the nice guy at Heartland says that internet banking doesn't work that well on mobile devices - best to use a desktop he says

Hmmm

[RTM]

Yes....after some time of stuffing around I found that neither of my Apple things would work.
An Android thing would work....however I have to make a special setting each time.....can't exactly recall what as I have largely given up on it while shore bound. They did say they were addressing it...and would let me know when.

Pain in the A !

And then the nice guy at Heartland says that internet banking doesn't work that well on mobile devices - best to use a desktop he says

Hmmm

[percy]

The quarterly KPMG review of NZ bank's performance out

For those who love to salivate over how good our finance company (bank in drag) is here it is to have a look through

https://home.kpmg.com/content/dam/kp...ly-kpmg-nz.pdf


Mind you the 65 basis points drop in interest margin over 6 months looks a bit ugly - must be a mistake, as they say don't believe everything you read on he internet

Thanks for the link.
Yes always makes for good reading.

[winner69]

Yes....after some time of stuffing around I found that neither of my Apple things would work.
An Android thing would work....however I have to make a special setting each time.....can't exactly recall what as I have largely given up on it while shore bound. They did say they were addressing it...and would let me know when.

Pain in the A !

Maybe that shareholder at the last ASM who commented on Board diversity (especially in the context of modern thinking and technology things) by saying 'just look at you all, a row of old fuddy duddies' had a point

Possibly none of them of heard of Android anyway

Missed the opportunity of not appointing somebody like Raz's recommendation recently

[percy]

And then the nice guy at Heartland says that internet banking doesn't work that well on mobile devices - best to use a desktop he says

Hmmm

They will need to get this sorted very quickly.
It is the way the world is moving.

[percy]

The quarterly KPMG review of NZ bank's performance out



Mind you the 65 basis points drop in interest margin over 6 months looks a bit ugly - must be a mistake, as they say don't believe everything you read on he internet

May pay to read the footnote on page 17.

Looks to me as though all the banks are in good shape.

[winner69]

From my mate Cam

@ANZ_cambagrie: ANZ consumer confidence lifted in Oct to highest since mid-2015, driven by optimism about the economic outlook. https://t.co/JlMGukSRBJ


Wow - consumer confidence high + economy booming = punters borrow more = good for Heartland share price

How can a fantastically managed finance company strategically targeting niche markets not do well in this environment.